BAOS vs TRUG: Correlation
Baosheng Media Group Holdings Limited (BAOS) and TruGolf Holdings, Inc. (TRUG) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAOS and TRUG?
On 3 years of weekly data the BAOS/TRUG correlation comes out at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.40). The 5-year figure is 0.23, and annualized covariance runs at 5179.6 %².
Within BAOS's tracked universe of 12 assets, TRUG comes in at #6 by 3-year correlation. On 12-month performance BAOS holds a 14.1-point edge, -84.5% against -98.6%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BAOS vs TRUG: side by side
| BAOS (Baosheng Media Group Holdings Limited) | TRUG (TruGolf Holdings, Inc.) | |
|---|---|---|
| 1-year return | -84.5% | -98.6% |
| 5-year return | -96.8% | -100.0% |
| Volatility (ann.) | 113.6% | 114.0% |
| Beta vs S&P 500 | 2.15 | 0.84 |
| Max drawdown (3Y) | -94.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAOS | TRUG |
|---|---|---|
| 2022 | -3.9% | +8.1% |
| 2023 | -30.0% | +9.7% |
| 2024 | -29.1% | -94.2% |
| 2025 | +6.6% | -97.8% |
| 2026 | -84.3% | -91.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAOS and TRUG good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BAOS and TRUG?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.23 over the last year and 0.23 over 5 years.
Is TRUG a good diversifier for BAOS?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/baos-vs-trug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/baos-vs-trug/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAOS correlations · TRUG correlations
