BATRA vs JBIO: Correlation
Measured on weekly returns over the past three years, Atlanta Braves Holdings, Inc. - Series A (BATRA) and Jade Biosciences, Inc. (JBIO) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRA and JBIO?
On 3 years of weekly data the BATRA/JBIO correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 675.4 %².
Among the 12 assets we track against BATRA, JBIO ranks #7 by 3-year correlation. The last year tells two different stories: JBIO led by 149.9 percentage points, +17.9% for BATRA against +167.8% for JBIO. One caveat on sizing: JBIO is 5.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BATRA vs JBIO: side by side
| BATRA (Atlanta Braves Holdings, Inc. - Series A) | JBIO (Jade Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +17.9% | +167.8% |
| 5-year return | +113.7% | -96.3% |
| Volatility (ann.) | 18.8% | 106.5% |
| Beta vs S&P 500 | 0.46 | 0.77 |
| Max drawdown (3Y) | -16.6% | -99.4% |
| Market cap | $3.6B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRA | JBIO |
|---|---|---|
| 2022 | +13.6% | +148.5% |
| 2023 | +30.9% | -22.8% |
| 2024 | -4.6% | -88.3% |
| 2025 | +4.1% | -82.9% |
| 2026 | +31.2% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRA and JBIO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BATRA and JBIO?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.34 over the last year and 0.26 over 5 years.
Is JBIO a good diversifier for BATRA?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/batra-vs-jbio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/batra-vs-jbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BATRA correlations · JBIO correlations
