BATRK vs NEON: Correlation
Atlanta Braves Holdings, Inc. - Series C (BATRK) and Neonode Inc. (NEON) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRK and NEON?
Over the past 3 years, BATRK and NEON moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 793.4 %².
Among the 12 assets we track against BATRK, NEON sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with BATRK ahead by 109.5 points (+13.3% versus -96.2%). Risk is not evenly split, since NEON carries 6.3 times the volatility of the other side.
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.
BATRK vs NEON: side by side
| BATRK (Atlanta Braves Holdings, Inc. - Series C) | NEON (Neonode Inc.) | |
|---|---|---|
| 1-year return | +13.3% | -96.2% |
| 5-year return | +96.3% | -82.6% |
| Volatility (ann.) | 19.0% | 119.0% |
| Beta vs S&P 500 | 0.50 | 1.95 |
| Max drawdown (3Y) | -18.7% | -97.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRK | NEON |
|---|---|---|
| 2022 | +14.7% | -37.9% |
| 2023 | +22.8% | -58.4% |
| 2024 | -3.3% | +259.4% |
| 2025 | +3.1% | -78.9% |
| 2026 | +28.8% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRK and NEON good diversifiers for each other?
Reasonably. At 0.35, BATRK and NEON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BATRK and NEON?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.30 over the last year and 0.26 over 5 years.
Is NEON a good diversifier for BATRK?
Reasonably. At 0.35, BATRK and NEON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/batrk-vs-neon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/batrk-vs-neon/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BATRK correlations · NEON correlations
