BBAR vs PDEX: Correlation
Measured on weekly returns over the past three years, Banco BBVA Argentina S.A. (BBAR) and Pro-Dex, Inc. (PDEX) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAR and PDEX?
On 3 years of weekly data the BBAR/PDEX correlation comes out at 0.27, weak. Lately the two have moved closer together, with the 1-year correlation at 0.43 versus 0.27 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 1146.4 %².
Within BBAR's tracked universe of 17 assets, PDEX comes in at #8 by 3-year correlation. The last year tells two different stories: PDEX led by 21.9 percentage points, +20.6% for BBAR against +42.5% for PDEX.
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.
BBAR vs PDEX: side by side
| BBAR (Banco BBVA Argentina S.A.) | PDEX (Pro-Dex, Inc.) | |
|---|---|---|
| 1-year return | +20.6% | +42.5% |
| 5-year return | +356.0% | +152.4% |
| Volatility (ann.) | 70.3% | 59.6% |
| Beta vs S&P 500 | 1.06 | 0.17 |
| Max drawdown (3Y) | -66.3% | -65.3% |
| Market cap | $3.0B | $0.2B |
| P/E (trailing) | 15.9 | 17.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBAR | PDEX |
|---|---|---|
| 2022 | +34.6% | -31.5% |
| 2023 | +47.3% | +10.2% |
| 2024 | +315.7% | +166.8% |
| 2025 | -5.2% | -17.7% |
| 2026 | -17.7% | +68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAR and PDEX good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBAR and PDEX?
As of 2026-08-27, the correlation of weekly returns between BBAR and PDEX is 0.27 over 3 years, 0.43 over 1 year and 0.22 over 5 years.
Is PDEX a good diversifier for BBAR?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbar-vs-pdex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbar-vs-pdex/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBAR correlations · PDEX correlations
