BBGI vs ESLA: Correlation
How closely do Beasley Broadcast Group, Inc. (BBGI) and Estrella Immunopharma, Inc. (ESLA) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and ESLA?
On 3 years of weekly data the BBGI/ESLA correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.37). The 5-year figure is 0.26, and annualized covariance runs at 7913.0 %².
Within BBGI's tracked universe of 22 assets, ESLA comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BBGI ahead by 352.0 points (+328.8% versus -23.2%).
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.
BBGI vs ESLA: side by side
| BBGI (Beasley Broadcast Group, Inc.) | ESLA (Estrella Immunopharma, Inc.) | |
|---|---|---|
| 1-year return | +328.8% | -23.2% |
| 5-year return | -61.6% | -92.6% |
| Volatility (ann.) | 178.9% | 120.6% |
| Beta vs S&P 500 | 1.94 | 1.20 |
| Max drawdown (3Y) | -85.2% | -96.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBGI | ESLA |
|---|---|---|
| 2022 | -51.6% | +3.8% |
| 2023 | -4.3% | -89.2% |
| 2024 | -46.5% | +8.1% |
| 2025 | -46.8% | +30.0% |
| 2026 | +293.8% | -53.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and ESLA good diversifiers for each other?
Reasonably. At 0.37, BBGI and ESLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBGI and ESLA?
As of 2026-08-27, the correlation of weekly returns between BBGI and ESLA is 0.37 over 3 years, 0.53 over 1 year and 0.26 over 5 years.
Is ESLA a good diversifier for BBGI?
Reasonably. At 0.37, BBGI and ESLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/bbgi-vs-esla.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbgi-vs-esla/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBGI correlations · ESLA correlations
