BBGI vs FUSE: Correlation
Beasley Broadcast Group, Inc. (BBGI) and Fusemachines Inc. (FUSE) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and FUSE?
Over the past 3 years, BBGI and FUSE moved with a correlation of 0.43, which is moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.43). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 8578.7 %².
Within BBGI's tracked universe of 22 assets, FUSE comes in at #9 by 3-year correlation. The last year tells two different stories: BBGI led by 423.4 percentage points, +328.8% for BBGI against -94.6% for FUSE. One caveat on sizing: BBGI is 1.6 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.
BBGI vs FUSE: side by side
| BBGI (Beasley Broadcast Group, Inc.) | FUSE (Fusemachines Inc.) | |
|---|---|---|
| 1-year return | +328.8% | -94.6% |
| 5-year return | -61.6% | -92.2% |
| Volatility (ann.) | 178.9% | 111.4% |
| Beta vs S&P 500 | 1.94 | 0.31 |
| Max drawdown (3Y) | -85.2% | -96.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBGI | FUSE |
|---|---|---|
| 2022 | -51.6% | – |
| 2023 | -4.3% | +7.6% |
| 2024 | -46.5% | +5.6% |
| 2025 | -46.8% | -85.7% |
| 2026 | +293.8% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and FUSE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBGI and FUSE?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.64 over the last year and 0.42 over 5 years.
Is FUSE a good diversifier for BBGI?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
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Related comparisons
Hubs: BBGI correlations · FUSE correlations
