BBGI vs IPI: Correlation
How closely do Beasley Broadcast Group, Inc. (BBGI) and Intrepid Potash, Inc (IPI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and IPI?
Across a 3-year window, the weekly returns of BBGI and IPI correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.23). Stretching to 5 years gives -0.13, with an annualized covariance of -1964.4 %².
Out of 22 assets tracked against BBGI, IPI lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months BBGI outperformed by 305.5 percentage points (+328.8% for BBGI against +23.3% for IPI). One caveat on sizing: BBGI is 3.7 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.
BBGI vs IPI: side by side
| BBGI (Beasley Broadcast Group, Inc.) | IPI (Intrepid Potash, Inc) | |
|---|---|---|
| 1-year return | +328.8% | +23.3% |
| 5-year return | -61.6% | +20.2% |
| Volatility (ann.) | 178.9% | 48.0% |
| Beta vs S&P 500 | 1.94 | 0.56 |
| Max drawdown (3Y) | -85.2% | -38.5% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBGI | IPI |
|---|---|---|
| 2022 | -51.6% | -32.4% |
| 2023 | -4.3% | -17.2% |
| 2024 | -46.5% | -8.2% |
| 2025 | -46.8% | +26.5% |
| 2026 | +293.8% | +35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and IPI good diversifiers for each other?
Yes. With a correlation of -0.23, BBGI and IPI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBGI and IPI?
As of 2026-08-27, the correlation of weekly returns between BBGI and IPI is -0.23 over 3 years, -0.37 over 1 year and -0.13 over 5 years.
Is IPI a good diversifier for BBGI?
Yes. With a correlation of -0.23, BBGI and IPI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/bbgi-vs-ipi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbgi-vs-ipi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBGI correlations · IPI correlations
