BBGI vs PDSB: Correlation
Beasley Broadcast Group, Inc. (BBGI) and PDS Biotechnology Corporation (PDSB) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and PDSB?
Across a 3-year window, the weekly returns of BBGI and PDSB correlate at 0.45, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.45). Stretching to 5 years gives 0.36, with an annualized covariance of 7756.6 %².
Within BBGI's tracked universe of 22 assets, PDSB comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BBGI outperformed by 411.8 percentage points (+328.8% for BBGI against -83.0% for PDSB). One caveat on sizing: BBGI is 1.8 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 PDSB: side by side
| BBGI (Beasley Broadcast Group, Inc.) | PDSB (PDS Biotechnology Corporation) | |
|---|---|---|
| 1-year return | +328.8% | -83.0% |
| 5-year return | -61.6% | -98.5% |
| Volatility (ann.) | 178.9% | 97.2% |
| Beta vs S&P 500 | 1.94 | 2.90 |
| Max drawdown (3Y) | -85.2% | -96.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBGI | PDSB |
|---|---|---|
| 2022 | -51.6% | +63.0% |
| 2023 | -4.3% | -62.3% |
| 2024 | -46.5% | -67.2% |
| 2025 | -46.8% | -52.8% |
| 2026 | +293.8% | -71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and PDSB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBGI and PDSB?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.58 over the last year and 0.36 over 5 years.
Is PDSB a good diversifier for BBGI?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbgi-vs-pdsb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbgi-vs-pdsb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBGI correlations · PDSB correlations
