BBGI vs SMPL: Correlation
Measured on weekly returns over the past three years, Beasley Broadcast Group, Inc. (BBGI) and The Simply Good Foods Company (SMPL) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and SMPL?
Across a 3-year window, the weekly returns of BBGI and SMPL correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.21, with an annualized covariance of -1719.9 %².
Among the 22 assets we track against BBGI, SMPL sits near the bottom by co-movement, at rank #21. Their recent paths diverged sharply: over the last 12 months BBGI outperformed by 393.7 percentage points (+328.8% for BBGI against -64.9% for SMPL). Note the risk asymmetry: BBGI runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SMPL: side by side
| BBGI (Beasley Broadcast Group, Inc.) | SMPL (The Simply Good Foods Company) | |
|---|---|---|
| 1-year return | +328.8% | -64.9% |
| 5-year return | -61.6% | -71.3% |
| Volatility (ann.) | 178.9% | 37.3% |
| Beta vs S&P 500 | 1.94 | 0.38 |
| Max drawdown (3Y) | -85.2% | -76.2% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBGI | SMPL |
|---|---|---|
| 2022 | -51.6% | -8.5% |
| 2023 | -4.3% | +4.1% |
| 2024 | -46.5% | -1.6% |
| 2025 | -46.8% | -48.5% |
| 2026 | +293.8% | -49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and SMPL good diversifiers for each other?
Yes. With a correlation of -0.26, BBGI and SMPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBGI and SMPL?
As of 2026-08-27, the correlation of weekly returns between BBGI and SMPL is -0.26 over 3 years, -0.31 over 1 year and -0.21 over 5 years.
Is SMPL a good diversifier for BBGI?
Yes. With a correlation of -0.26, BBGI and SMPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BBGI correlations · SMPL correlations
