BBGI vs T: Correlation
How closely do Beasley Broadcast Group, Inc. (BBGI) and AT&T (T) 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 T?
On 3 years of weekly data the BBGI/T correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -923.0 %².
Among the 22 assets we track against BBGI, T sits near the bottom by co-movement, at rank #19. The last year tells two different stories: BBGI led by 337.2 percentage points, +328.8% for BBGI against -8.4% for T. Risk is not evenly split, since BBGI carries 8.0 times the volatility of the other side.
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 T: side by side
| BBGI (Beasley Broadcast Group, Inc.) | T (AT&T) | |
|---|---|---|
| 1-year return | +328.8% | -8.4% |
| 5-year return | -61.6% | +67.2% |
| Volatility (ann.) | 178.9% | 22.4% |
| Beta vs S&P 500 | 1.94 | 0.05 |
| Max drawdown (3Y) | -85.2% | -28.9% |
| Market cap | – | $174.3B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 0.00% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BBGI | T |
|---|---|---|
| 2022 | -51.6% | +6.5% |
| 2023 | -4.3% | -2.7% |
| 2024 | -46.5% | +44.1% |
| 2025 | -46.8% | +14.0% |
| 2026 | +293.8% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and T good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBGI and T?
The BBGI/T correlation stands at -0.23 on a 3-year window (1 year: -0.29, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is T a good diversifier for BBGI?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
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Hubs: BBGI correlations · T correlations
