BBGI vs VZ: Correlation
Beasley Broadcast Group, Inc. (BBGI) and Verizon (VZ) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and VZ?
Across a 3-year window, the weekly returns of BBGI and VZ correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.21). Stretching to 5 years gives -0.14, with an annualized covariance of -848.9 %².
Among the 22 assets we track against BBGI, VZ ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BBGI outperformed by 309.5 percentage points (+328.8% for BBGI against +19.3% for VZ). Note the risk asymmetry: BBGI runs 7.8 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 VZ: side by side
| BBGI (Beasley Broadcast Group, Inc.) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +328.8% | +19.3% |
| 5-year return | -61.6% | +23.8% |
| Volatility (ann.) | 178.9% | 22.9% |
| Beta vs S&P 500 | 1.94 | 0.15 |
| Max drawdown (3Y) | -85.2% | -17.0% |
| Market cap | – | $205.4B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BBGI | VZ |
|---|---|---|
| 2022 | -51.6% | -20.0% |
| 2023 | -4.3% | +2.7% |
| 2024 | -46.5% | +13.1% |
| 2025 | -46.8% | +8.9% |
| 2026 | +293.8% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and VZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBGI and VZ?
The BBGI/VZ correlation stands at -0.21 on a 3-year window (1 year: -0.32, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is VZ a good diversifier for BBGI?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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-vz.json
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Hubs: BBGI correlations · VZ correlations
