BBLG vs PARA: Correlation
How closely do Bone Biologics Corp (BBLG) and Banzai International, Inc. (PARA) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBLG and PARA?
On 3 years of weekly data the BBLG/PARA correlation comes out at 0.27, weak. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 4375.5 %².
Among the 14 assets we track against BBLG, PARA ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BBLG outperformed by 26.8 percentage points (-71.4% for BBLG against -98.2% for PARA).
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.
BBLG vs PARA: side by side
| BBLG (Bone Biologics Corp) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | -71.4% | -98.2% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 140.7% | 114.5% |
| Beta vs S&P 500 | 0.69 | -0.02 |
| Max drawdown (3Y) | -98.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBLG | PARA |
|---|---|---|
| 2022 | -94.0% | +3.7% |
| 2023 | -91.0% | -81.4% |
| 2024 | -79.2% | -98.4% |
| 2025 | -74.3% | -93.7% |
| 2026 | -57.6% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBLG and PARA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBLG and PARA?
As of 2026-08-27, the correlation of weekly returns between BBLG and PARA is 0.27 over 3 years, 0.23 over 1 year and 0.20 over 5 years.
Is PARA a good diversifier for BBLG?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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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Related comparisons
Hubs: BBLG correlations · PARA correlations
