BBOT vs LKFN: Correlation
Measured on weekly returns over the past three years, BridgeBio Oncology Therapeutics, Inc. (BBOT) and Lakeland Financial Corporation (LKFN) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBOT and LKFN?
Across a 3-year window, the weekly returns of BBOT and LKFN correlate at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.29) than the 3-year average (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -170.7 %².
Among the 27 assets we track against BBOT, LKFN ranks #11 by 3-year correlation. Over the last 12 months BBOT came out ahead by 9.1 percentage points (-1.3% against -10.4%).
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.
BBOT vs LKFN: side by side
| BBOT (BridgeBio Oncology Therapeutics, Inc.) | LKFN (Lakeland Financial Corporation) | |
|---|---|---|
| 1-year return | -1.3% | -10.4% |
| 5-year return | n/a | +4.7% |
| Volatility (ann.) | 34.5% | 29.9% |
| Beta vs S&P 500 | 0.30 | 0.75 |
| Max drawdown (3Y) | -48.1% | -31.7% |
| Market cap | $0.7B | $1.5B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 3.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBOT | LKFN |
|---|---|---|
| 2022 | – | -7.0% |
| 2023 | – | -7.8% |
| 2024 | – | +8.7% |
| 2025 | +19.2% | -14.3% |
| 2026 | -26.7% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBOT and LKFN good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBOT and LKFN?
As of 2026-08-27, the correlation of weekly returns between BBOT and LKFN is -0.18 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is LKFN a good diversifier for BBOT?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbot-vs-lkfn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbot-vs-lkfn/)
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Related comparisons
Hubs: BBOT correlations · LKFN correlations
