BBW vs INCR: Correlation
How closely do Build-A-Bear Workshop, Inc. (BBW) and Intercure Ltd. (INCR) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBW and INCR?
Over the past 3 years, BBW and INCR moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.31). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -5058.1 %².
Among the 16 assets we track against BBW, INCR sits near the bottom by co-movement, at rank #15. The last year tells two different stories: INCR led by 298.9 percentage points, -50.4% for BBW against +248.5% for INCR. Note the risk asymmetry: INCR runs 6.9 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.
BBW vs INCR: side by side
| BBW (Build-A-Bear Workshop, Inc.) | INCR (Intercure Ltd.) | |
|---|---|---|
| 1-year return | -50.4% | +248.5% |
| 5-year return | +86.4% | -10.0% |
| Volatility (ann.) | 48.4% | 333.4% |
| Beta vs S&P 500 | 0.89 | 1.08 |
| Max drawdown (3Y) | -61.7% | -79.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBW | INCR |
|---|---|---|
| 2022 | +22.1% | -49.1% |
| 2023 | +2.8% | -60.9% |
| 2024 | +105.6% | +23.3% |
| 2025 | +35.4% | -42.8% |
| 2026 | -53.0% | +524.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBW and INCR good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBW and INCR?
The BBW/INCR correlation stands at -0.31 on a 3-year window (1 year: -0.48, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is INCR a good diversifier for BBW?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbw-vs-incr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbw-vs-incr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBW correlations · INCR correlations
