BBW vs SKYE: Correlation
Measured on weekly returns over the past three years, Build-A-Bear Workshop, Inc. (BBW) and Skye Bioscience, Inc. (SKYE) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBW and SKYE?
Over the past 3 years, BBW and SKYE moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.27). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -4975.3 %².
Among the 16 assets we track against BBW, SKYE ranks #11 by 3-year correlation. On 12-month performance SKYE holds a 6.8-point edge, -50.4% against -43.6%. Risk is not evenly split, since SKYE carries 7.9 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.
BBW vs SKYE: side by side
| BBW (Build-A-Bear Workshop, Inc.) | SKYE (Skye Bioscience, Inc.) | |
|---|---|---|
| 1-year return | -50.4% | -43.6% |
| 5-year return | +86.4% | -94.3% |
| Volatility (ann.) | 48.4% | 384.6% |
| Beta vs S&P 500 | 0.89 | 2.80 |
| Max drawdown (3Y) | -61.7% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | 9.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBW | SKYE |
|---|---|---|
| 2022 | +22.1% | -69.2% |
| 2023 | +2.8% | -32.0% |
| 2024 | +105.6% | +4.0% |
| 2025 | +35.4% | -73.5% |
| 2026 | -53.0% | +160.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBW and SKYE good diversifiers for each other?
Yes. With a correlation of -0.27, BBW and SKYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBW and SKYE?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.45 over the last year and -0.19 over 5 years.
Is SKYE a good diversifier for BBW?
Yes. With a correlation of -0.27, BBW and SKYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/bbw-vs-skye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbw-vs-skye/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBW correlations · SKYE correlations
