BCG vs SGA: Correlation
How closely do Binah Capital Group, Inc. (BCG) and Saga Communications, Inc. (SGA) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCG and SGA?
Across a 3-year window, the weekly returns of BCG and SGA correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.24 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -805.4 %².
Among the 16 assets we track against BCG, SGA sits near the bottom by co-movement, at rank #12. Their 12-month results are close: -26.0% for BCG against -23.3% for SGA. Note the risk asymmetry: BCG runs 3.8 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.
BCG vs SGA: side by side
| BCG (Binah Capital Group, Inc.) | SGA (Saga Communications, Inc.) | |
|---|---|---|
| 1-year return | -26.0% | -23.3% |
| 5-year return | n/a | -34.9% |
| Volatility (ann.) | 116.2% | 30.7% |
| Beta vs S&P 500 | 0.48 | 0.43 |
| Max drawdown (3Y) | -89.9% | -58.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.00% | 10.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCG | SGA |
|---|---|---|
| 2022 | – | +16.8% |
| 2023 | – | +6.8% |
| 2024 | – | -45.9% |
| 2025 | -2.0% | +12.4% |
| 2026 | -49.7% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCG and SGA good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCG and SGA?
As of 2026-08-27, the correlation of weekly returns between BCG and SGA is -0.24 over 3 years, 0.06 over 1 year and n/a over 5 years.
Is SGA a good diversifier for BCG?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BCG correlations · SGA correlations
