BFRI vs NIKI: Correlation
Biofrontera Inc. (BFRI) and Niki BioSolutions, Inc. (NIKI) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFRI and NIKI?
Across a 3-year window, the weekly returns of BFRI and NIKI correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.22 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 6665.9 %².
Within BFRI's tracked universe of 10 assets, NIKI comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BFRI ahead by 139.8 points (+73.3% versus -66.5%). Note the risk asymmetry: NIKI runs 2.5 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.
BFRI vs NIKI: side by side
| BFRI (Biofrontera Inc.) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | +73.3% | -66.5% |
| 5-year return | -98.3% | -97.1% |
| Volatility (ann.) | 92.3% | 227.3% |
| Beta vs S&P 500 | 0.66 | 0.93 |
| Max drawdown (3Y) | -93.9% | -94.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFRI | NIKI |
|---|---|---|
| 2022 | -87.8% | -63.3% |
| 2023 | -84.9% | -55.5% |
| 2024 | -60.6% | +14.3% |
| 2025 | -47.7% | -62.1% |
| 2026 | +161.4% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFRI and NIKI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BFRI and NIKI?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.22 over the last year and 0.17 over 5 years.
Is NIKI a good diversifier for BFRI?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/bfri-vs-niki.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BFRI correlations · NIKI correlations
