BHC vs BSBK: Correlation
Measured on weekly returns over the past three years, Bausch Health Companies Inc. (BHC) and Bogota Financial Corp. (BSBK) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHC and BSBK?
Across a 3-year window, the weekly returns of BHC and BSBK correlate at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.33 over 3 years. Stretching to 5 years gives 0.21, with an annualized covariance of 468.3 %².
By 3-year correlation, BSBK places #6 of the 11 assets tracked against BHC. On 12-month performance BSBK holds a 12.2-point edge, -13.3% against -1.1%. Risk is not evenly split, since BHC carries 3.2 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.
BHC vs BSBK: side by side
| BHC (Bausch Health Companies Inc.) | BSBK (Bogota Financial Corp.) | |
|---|---|---|
| 1-year return | -13.3% | -1.1% |
| 5-year return | -78.4% | -12.7% |
| Volatility (ann.) | 67.6% | 21.2% |
| Beta vs S&P 500 | 0.94 | 0.12 |
| Max drawdown (3Y) | -59.3% | -21.6% |
| Market cap | $2.4B | $0.1B |
| P/E (trailing) | – | 43.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHC | BSBK |
|---|---|---|
| 2022 | -77.3% | +9.8% |
| 2023 | +27.7% | -28.0% |
| 2024 | +0.5% | -6.8% |
| 2025 | -13.8% | +12.7% |
| 2026 | -9.4% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHC and BSBK good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BHC and BSBK?
As of 2026-08-27, the correlation of weekly returns between BHC and BSBK is 0.33 over 3 years, 0.17 over 1 year and 0.21 over 5 years.
Is BSBK a good diversifier for BHC?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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/bhc-vs-bsbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhc-vs-bsbk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHC correlations · BSBK correlations
