BHST vs TBCH: Correlation
Measured on weekly returns over the past three years, BioHarvest Sciences Inc. (BHST) and Turtle Beach Corporation (TBCH) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHST and TBCH?
Over the past 3 years, BHST and TBCH moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 1261.4 %².
By 3-year correlation, TBCH places #4 of the 10 assets tracked against BHST. Their recent paths diverged sharply: over the last 12 months TBCH outperformed by 61.4 percentage points (-78.0% for BHST against -16.6% for TBCH).
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.
BHST vs TBCH: side by side
| BHST (BioHarvest Sciences Inc.) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | -78.0% | -16.6% |
| 5-year return | -83.4% | -55.7% |
| Volatility (ann.) | 61.8% | 57.8% |
| Beta vs S&P 500 | 0.85 | 2.21 |
| Max drawdown (3Y) | -85.4% | -51.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHST | TBCH |
|---|---|---|
| 2022 | -39.4% | -67.8% |
| 2023 | -27.5% | +52.7% |
| 2024 | +11.8% | +58.1% |
| 2025 | -16.0% | -18.9% |
| 2026 | -64.4% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHST and TBCH good diversifiers for each other?
Reasonably. At 0.35, BHST and TBCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BHST and TBCH?
The BHST/TBCH correlation stands at 0.35 on a 3-year window (1 year: 0.28, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is TBCH a good diversifier for BHST?
Reasonably. At 0.35, BHST and TBCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/bhst-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhst-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHST correlations · TBCH correlations
