BIAF vs DY: Correlation
How closely do bioAffinity Technologies, Inc. (BIAF) and Dycom Industries, Inc. (DY) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIAF and DY?
On 3 years of weekly data the BIAF/DY correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.30 over 3 years. The 5-year figure is -0.26, and annualized covariance runs at -9009.2 %².
Among the 24 assets we track against BIAF, DY sits near the bottom by co-movement, at rank #20. Their recent paths diverged sharply: over the last 12 months DY outperformed by 52.5 percentage points (-32.0% for BIAF against +20.5% for DY). Note the risk asymmetry: BIAF runs 15.9 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.
BIAF vs DY: side by side
| BIAF (bioAffinity Technologies, Inc.) | DY (Dycom Industries, Inc.) | |
|---|---|---|
| 1-year return | -32.0% | +20.5% |
| 5-year return | n/a | +304.3% |
| Volatility (ann.) | 691.4% | 43.4% |
| Beta vs S&P 500 | -2.10 | 0.97 |
| Max drawdown (3Y) | -99.6% | -42.4% |
| Market cap | – | $9.3B |
| P/E (trailing) | – | 28.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIAF | DY |
|---|---|---|
| 2022 | – | -0.2% |
| 2023 | -8.1% | +23.0% |
| 2024 | -38.1% | +51.2% |
| 2025 | -95.7% | +94.1% |
| 2026 | +328.8% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIAF and DY good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BIAF and DY?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.45 over the last year and -0.26 over 5 years.
Is DY a good diversifier for BIAF?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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.
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Related comparisons
Hubs: BIAF correlations · DY correlations
