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BIAF vs GAME: Correlation

How closely do bioAffinity Technologies, Inc. (BIAF) and GameSquare Holdings, Inc. (GAME) trade together? Their weekly returns over three years give a correlation of 0.93, which is very strong.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.93
very strong
Correlation (1Y)
0.98
last 12 months
Correlation (5Y)
0.88
long-run
Ann. covariance
257415.3
%² · weekly, annualized

How correlated are BIAF and GAME?

On 3 years of weekly data the BIAF/GAME correlation comes out at 0.93, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.98 over 1 year against 0.93 over 3. The 5-year figure is 0.88, and annualized covariance runs at 257415.3 %².

Within BIAF's tracked universe of 24 assets, GAME comes in at #4 by 3-year correlation. The last year tells two different stories: GAME led by 339.1 percentage points, -32.0% for BIAF against +307.1% for GAME. Note the risk asymmetry: BIAF runs 1.7 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 GAME: side by side

BIAF (bioAffinity Technologies, Inc.)GAME (GameSquare Holdings, Inc.)
1-year return-32.0%+307.1%
5-year returnn/a-88.4%
Volatility (ann.)691.4%398.8%
Beta vs S&P 500-2.101.64
Max drawdown (3Y)-99.6%-90.7%
Market cap
P/E (trailing)
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: GAME -90.7% vs -99.6%
-94%0%+363%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). BIAF · GAME

Year-by-year returns

YearBIAFGAME
2022-67.8%
2023-8.1%-53.8%
2024-38.1%-54.4%
2025-95.7%-53.3%
2026+328.8%+736.4%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are BIAF and GAME good diversifiers for each other?

No. With a correlation of 0.93, BIAF and GAME move nearly in lockstep, so holding both adds very little diversification.

FAQ

What is the correlation between BIAF and GAME?

The BIAF/GAME correlation stands at 0.93 on a 3-year window (1 year: 0.98, 5 years: 0.88), computed from weekly returns as of 2026-08-27.

Is GAME a good diversifier for BIAF?

No. With a correlation of 0.93, BIAF and GAME move nearly in lockstep, so holding both adds very little diversification.

What does a correlation of 0.93 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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BIAF vs GAME: 3-year weekly correlation 0.93BIAF vs GAME0.93

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Related comparisons

Hubs: BIAF correlations · GAME correlations