BIAF vs HRL: Correlation
bioAffinity Technologies, Inc. (BIAF) and Hormel Foods (HRL) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIAF and HRL?
Over the past 3 years, BIAF and HRL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.24). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -4388.0 %².
Among the 24 assets we track against BIAF, HRL ranks #17 by 3-year correlation. Over the last 12 months HRL came out ahead by 9.2 percentage points (-32.0% against -22.8%). Risk is not evenly split, since BIAF carries 26.5 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.
BIAF vs HRL: side by side
| BIAF (bioAffinity Technologies, Inc.) | HRL (Hormel Foods) | |
|---|---|---|
| 1-year return | -32.0% | -22.8% |
| 5-year return | n/a | -44.3% |
| Volatility (ann.) | 691.4% | 26.1% |
| Beta vs S&P 500 | -2.10 | 0.07 |
| Max drawdown (3Y) | -99.6% | -44.5% |
| Market cap | – | – |
| P/E (trailing) | – | 28.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BIAF | HRL |
|---|---|---|
| 2022 | – | -4.7% |
| 2023 | -8.1% | -27.5% |
| 2024 | -38.1% | +1.2% |
| 2025 | -95.7% | -21.3% |
| 2026 | +328.8% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIAF and HRL good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BIAF and HRL?
The BIAF/HRL correlation stands at -0.24 on a 3-year window (1 year: -0.37, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is HRL a good diversifier for BIAF?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/biaf-vs-hrl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/biaf-vs-hrl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BIAF correlations · HRL correlations
