BIAF vs IESC: Correlation
Measured on weekly returns over the past three years, bioAffinity Technologies, Inc. (BIAF) and IES Holdings, Inc. (IESC) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIAF and IESC?
On 3 years of weekly data the BIAF/IESC correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.66 versus -0.43 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -20418.7 %².
Among the 24 assets we track against BIAF, IESC sits near the bottom by co-movement, at rank #24. Their recent paths diverged sharply: over the last 12 months IESC outperformed by 25.8 percentage points (-32.0% for BIAF against -6.2% for IESC). Risk is not evenly split, since BIAF carries 10.1 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 IESC: side by side
| BIAF (bioAffinity Technologies, Inc.) | IESC (IES Holdings, Inc.) | |
|---|---|---|
| 1-year return | -32.0% | -6.2% |
| 5-year return | n/a | +580.8% |
| Volatility (ann.) | 691.4% | 68.3% |
| Beta vs S&P 500 | -2.10 | 1.67 |
| Max drawdown (3Y) | -99.6% | -60.5% |
| Market cap | – | $13.3B |
| P/E (trailing) | – | 29.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIAF | IESC |
|---|---|---|
| 2022 | – | -29.8% |
| 2023 | -8.1% | +122.7% |
| 2024 | -38.1% | +153.7% |
| 2025 | -95.7% | +93.6% |
| 2026 | +328.8% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIAF and IESC good diversifiers for each other?
Yes. With a correlation of -0.43, BIAF and IESC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BIAF and IESC?
The BIAF/IESC correlation stands at -0.43 on a 3-year window (1 year: -0.66, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is IESC a good diversifier for BIAF?
Yes. With a correlation of -0.43, BIAF and IESC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
A reading of -0.43 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/biaf-vs-iesc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/biaf-vs-iesc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BIAF correlations · IESC correlations
