BIAF vs INCR: Correlation
How closely do bioAffinity Technologies, Inc. (BIAF) and Intercure Ltd. (INCR) trade together? Their weekly returns over three years give a correlation of 0.95, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIAF and INCR?
On 3 years of weekly data the BIAF/INCR correlation comes out at 0.95, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.98 lands near the 3-year figure. The 5-year figure is 0.95, and annualized covariance runs at 219841.0 %².
In BIAF's tracked universe of 24 assets, INCR sits right near the top at #3. Correlation aside, the last 12 months split them widely, with INCR ahead by 280.5 points (-32.0% versus +248.5%). Risk is not evenly split, since BIAF carries 2.1 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 INCR: side by side
| BIAF (bioAffinity Technologies, Inc.) | INCR (Intercure Ltd.) | |
|---|---|---|
| 1-year return | -32.0% | +248.5% |
| 5-year return | n/a | -10.0% |
| Volatility (ann.) | 691.4% | 333.4% |
| Beta vs S&P 500 | -2.10 | 1.08 |
| Max drawdown (3Y) | -99.6% | -79.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIAF | INCR |
|---|---|---|
| 2022 | – | -49.1% |
| 2023 | -8.1% | -60.9% |
| 2024 | -38.1% | +23.3% |
| 2025 | -95.7% | -42.8% |
| 2026 | +328.8% | +524.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIAF and INCR good diversifiers for each other?
No: a correlation of 0.95 means BIAF and INCR tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BIAF and INCR?
The BIAF/INCR correlation stands at 0.95 on a 3-year window (1 year: 0.98, 5 years: 0.95), computed from weekly returns as of 2026-08-27.
Is INCR a good diversifier for BIAF?
No: a correlation of 0.95 means BIAF and INCR tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.95 mean?
A reading of 0.95 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-incr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/biaf-vs-incr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIAF correlations · INCR correlations
