BIAF vs SKYE: Correlation
Measured on weekly returns over the past three years, bioAffinity Technologies, Inc. (BIAF) and Skye Bioscience, Inc. (SKYE) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIAF and SKYE?
Over the past 3 years, BIAF and SKYE moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. The link has tightened recently: the 1-year correlation (0.97) runs above the 3-year figure (0.86). Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 229885.5 %².
By 3-year correlation, SKYE places #6 of the 24 assets tracked against BIAF. Over the last 12 months BIAF came out ahead by 11.6 percentage points (-32.0% against -43.6%). One caveat on sizing: BIAF is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SKYE: side by side
| BIAF (bioAffinity Technologies, Inc.) | SKYE (Skye Bioscience, Inc.) | |
|---|---|---|
| 1-year return | -32.0% | -43.6% |
| 5-year return | n/a | -94.3% |
| Volatility (ann.) | 691.4% | 384.6% |
| Beta vs S&P 500 | -2.10 | 2.80 |
| Max drawdown (3Y) | -99.6% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIAF | SKYE |
|---|---|---|
| 2022 | – | -69.2% |
| 2023 | -8.1% | -32.0% |
| 2024 | -38.1% | +4.0% |
| 2025 | -95.7% | -73.5% |
| 2026 | +328.8% | +160.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIAF and SKYE good diversifiers for each other?
No. With a correlation of 0.86, BIAF and SKYE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BIAF and SKYE?
As of 2026-08-27, the correlation of weekly returns between BIAF and SKYE is 0.86 over 3 years, 0.97 over 1 year and 0.85 over 5 years.
Is SKYE a good diversifier for BIAF?
No. With a correlation of 0.86, BIAF and SKYE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
A reading of 0.86 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-skye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/biaf-vs-skye/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIAF correlations · SKYE correlations
