BIOX vs LBTYB: Correlation
Measured on weekly returns over the past three years, Bioceres Crop Solutions Corp. (BIOX) and Liberty Global Ltd. - Class B (LBTYB) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIOX and LBTYB?
Across a 3-year window, the weekly returns of BIOX and LBTYB correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.19, with an annualized covariance of -929.0 %².
LBTYB is close to the least connected end of BIOX's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with LBTYB ahead by 95.5 points (-85.0% versus +10.5%).
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.
BIOX vs LBTYB: side by side
| BIOX (Bioceres Crop Solutions Corp.) | LBTYB (Liberty Global Ltd. - Class B) | |
|---|---|---|
| 1-year return | -85.0% | +10.5% |
| 5-year return | -97.0% | -55.0% |
| Volatility (ann.) | 67.6% | 57.5% |
| Beta vs S&P 500 | 0.97 | 0.32 |
| Max drawdown (3Y) | -97.7% | -58.2% |
| Market cap | – | $4.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIOX | LBTYB |
|---|---|---|
| 2022 | -14.9% | -32.5% |
| 2023 | +14.1% | -6.3% |
| 2024 | -55.7% | -27.3% |
| 2025 | -78.5% | -8.7% |
| 2026 | -69.2% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIOX and LBTYB 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 BIOX and LBTYB?
The BIOX/LBTYB correlation stands at -0.24 on a 3-year window (1 year: -0.35, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is LBTYB a good diversifier for BIOX?
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?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: BIOX correlations · LBTYB correlations
