BJ vs LINK: Correlation
Measured on weekly returns over the past three years, BJ's Wholesale Club Holdings, Inc. (BJ) and Interlink Electronics, Inc. (LINK) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and LINK?
Across a 3-year window, the weekly returns of BJ and LINK correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.29 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -616.2 %².
Out of 43 assets tracked against BJ, LINK lands near the bottom at #41. The trailing year gives LINK the advantage: -6.9% versus -1.5%, a 5.4-point spread. Note the risk asymmetry: LINK runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BJ vs LINK: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | LINK (Interlink Electronics, Inc.) | |
|---|---|---|
| 1-year return | -6.9% | -1.5% |
| 5-year return | +59.5% | +17.2% |
| Volatility (ann.) | 26.4% | 81.3% |
| Beta vs S&P 500 | -0.14 | 1.01 |
| Max drawdown (3Y) | -30.1% | -71.3% |
| Market cap | $11.4B | $0.1B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJ | LINK |
|---|---|---|
| 2022 | -1.2% | -15.7% |
| 2023 | +0.8% | +56.5% |
| 2024 | +34.0% | -26.8% |
| 2025 | +0.8% | -6.7% |
| 2026 | +0.5% | +34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and LINK good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJ and LINK?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.45 over the last year and -0.24 over 5 years.
Is LINK a good diversifier for BJ?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BJ correlations · LINK correlations
