BSBK vs NEON: Correlation
How closely do Bogota Financial Corp. (BSBK) and Neonode Inc. (NEON) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSBK and NEON?
Across a 3-year window, the weekly returns of BSBK and NEON correlate at 0.32, moderate. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.32). Stretching to 5 years gives 0.23, with an annualized covariance of 797.3 %².
Among the 14 assets we track against BSBK, NEON ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BSBK outperformed by 95.1 percentage points (-1.1% for BSBK against -96.2% for NEON). Risk is not evenly split, since NEON carries 5.6 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.
BSBK vs NEON: side by side
| BSBK (Bogota Financial Corp.) | NEON (Neonode Inc.) | |
|---|---|---|
| 1-year return | -1.1% | -96.2% |
| 5-year return | -12.7% | -82.6% |
| Volatility (ann.) | 21.2% | 119.0% |
| Beta vs S&P 500 | 0.12 | 1.95 |
| Max drawdown (3Y) | -21.6% | -97.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 43.4 | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSBK | NEON |
|---|---|---|
| 2022 | +9.8% | -37.9% |
| 2023 | -28.0% | -58.4% |
| 2024 | -6.8% | +259.4% |
| 2025 | +12.7% | -78.9% |
| 2026 | +7.9% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSBK and NEON good diversifiers for each other?
Reasonably. At 0.32, BSBK and NEON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BSBK and NEON?
As of 2026-08-27, the correlation of weekly returns between BSBK and NEON is 0.32 over 3 years, -0.04 over 1 year and 0.23 over 5 years.
Is NEON a good diversifier for BSBK?
Reasonably. At 0.32, BSBK and NEON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/bsbk-vs-neon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bsbk-vs-neon/)
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Related comparisons
Hubs: BSBK correlations · NEON correlations
