BSBK vs OMEX: Correlation
Bogota Financial Corp. (BSBK) and Odyssey Marine Exploration, Inc. (OMEX) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSBK and OMEX?
Over the past 3 years, BSBK and OMEX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -669.2 %².
Among the 14 assets we track against BSBK, OMEX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months BSBK outperformed by 51.9 percentage points (-1.1% for BSBK against -53.0% for OMEX). Risk is not evenly split, since OMEX carries 7.2 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 OMEX: side by side
| BSBK (Bogota Financial Corp.) | OMEX (Odyssey Marine Exploration, Inc.) | |
|---|---|---|
| 1-year return | -1.1% | -53.0% |
| 5-year return | -12.7% | -83.6% |
| Volatility (ann.) | 21.2% | 152.5% |
| Beta vs S&P 500 | 0.12 | 2.12 |
| Max drawdown (3Y) | -21.6% | -94.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 43.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSBK | OMEX |
|---|---|---|
| 2022 | +9.8% | -25.4% |
| 2023 | -28.0% | +19.8% |
| 2024 | -6.8% | -84.5% |
| 2025 | +12.7% | +172.2% |
| 2026 | +7.9% | -54.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSBK and OMEX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BSBK and OMEX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.20 over the last year and -0.18 over 5 years.
Is OMEX a good diversifier for BSBK?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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-omex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsbk-vs-omex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSBK correlations · OMEX correlations
