BSIN vs INDO: Correlation
How closely do Big Sky Industrial Inc. (BSIN) and Indonesia Energy Corporation Limited (INDO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSIN and INDO?
Across a 3-year window, the weekly returns of BSIN and INDO correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.50 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 4054.9 %².
Few assets follow BSIN as closely as INDO, which ranks #3 of 13 tracked partners. The last year tells two different stories: BSIN led by 29.4 percentage points, +28.0% for BSIN against -1.4% for INDO.
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.
BSIN vs INDO: side by side
| BSIN (Big Sky Industrial Inc.) | INDO (Indonesia Energy Corporation Limited) | |
|---|---|---|
| 1-year return | +28.0% | -1.4% |
| 5-year return | -60.2% | -43.5% |
| Volatility (ann.) | 75.7% | 108.1% |
| Beta vs S&P 500 | 0.30 | -0.65 |
| Max drawdown (3Y) | -81.8% | -65.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSIN | INDO |
|---|---|---|
| 2022 | -28.2% | +66.4% |
| 2023 | -55.3% | -41.8% |
| 2024 | +63.0% | +2.6% |
| 2025 | -43.6% | +5.4% |
| 2026 | +64.1% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSIN and INDO good diversifiers for each other?
Only partially. A correlation of 0.50 means BSIN and INDO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BSIN and INDO?
The BSIN/INDO correlation stands at 0.50 on a 3-year window (1 year: 0.35, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is INDO a good diversifier for BSIN?
Only partially. A correlation of 0.50 means BSIN and INDO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bsin-vs-indo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bsin-vs-indo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSIN correlations · INDO correlations
