BTE vs VALU: Correlation
How closely do Baytex Energy Corp (BTE) and Value Line, Inc. (VALU) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTE and VALU?
On 3 years of weekly data the BTE/VALU correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -468.3 %².
Out of 12 assets tracked against BTE, VALU lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with BTE ahead by 122.1 points (+122.8% versus +0.7%).
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.
BTE vs VALU: side by side
| BTE (Baytex Energy Corp) | VALU (Value Line, Inc.) | |
|---|---|---|
| 1-year return | +122.8% | +0.7% |
| 5-year return | +194.4% | +11.4% |
| Volatility (ann.) | 45.7% | 39.5% |
| Beta vs S&P 500 | 0.38 | 0.29 |
| Max drawdown (3Y) | -66.7% | -40.3% |
| Market cap | $3.4B | $0.3B |
| P/E (trailing) | – | 16.1 |
| Dividend yield | 1.92% | 3.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTE | VALU |
|---|---|---|
| 2022 | +46.0% | +10.3% |
| 2023 | -25.7% | -1.9% |
| 2024 | -20.6% | +11.3% |
| 2025 | +27.3% | -24.9% |
| 2026 | +50.3% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTE and VALU good diversifiers for each other?
Yes. With a correlation of -0.26, BTE and VALU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTE and VALU?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.23 over the last year and -0.03 over 5 years.
Is VALU a good diversifier for BTE?
Yes. With a correlation of -0.26, BTE and VALU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BTE correlations · VALU correlations
