KBR vs PARA: Correlation
How closely do KBR, Inc. (KBR) and Banzai International, Inc. (PARA) 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 KBR and PARA?
On 3 years of weekly data the KBR/PARA correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -878.5 %².
Among the 20 assets we track against KBR, PARA sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months KBR outperformed by 73.4 percentage points (-24.8% for KBR against -98.2% for PARA). One caveat on sizing: PARA is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KBR vs PARA: side by side
| KBR (KBR, Inc.) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | -24.8% | -98.2% |
| 5-year return | +4.0% | -100.0% |
| Volatility (ann.) | 29.9% | 114.5% |
| Beta vs S&P 500 | 0.62 | -0.02 |
| Max drawdown (3Y) | -57.4% | -100.0% |
| Market cap | $4.8B | – |
| P/E (trailing) | 11.5 | 0.1 |
| Dividend yield | 1.74% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KBR | PARA |
|---|---|---|
| 2022 | +11.9% | +3.7% |
| 2023 | +5.9% | -81.4% |
| 2024 | +5.6% | -98.4% |
| 2025 | -29.7% | -93.7% |
| 2026 | -4.1% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBR and PARA good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KBR and PARA?
As of 2026-08-27, the correlation of weekly returns between KBR and PARA is -0.26 over 3 years, -0.34 over 1 year and -0.18 over 5 years.
Is PARA a good diversifier for KBR?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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
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Related comparisons
Hubs: KBR correlations · PARA correlations
