AGIG vs BRN: Correlation
Abundia Global Impact Group Inc. (AGIG) and Barnwell Industries, Inc. (BRN) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and BRN?
Over the past 3 years, AGIG and BRN moved with a correlation of 0.51, which is moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.51). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 4224.2 %².
By 3-year correlation, BRN places #5 of the 34 assets tracked against AGIG. Their recent paths diverged sharply: over the last 12 months BRN outperformed by 69.6 percentage points (-88.7% for AGIG against -19.1% for BRN). Risk is not evenly split, since AGIG carries 3.0 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.
AGIG vs BRN: side by side
| AGIG (Abundia Global Impact Group Inc.) | BRN (Barnwell Industries, Inc.) | |
|---|---|---|
| 1-year return | -88.7% | -19.1% |
| 5-year return | -94.6% | -58.9% |
| Volatility (ann.) | 157.1% | 53.1% |
| Beta vs S&P 500 | -0.21 | -0.22 |
| Max drawdown (3Y) | -96.7% | -68.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | BRN |
|---|---|---|
| 2022 | +140.6% | +2.8% |
| 2023 | -48.0% | -16.5% |
| 2024 | -27.9% | -37.9% |
| 2025 | -84.7% | -26.5% |
| 2026 | -51.0% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and BRN good diversifiers for each other?
Only partially. A correlation of 0.51 means AGIG and BRN 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 AGIG and BRN?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.18 over the last year and 0.28 over 5 years.
Is BRN a good diversifier for AGIG?
Only partially. A correlation of 0.51 means AGIG and BRN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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
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Related comparisons
Hubs: AGIG correlations · BRN correlations
