AHT vs BEAM: Correlation
Measured on weekly returns over the past three years, Ashford Hospitality Trust Inc (AHT) and Beam Therapeutics Inc. (BEAM) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHT and BEAM?
On 3 years of weekly data the AHT/BEAM correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.41). The 5-year figure is 0.42, and annualized covariance runs at 2004.7 %².
BEAM is one of the assets that tracks AHT most closely: it ranks #2 out of the 11 assets we track against AHT. Their recent paths diverged sharply: over the last 12 months BEAM outperformed by 126.2 percentage points (-45.4% for AHT against +80.8% for BEAM).
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.
AHT vs BEAM: side by side
| AHT (Ashford Hospitality Trust Inc) | BEAM (Beam Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -45.4% | +80.8% |
| 5-year return | -97.7% | -71.5% |
| Volatility (ann.) | 67.7% | 72.6% |
| Beta vs S&P 500 | 1.08 | 2.39 |
| Max drawdown (3Y) | -91.5% | -67.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHT | BEAM |
|---|---|---|
| 2022 | -53.4% | -50.9% |
| 2023 | -56.6% | -30.4% |
| 2024 | -62.9% | -8.9% |
| 2025 | -40.8% | +11.8% |
| 2026 | -21.6% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHT and BEAM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AHT and BEAM?
The AHT/BEAM correlation stands at 0.41 on a 3-year window (1 year: 0.23, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is BEAM a good diversifier for AHT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AHT correlations · BEAM correlations
