ALB vs BNC: Correlation
How closely do Albemarle Corporation (ALB) and CEA Industries Inc. (BNC) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and BNC?
Across a 3-year window, the weekly returns of ALB and BNC correlate at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -1016.4 %².
By 3-year correlation, BNC places #31 of the 36 assets tracked against ALB. Correlation aside, the last 12 months split them widely, with ALB ahead by 143.0 points (+56.9% versus -86.1%). One caveat on sizing: BNC is 2.2 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.
ALB vs BNC: side by side
| ALB (Albemarle Corporation) | BNC (CEA Industries Inc.) | |
|---|---|---|
| 1-year return | +56.9% | -86.1% |
| 5-year return | -39.2% | -97.4% |
| Volatility (ann.) | 54.3% | 120.4% |
| Beta vs S&P 500 | 1.62 | -0.47 |
| Max drawdown (3Y) | -74.1% | -96.5% |
| Market cap | $16.0B | $0.1B |
| P/E (trailing) | 502.9 | 0.0 |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | BNC |
|---|---|---|
| 2022 | -6.6% | -82.5% |
| 2023 | -32.8% | -34.9% |
| 2024 | -39.5% | +23.7% |
| 2025 | +67.7% | -20.9% |
| 2026 | -3.5% | -53.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and BNC good diversifiers for each other?
Yes. With a correlation of -0.16, ALB and BNC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALB and BNC?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.12 over the last year and -0.07 over 5 years.
Is BNC a good diversifier for ALB?
Yes. With a correlation of -0.16, ALB and BNC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alb-vs-bnc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alb-vs-bnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALB correlations · BNC correlations
