AREN vs BCG: Correlation
Measured on weekly returns over the past three years, The Arena Group Holdings, Inc. (AREN) and Binah Capital Group, Inc. (BCG) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREN and BCG?
On 3 years of weekly data the AREN/BCG correlation comes out at 0.39, moderate. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.39). The 5-year figure is n/a, and annualized covariance runs at 7321.5 %².
By 3-year correlation, BCG places #6 of the 22 assets tracked against AREN. Their recent paths diverged sharply: over the last 12 months BCG outperformed by 58.8 percentage points (-84.8% for AREN against -26.0% for BCG).
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.
AREN vs BCG: side by side
| AREN (The Arena Group Holdings, Inc.) | BCG (Binah Capital Group, Inc.) | |
|---|---|---|
| 1-year return | -84.8% | -26.0% |
| 5-year return | -93.0% | n/a |
| Volatility (ann.) | 157.6% | 116.2% |
| Beta vs S&P 500 | 0.49 | 0.48 |
| Max drawdown (3Y) | -91.7% | -89.9% |
| Market cap | – | – |
| P/E (trailing) | 4.9 | 14.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AREN | BCG |
|---|---|---|
| 2022 | -24.6% | – |
| 2023 | -77.6% | – |
| 2024 | -43.7% | – |
| 2025 | +198.5% | -2.0% |
| 2026 | -76.5% | -49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREN and BCG good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AREN and BCG?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is BCG a good diversifier for AREN?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/aren-vs-bcg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aren-vs-bcg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AREN correlations · BCG correlations
