ARTNA vs BCG: Correlation
Artesian Resources Corporation - Class A Non-Voting (ARTNA) and Binah Capital Group, Inc. (BCG) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTNA and BCG?
Across a 3-year window, the weekly returns of ARTNA and BCG correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -655.6 %².
Among the 12 assets we track against ARTNA, BCG sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with ARTNA ahead by 36.6 points (+10.6% versus -26.0%). Risk is not evenly split, since BCG carries 5.1 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.
ARTNA vs BCG: side by side
| ARTNA (Artesian Resources Corporation - Class A Non-Voting) | BCG (Binah Capital Group, Inc.) | |
|---|---|---|
| 1-year return | +10.6% | -26.0% |
| 5-year return | +4.6% | n/a |
| Volatility (ann.) | 22.9% | 116.2% |
| Beta vs S&P 500 | 0.27 | 0.48 |
| Max drawdown (3Y) | -34.3% | -89.9% |
| Market cap | $0.4B | – |
| P/E (trailing) | 15.6 | 14.5 |
| Dividend yield | 3.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTNA | BCG |
|---|---|---|
| 2022 | +29.3% | – |
| 2023 | -27.6% | – |
| 2024 | -21.2% | – |
| 2025 | +3.8% | -2.0% |
| 2026 | +15.0% | -49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTNA and BCG good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARTNA and BCG?
As of 2026-08-27, the correlation of weekly returns between ARTNA and BCG is -0.25 over 3 years, -0.30 over 1 year and n/a over 5 years.
Is BCG a good diversifier for ARTNA?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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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Hubs: ARTNA correlations · BCG correlations
