ATEX vs BESS: Correlation
How closely do Anterix Inc. (ATEX) and Bimergen Energy Corporation (BESS) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEX and BESS?
Across a 3-year window, the weekly returns of ATEX and BESS correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (-0.16) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.40, with an annualized covariance of 133544.1 %².
BESS is one of the assets that tracks ATEX most closely: it ranks #1 out of the 11 assets we track against ATEX. The last year tells two different stories: ATEX led by 350.9 percentage points, +300.5% for ATEX against -50.4% for BESS. Note the risk asymmetry: BESS runs 88.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ATEX vs BESS: side by side
| ATEX (Anterix Inc.) | BESS (Bimergen Energy Corporation) | |
|---|---|---|
| 1-year return | +300.5% | -50.4% |
| 5-year return | +66.1% | -87.7% |
| Volatility (ann.) | 57.8% | 5140.2% |
| Beta vs S&P 500 | 0.47 | 17.01 |
| Max drawdown (3Y) | -57.3% | -99.5% |
| Market cap | $1.9B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEX | BESS |
|---|---|---|
| 2022 | -45.3% | -30.0% |
| 2023 | +3.6% | -14.3% |
| 2024 | -8.0% | +16.7% |
| 2025 | -28.8% | +7.1% |
| 2026 | +333.7% | -70.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEX and BESS good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATEX and BESS?
As of 2026-08-27, the correlation of weekly returns between ATEX and BESS is 0.45 over 3 years, -0.16 over 1 year and 0.40 over 5 years.
Is BESS a good diversifier for ATEX?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
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Related comparisons
Hubs: ATEX correlations · BESS correlations
