ATOM vs BWIN: Correlation
Measured on weekly returns over the past three years, Atomera Incorporated (ATOM) and The Baldwin Insurance Group, Inc. (BWIN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATOM and BWIN?
On 3 years of weekly data the ATOM/BWIN correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -1402.3 %².
Out of 12 assets tracked against ATOM, BWIN lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months ATOM outperformed by 37.9 percentage points (+31.9% for ATOM against -6.0% for BWIN). One caveat on sizing: ATOM 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.
ATOM vs BWIN: side by side
| ATOM (Atomera Incorporated) | BWIN (The Baldwin Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | +31.9% | -6.0% |
| 5-year return | -81.4% | -13.5% |
| Volatility (ann.) | 117.4% | 54.6% |
| Beta vs S&P 500 | 1.78 | 0.60 |
| Max drawdown (3Y) | -88.0% | -70.2% |
| Market cap | $0.2B | $2.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATOM | BWIN |
|---|---|---|
| 2022 | -69.1% | -30.4% |
| 2023 | +12.7% | -4.5% |
| 2024 | +65.5% | +61.4% |
| 2025 | -80.9% | -38.0% |
| 2026 | +102.3% | +25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATOM and BWIN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ATOM and BWIN?
The ATOM/BWIN correlation stands at -0.22 on a 3-year window (1 year: -0.31, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is BWIN a good diversifier for ATOM?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atom-vs-bwin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atom-vs-bwin/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATOM correlations · BWIN correlations
