BEAM vs CDZI: Correlation
How closely do Beam Therapeutics Inc. (BEAM) and Cadiz, Inc. (CDZI) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and CDZI?
Across a 3-year window, the weekly returns of BEAM and CDZI correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 1805.8 %².
Out of 20 assets tracked against BEAM, CDZI lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months BEAM outperformed by 72.9 percentage points (+80.8% for BEAM against +7.9% for CDZI).
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.
BEAM vs CDZI: side by side
| BEAM (Beam Therapeutics Inc.) | CDZI (Cadiz, Inc.) | |
|---|---|---|
| 1-year return | +80.8% | +7.9% |
| 5-year return | -71.5% | -70.6% |
| Volatility (ann.) | 72.6% | 61.2% |
| Beta vs S&P 500 | 2.39 | 1.31 |
| Max drawdown (3Y) | -67.7% | -56.9% |
| Market cap | $3.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAM | CDZI |
|---|---|---|
| 2022 | -50.9% | -35.2% |
| 2023 | -30.4% | +12.0% |
| 2024 | -8.9% | +85.7% |
| 2025 | +11.8% | +7.9% |
| 2026 | +10.0% | -29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and CDZI good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BEAM and CDZI?
The BEAM/CDZI correlation stands at 0.41 on a 3-year window (1 year: 0.46, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is CDZI a good diversifier for BEAM?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/beam-vs-cdzi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beam-vs-cdzi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEAM correlations · CDZI correlations
