BEAM vs RMNI: Correlation
How closely do Beam Therapeutics Inc. (BEAM) and Rimini Street, Inc. (RMNI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and RMNI?
Over the past 3 years, BEAM and RMNI moved with a correlation of 0.42, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1841.7 %².
Within BEAM's tracked universe of 20 assets, RMNI comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BEAM outperformed by 53.2 percentage points (+80.8% for BEAM against +27.6% for RMNI).
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 RMNI: side by side
| BEAM (Beam Therapeutics Inc.) | RMNI (Rimini Street, Inc.) | |
|---|---|---|
| 1-year return | +80.8% | +27.6% |
| 5-year return | -71.5% | -42.9% |
| Volatility (ann.) | 72.6% | 59.7% |
| Beta vs S&P 500 | 2.39 | 1.19 |
| Max drawdown (3Y) | -67.7% | -53.5% |
| Market cap | $3.1B | $0.5B |
| P/E (trailing) | – | 76.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAM | RMNI |
|---|---|---|
| 2022 | -50.9% | -36.2% |
| 2023 | -30.4% | -14.2% |
| 2024 | -8.9% | -18.3% |
| 2025 | +11.8% | +45.3% |
| 2026 | +10.0% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and RMNI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BEAM and RMNI?
As of 2026-08-27, the correlation of weekly returns between BEAM and RMNI is 0.42 over 3 years, 0.43 over 1 year and 0.33 over 5 years.
Is RMNI a good diversifier for BEAM?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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: BEAM correlations · RMNI correlations
