BEEM vs CAH: Correlation
Beam Global (BEEM) and Cardinal Health (CAH) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEM and CAH?
Across a 3-year window, the weekly returns of BEEM and CAH correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.23). Stretching to 5 years gives -0.06, with an annualized covariance of -430.7 %².
Out of 11 assets tracked against BEEM, CAH lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with CAH ahead by 103.5 points (-44.3% versus +59.2%). Risk is not evenly split, since BEEM carries 3.2 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.
BEEM vs CAH: side by side
| BEEM (Beam Global) | CAH (Cardinal Health) | |
|---|---|---|
| 1-year return | -44.3% | +59.2% |
| 5-year return | -94.6% | +409.0% |
| Volatility (ann.) | 76.4% | 24.2% |
| Beta vs S&P 500 | 1.25 | 0.31 |
| Max drawdown (3Y) | -88.9% | -20.4% |
| Market cap | – | $54.7B |
| P/E (trailing) | – | 33.0 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BEEM | CAH |
|---|---|---|
| 2022 | -6.1% | +54.1% |
| 2023 | -59.4% | +34.1% |
| 2024 | -55.3% | +19.0% |
| 2025 | -52.7% | +76.3% |
| 2026 | +4.0% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEM and CAH good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BEEM and CAH?
As of 2026-08-27, the correlation of weekly returns between BEEM and CAH is -0.23 over 3 years, -0.35 over 1 year and -0.06 over 5 years.
Is CAH a good diversifier for BEEM?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/beem-vs-cah.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/beem-vs-cah/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEEM correlations · CAH correlations
