BEEM vs JOBY: Correlation
Beam Global (BEEM) and Joby Aviation, Inc. (JOBY) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEM and JOBY?
On 3 years of weekly data the BEEM/JOBY correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.45). The 5-year figure is 0.34, and annualized covariance runs at 2423.3 %².
Within BEEM's tracked universe of 11 assets, JOBY comes in at #4 by 3-year correlation. On 12-month performance BEEM holds a 6.1-point edge, -44.3% against -50.4%.
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 JOBY: side by side
| BEEM (Beam Global) | JOBY (Joby Aviation, Inc.) | |
|---|---|---|
| 1-year return | -44.3% | -50.4% |
| 5-year return | -94.6% | -43.1% |
| Volatility (ann.) | 76.4% | 70.2% |
| Beta vs S&P 500 | 1.25 | 2.37 |
| Max drawdown (3Y) | -88.9% | -67.4% |
| Market cap | – | $7.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEEM | JOBY |
|---|---|---|
| 2022 | -6.1% | -54.1% |
| 2023 | -59.4% | +98.5% |
| 2024 | -55.3% | +22.3% |
| 2025 | -52.7% | +62.4% |
| 2026 | +4.0% | -45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEM and JOBY 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 BEEM and JOBY?
The BEEM/JOBY correlation stands at 0.45 on a 3-year window (1 year: 0.33, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is JOBY a good diversifier for BEEM?
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?
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/beem-vs-joby.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beem-vs-joby/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEEM correlations · JOBY correlations
