BEEM vs NTLA: Correlation
Measured on weekly returns over the past three years, Beam Global (BEEM) and Intellia Therapeutics, Inc. (NTLA) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEM and NTLA?
Across a 3-year window, the weekly returns of BEEM and NTLA correlate at 0.42, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.42). Stretching to 5 years gives 0.38, with an annualized covariance of 2616.1 %².
Among the 11 assets we track against BEEM, NTLA ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NTLA ahead by 59.1 points (-44.3% versus +14.8%).
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 NTLA: side by side
| BEEM (Beam Global) | NTLA (Intellia Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -44.3% | +14.8% |
| 5-year return | -94.6% | -91.5% |
| Volatility (ann.) | 76.4% | 82.2% |
| Beta vs S&P 500 | 1.25 | 2.32 |
| Max drawdown (3Y) | -88.9% | -83.6% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEEM | NTLA |
|---|---|---|
| 2022 | -6.1% | -70.5% |
| 2023 | -59.4% | -12.6% |
| 2024 | -55.3% | -61.8% |
| 2025 | -52.7% | -22.9% |
| 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 NTLA good diversifiers for each other?
Reasonably. At 0.42, BEEM and NTLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BEEM and NTLA?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.59 over the last year and 0.38 over 5 years.
Is NTLA a good diversifier for BEEM?
Reasonably. At 0.42, BEEM and NTLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: BEEM correlations · NTLA correlations
