BEEM vs OPEN: Correlation
Measured on weekly returns over the past three years, Beam Global (BEEM) and Opendoor Technologies Inc (OPEN) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEM and OPEN?
On 3 years of weekly data the BEEM/OPEN correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.46). The 5-year figure is 0.40, and annualized covariance runs at 5117.0 %².
OPEN is one of the assets that tracks BEEM most closely: it ranks #2 out of the 11 assets we track against BEEM. The last year tells two different stories: OPEN led by 28.4 percentage points, -44.3% for BEEM against -15.9% for OPEN. Note the risk asymmetry: OPEN runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 OPEN: side by side
| BEEM (Beam Global) | OPEN (Opendoor Technologies Inc) | |
|---|---|---|
| 1-year return | -44.3% | -15.9% |
| 5-year return | -94.6% | -80.8% |
| Volatility (ann.) | 76.4% | 145.6% |
| Beta vs S&P 500 | 1.25 | 2.46 |
| Max drawdown (3Y) | -88.9% | -89.2% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEEM | OPEN |
|---|---|---|
| 2022 | -6.1% | -92.1% |
| 2023 | -59.4% | +286.2% |
| 2024 | -55.3% | -64.3% |
| 2025 | -52.7% | +264.4% |
| 2026 | +4.0% | -42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEM and OPEN good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BEEM and OPEN?
As of 2026-08-27, the correlation of weekly returns between BEEM and OPEN is 0.46 over 3 years, 0.02 over 1 year and 0.40 over 5 years.
Is OPEN a good diversifier for BEEM?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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-open.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beem-vs-open/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BEEM correlations · OPEN correlations
