BESS vs BL: Correlation
How closely do Bimergen Energy Corporation (BESS) and BlackLine, Inc. (BL) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and BL?
Across a 3-year window, the weekly returns of BESS and BL correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.29 over 3 years. Stretching to 5 years gives -0.22, with an annualized covariance of -60835.2 %².
Within BESS's tracked universe of 51 assets, BL comes in at #42 by 3-year correlation. Over the last 12 months BL came out ahead by 12.1 percentage points (-50.4% against -38.3%). Note the risk asymmetry: BESS runs 126.3 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.
BESS vs BL: side by side
| BESS (Bimergen Energy Corporation) | BL (BlackLine, Inc.) | |
|---|---|---|
| 1-year return | -50.4% | -38.3% |
| 5-year return | -87.7% | -69.6% |
| Volatility (ann.) | 5140.2% | 40.7% |
| Beta vs S&P 500 | 17.01 | 0.83 |
| Max drawdown (3Y) | -99.5% | -63.2% |
| Market cap | – | $2.0B |
| P/E (trailing) | – | 60.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | BL |
|---|---|---|
| 2022 | -30.0% | -35.0% |
| 2023 | -14.3% | -7.2% |
| 2024 | +16.7% | -2.7% |
| 2025 | +7.1% | -9.0% |
| 2026 | -70.5% | -39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and BL good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between BESS and BL?
As of 2026-08-27, the correlation of weekly returns between BESS and BL is -0.29 over 3 years, -0.18 over 1 year and -0.22 over 5 years.
Is BL a good diversifier for BESS?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bess-vs-bl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bess-vs-bl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BESS correlations · BL correlations
