BESS vs CMCO: Correlation
Bimergen Energy Corporation (BESS) and Columbus McKinnon Corporation (CMCO) show a negative relationship: their 3-year correlation of weekly returns is -0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and CMCO?
On 3 years of weekly data the BESS/CMCO correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.46). The 5-year figure is -0.40, and annualized covariance runs at -118990.6 %².
Among the 51 assets we track against BESS, CMCO sits near the bottom by co-movement, at rank #49. The last year tells two different stories: CMCO led by 73.7 percentage points, -50.4% for BESS against +23.3% for CMCO. Note the risk asymmetry: BESS runs 102.6 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 CMCO: side by side
| BESS (Bimergen Energy Corporation) | CMCO (Columbus McKinnon Corporation) | |
|---|---|---|
| 1-year return | -50.4% | +23.3% |
| 5-year return | -87.7% | -58.0% |
| Volatility (ann.) | 5140.2% | 50.1% |
| Beta vs S&P 500 | 17.01 | 1.42 |
| Max drawdown (3Y) | -99.5% | -72.8% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | CMCO |
|---|---|---|
| 2022 | -30.0% | -29.3% |
| 2023 | -14.3% | +21.1% |
| 2024 | +16.7% | -3.9% |
| 2025 | +7.1% | -52.9% |
| 2026 | -70.5% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and CMCO good diversifiers for each other?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BESS and CMCO?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with 0.06 over the last year and -0.40 over 5 years.
Is CMCO a good diversifier for BESS?
Yes: at -0.46, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
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Related comparisons
Hubs: BESS correlations · CMCO correlations
