BESS vs CRNT: Correlation
How closely do Bimergen Energy Corporation (BESS) and Ceragon Networks Ltd. (CRNT) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and CRNT?
Across a 3-year window, the weekly returns of BESS and CRNT correlate at -0.34, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.09) than the 3-year average (-0.34). Stretching to 5 years gives -0.29, with an annualized covariance of -93533.6 %².
Within BESS's tracked universe of 51 assets, CRNT comes in at #45 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRNT ahead by 56.9 points (-50.4% versus +6.5%). One caveat on sizing: BESS is 97.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 CRNT: side by side
| BESS (Bimergen Energy Corporation) | CRNT (Ceragon Networks Ltd.) | |
|---|---|---|
| 1-year return | -50.4% | +6.5% |
| 5-year return | -87.7% | -45.0% |
| Volatility (ann.) | 5140.2% | 52.9% |
| Beta vs S&P 500 | 17.01 | 1.19 |
| Max drawdown (3Y) | -99.5% | -66.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | CRNT |
|---|---|---|
| 2022 | -30.0% | -26.0% |
| 2023 | -14.3% | +13.1% |
| 2024 | +16.7% | +116.2% |
| 2025 | +7.1% | -55.0% |
| 2026 | -70.5% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and CRNT good diversifiers for each other?
Yes. With a correlation of -0.34, BESS and CRNT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BESS and CRNT?
As of 2026-08-27, the correlation of weekly returns between BESS and CRNT is -0.34 over 3 years, 0.09 over 1 year and -0.29 over 5 years.
Is CRNT a good diversifier for BESS?
Yes. With a correlation of -0.34, BESS and CRNT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
A reading of -0.34 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/bess-vs-crnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bess-vs-crnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BESS correlations · CRNT correlations
