BESS vs MATH: Correlation
How closely do Bimergen Energy Corporation (BESS) and Metalpha Technology Holding Limited (MATH) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and MATH?
On 3 years of weekly data the BESS/MATH correlation comes out at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.44). The 5-year figure is 0.36, and annualized covariance runs at 204428.7 %².
By 3-year correlation, MATH places #9 of the 51 assets tracked against BESS. Correlation aside, the last 12 months split them widely, with BESS ahead by 20.3 points (-50.4% versus -70.7%). One caveat on sizing: BESS is 57.0 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 MATH: side by side
| BESS (Bimergen Energy Corporation) | MATH (Metalpha Technology Holding Limited) | |
|---|---|---|
| 1-year return | -50.4% | -70.7% |
| 5-year return | -87.7% | -40.4% |
| Volatility (ann.) | 5140.2% | 90.1% |
| Beta vs S&P 500 | 17.01 | 0.53 |
| Max drawdown (3Y) | -99.5% | -81.9% |
| Market cap | – | – |
| P/E (trailing) | – | 41.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | MATH |
|---|---|---|
| 2022 | -30.0% | -57.4% |
| 2023 | -14.3% | +323.3% |
| 2024 | +16.7% | -47.2% |
| 2025 | +7.1% | +82.6% |
| 2026 | -70.5% | -60.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and MATH good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BESS and MATH?
As of 2026-08-27, the correlation of weekly returns between BESS and MATH is 0.44 over 3 years, 0.05 over 1 year and 0.36 over 5 years.
Is MATH a good diversifier for BESS?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bess-vs-math.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bess-vs-math/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BESS correlations · MATH correlations
