BESS vs NWTG: Correlation
Bimergen Energy Corporation (BESS) and Newton Golf Company, Inc. (NWTG) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and NWTG?
Across a 3-year window, the weekly returns of BESS and NWTG correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (-0.26) runs below the 3-year figure (0.38). Stretching to 5 years gives n/a, with an annualized covariance of 273915.2 %².
Among the 51 assets we track against BESS, NWTG ranks #12 by 3-year correlation. The last year tells two different stories: NWTG led by 17.8 percentage points, -50.4% for BESS against -32.6% for NWTG. Risk is not evenly split, since BESS carries 36.2 times the volatility of the other side.
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 NWTG: side by side
| BESS (Bimergen Energy Corporation) | NWTG (Newton Golf Company, Inc.) | |
|---|---|---|
| 1-year return | -50.4% | -32.6% |
| 5-year return | -87.7% | n/a |
| Volatility (ann.) | 5140.2% | 142.1% |
| Beta vs S&P 500 | 17.01 | 0.76 |
| Max drawdown (3Y) | -99.5% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | NWTG |
|---|---|---|
| 2022 | -30.0% | – |
| 2023 | -14.3% | – |
| 2024 | +16.7% | -93.9% |
| 2025 | +7.1% | -88.1% |
| 2026 | -70.5% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and NWTG good diversifiers for each other?
Reasonably. At 0.38, BESS and NWTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BESS and NWTG?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with -0.26 over the last year and n/a over 5 years.
Is NWTG a good diversifier for BESS?
Reasonably. At 0.38, BESS and NWTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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 · NWTG correlations
