BESS vs PLRX: Correlation
Bimergen Energy Corporation (BESS) and Pliant Therapeutics, Inc. (PLRX) 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 PLRX?
Over the past 3 years, BESS and PLRX moved with a correlation of -0.46, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.46 over 3 years. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -178055.3 %².
Out of 51 assets tracked against BESS, PLRX lands near the bottom at #50. Their recent paths diverged sharply: over the last 12 months PLRX outperformed by 18.4 percentage points (-50.4% for BESS against -32.0% for PLRX). One caveat on sizing: BESS is 68.7 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 PLRX: side by side
| BESS (Bimergen Energy Corporation) | PLRX (Pliant Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -50.4% | -32.0% |
| 5-year return | -87.7% | -93.6% |
| Volatility (ann.) | 5140.2% | 74.8% |
| Beta vs S&P 500 | 17.01 | 1.32 |
| Max drawdown (3Y) | -99.5% | -94.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | PLRX |
|---|---|---|
| 2022 | -30.0% | +43.2% |
| 2023 | -14.3% | -6.3% |
| 2024 | +16.7% | -27.3% |
| 2025 | +7.1% | -90.7% |
| 2026 | -70.5% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and PLRX 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 PLRX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.09 over the last year and -0.29 over 5 years.
Is PLRX 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?
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-plrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bess-vs-plrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BESS correlations · PLRX correlations
