BLNE vs EQNR: Correlation
How closely do Beeline Holdings, Inc. (BLNE) and Equinor ASA (EQNR) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and EQNR?
On 3 years of weekly data the BLNE/EQNR correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -1193.8 %².
Out of 19 assets tracked against BLNE, EQNR lands near the bottom at #19. The last year tells two different stories: EQNR led by 113.4 percentage points, -36.2% for BLNE against +77.2% for EQNR. Risk is not evenly split, since BLNE carries 4.1 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.
BLNE vs EQNR: side by side
| BLNE (Beeline Holdings, Inc.) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | -36.2% | +77.2% |
| 5-year return | -99.8% | +180.6% |
| Volatility (ann.) | 136.3% | 33.2% |
| Beta vs S&P 500 | 0.59 | -0.25 |
| Max drawdown (3Y) | -96.7% | -27.6% |
| Market cap | – | $98.6B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLNE | EQNR |
|---|---|---|
| 2022 | -87.2% | +42.8% |
| 2023 | -71.8% | -0.8% |
| 2024 | -25.3% | -16.0% |
| 2025 | -82.1% | +6.1% |
| 2026 | -42.8% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and EQNR good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BLNE and EQNR?
As of 2026-08-27, the correlation of weekly returns between BLNE and EQNR is -0.26 over 3 years, -0.26 over 1 year and -0.14 over 5 years.
Is EQNR a good diversifier for BLNE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/blne-vs-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blne-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLNE correlations · EQNR correlations
