BLNE vs REI: Correlation
Measured on weekly returns over the past three years, Beeline Holdings, Inc. (BLNE) and Ring Energy, Inc. (REI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and REI?
On 3 years of weekly data the BLNE/REI correlation comes out at -0.22, 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 -0.22 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -1652.4 %².
Within BLNE's tracked universe of 19 assets, REI comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months REI outperformed by 69.8 percentage points (-36.2% for BLNE against +33.6% for REI). Risk is not evenly split, since BLNE carries 2.5 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 REI: side by side
| BLNE (Beeline Holdings, Inc.) | REI (Ring Energy, Inc.) | |
|---|---|---|
| 1-year return | -36.2% | +33.6% |
| 5-year return | -99.8% | -36.4% |
| Volatility (ann.) | 136.3% | 54.5% |
| Beta vs S&P 500 | 0.59 | 0.37 |
| Max drawdown (3Y) | -96.7% | -65.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLNE | REI |
|---|---|---|
| 2022 | -87.2% | +7.9% |
| 2023 | -71.8% | -40.7% |
| 2024 | -25.3% | -6.8% |
| 2025 | -82.1% | -36.0% |
| 2026 | -42.8% | +69.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and REI good diversifiers for each other?
Yes. With a correlation of -0.22, BLNE and REI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BLNE and REI?
The BLNE/REI correlation stands at -0.22 on a 3-year window (1 year: -0.09, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is REI a good diversifier for BLNE?
Yes. With a correlation of -0.22, BLNE and REI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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: BLNE correlations · REI correlations
