BNC vs EMN: Correlation
Measured on weekly returns over the past three years, CEA Industries Inc. (BNC) and Eastman Chemical Company (EMN) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and EMN?
Over the past 3 years, BNC and EMN moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.31 over 3 years. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1142.5 %².
EMN is close to the least connected end of BNC's tracked universe, ranking #35 of 37. The last year tells two different stories: EMN led by 96.9 percentage points, -86.1% for BNC against +10.8% for EMN. Note the risk asymmetry: BNC runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BNC vs EMN: side by side
| BNC (CEA Industries Inc.) | EMN (Eastman Chemical Company) | |
|---|---|---|
| 1-year return | -86.1% | +10.8% |
| 5-year return | -97.4% | -22.9% |
| Volatility (ann.) | 120.4% | 30.5% |
| Beta vs S&P 500 | -0.47 | 0.95 |
| Max drawdown (3Y) | -96.5% | -48.4% |
| Market cap | $0.1B | $8.3B |
| P/E (trailing) | 0.0 | 18.9 |
| Dividend yield | 0.00% | 4.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNC | EMN |
|---|---|---|
| 2022 | -82.5% | -30.4% |
| 2023 | -34.9% | +14.7% |
| 2024 | +23.7% | +5.1% |
| 2025 | -20.9% | -26.9% |
| 2026 | -53.1% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and EMN good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNC and EMN?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.05 over the last year and -0.16 over 5 years.
Is EMN a good diversifier for BNC?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bnc-vs-emn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bnc-vs-emn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNC correlations · EMN correlations
