BNC vs FTV: Correlation
Measured on weekly returns over the past three years, CEA Industries Inc. (BNC) and Fortive (FTV) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and FTV?
Over the past 3 years, BNC and FTV moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -577.8 %².
Among the 37 assets we track against BNC, FTV ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FTV ahead by 110.0 points (-86.1% versus +23.9%). Note the risk asymmetry: BNC runs 5.1 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 FTV: side by side
| BNC (CEA Industries Inc.) | FTV (Fortive) | |
|---|---|---|
| 1-year return | -86.1% | +23.9% |
| 5-year return | -97.4% | +9.6% |
| Volatility (ann.) | 120.4% | 23.8% |
| Beta vs S&P 500 | -0.47 | 0.92 |
| Max drawdown (3Y) | -96.5% | -28.0% |
| Market cap | $0.1B | $18.1B |
| P/E (trailing) | 0.0 | 31.9 |
| Dividend yield | 0.00% | 0.20% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BNC | FTV |
|---|---|---|
| 2022 | -82.5% | -15.4% |
| 2023 | -34.9% | +15.1% |
| 2024 | +23.7% | +2.3% |
| 2025 | -20.9% | -1.9% |
| 2026 | -53.1% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and FTV good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNC and FTV?
The BNC/FTV correlation stands at -0.20 on a 3-year window (1 year: -0.11, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is FTV a good diversifier for BNC?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/bnc-vs-ftv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnc-vs-ftv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNC correlations · FTV correlations
