BNC vs IR: Correlation
CEA Industries Inc. (BNC) and Ingersoll Rand (IR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and IR?
On 3 years of weekly data the BNC/IR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.24). The 5-year figure is -0.12, and annualized covariance runs at -844.5 %².
Within BNC's tracked universe of 37 assets, IR comes in at #26 by 3-year correlation. The last year tells two different stories: IR led by 84.1 percentage points, -86.1% for BNC against -2.0% for IR. One caveat on sizing: BNC is 4.0 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.
BNC vs IR: side by side
| BNC (CEA Industries Inc.) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | -86.1% | -2.0% |
| 5-year return | -97.4% | +49.2% |
| Volatility (ann.) | 120.4% | 29.8% |
| Beta vs S&P 500 | -0.47 | 1.17 |
| Max drawdown (3Y) | -96.5% | -36.6% |
| Market cap | $0.1B | $30.6B |
| P/E (trailing) | 0.0 | 32.6 |
| Dividend yield | 0.00% | 0.15% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BNC | IR |
|---|---|---|
| 2022 | -82.5% | -15.4% |
| 2023 | -34.9% | +48.2% |
| 2024 | +23.7% | +17.1% |
| 2025 | -20.9% | -12.3% |
| 2026 | -53.1% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and IR good diversifiers for each other?
Yes. With a correlation of -0.24, BNC and IR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNC and IR?
As of 2026-08-27, the correlation of weekly returns between BNC and IR is -0.24 over 3 years, -0.05 over 1 year and -0.12 over 5 years.
Is IR a good diversifier for BNC?
Yes. With a correlation of -0.24, BNC and IR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnc-vs-ir/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNC correlations · IR correlations
