BNC vs REPL: Correlation
CEA Industries Inc. (BNC) and Replimune Group, Inc. (REPL) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and REPL?
Across a 3-year window, the weekly returns of BNC and REPL correlate at 0.42, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.42). Stretching to 5 years gives 0.36, with an annualized covariance of 7691.1 %².
In BNC's tracked universe of 37 assets, REPL sits right near the top at #3. Correlation aside, the last 12 months split them widely, with REPL ahead by 268.2 points (-86.1% versus +182.1%).
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 REPL: side by side
| BNC (CEA Industries Inc.) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | -86.1% | +182.1% |
| 5-year return | -97.4% | -50.4% |
| Volatility (ann.) | 120.4% | 153.7% |
| Beta vs S&P 500 | -0.47 | 0.48 |
| Max drawdown (3Y) | -96.5% | -92.0% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNC | REPL |
|---|---|---|
| 2022 | -82.5% | +0.4% |
| 2023 | -34.9% | -69.0% |
| 2024 | +23.7% | +43.7% |
| 2025 | -20.9% | -19.7% |
| 2026 | -53.1% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and REPL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNC and REPL?
The BNC/REPL correlation stands at 0.42 on a 3-year window (1 year: 0.20, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is REPL a good diversifier for BNC?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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-repl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bnc-vs-repl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNC correlations · REPL correlations
