BNED vs TEM: Correlation
Measured on weekly returns over the past three years, Barnes & Noble Education, Inc (BNED) and Tempus AI, Inc. (TEM) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNED and TEM?
Across a 3-year window, the weekly returns of BNED and TEM correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.41 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 3354.0 %².
In BNED's tracked universe of 11 assets, TEM sits right near the top at #1. The last year tells two different stories: BNED led by 44.6 percentage points, +41.1% for BNED against -3.5% for TEM.
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.
BNED vs TEM: side by side
| BNED (Barnes & Noble Education, Inc) | TEM (Tempus AI, Inc.) | |
|---|---|---|
| 1-year return | +41.1% | -3.5% |
| 5-year return | -98.4% | n/a |
| Volatility (ann.) | 111.9% | 104.7% |
| Beta vs S&P 500 | 1.64 | 3.25 |
| Max drawdown (3Y) | -97.3% | -59.8% |
| Market cap | $0.4B | $12.8B |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNED | TEM |
|---|---|---|
| 2022 | -74.3% | – |
| 2023 | -14.9% | – |
| 2024 | -93.3% | – |
| 2025 | -8.5% | +74.9% |
| 2026 | +33.9% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNED and TEM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNED and TEM?
As of 2026-08-27, the correlation of weekly returns between BNED and TEM is 0.41 over 3 years, 0.29 over 1 year and n/a over 5 years.
Is TEM a good diversifier for BNED?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/bned-vs-tem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bned-vs-tem/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNED correlations · TEM correlations
