BRN vs GPN: Correlation
How closely do Barnwell Industries, Inc. (BRN) and Global Payments (GPN) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and GPN?
Over the past 3 years, BRN and GPN moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -330.4 %².
Within BRN's tracked universe of 35 assets, GPN comes in at #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GPN ahead by 26.1 points (-19.1% versus +7.0%).
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.
BRN vs GPN: side by side
| BRN (Barnwell Industries, Inc.) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | -19.1% | +7.0% |
| 5-year return | -58.9% | -39.6% |
| Volatility (ann.) | 53.1% | 35.9% |
| Beta vs S&P 500 | -0.22 | 1.22 |
| Max drawdown (3Y) | -68.5% | -54.0% |
| Market cap | – | $24.5B |
| P/E (trailing) | – | 44.0 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRN | GPN |
|---|---|---|
| 2022 | +2.8% | -25.9% |
| 2023 | -16.5% | +29.0% |
| 2024 | -37.9% | -11.0% |
| 2025 | -26.5% | -30.1% |
| 2026 | -14.0% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and GPN good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRN and GPN?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.14 over the last year and -0.05 over 5 years.
Is GPN a good diversifier for BRN?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BRN correlations · GPN correlations
