BRN vs MSBI: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and Midland States Bancorp, Inc. (MSBI) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and MSBI?
Over the past 3 years, BRN and MSBI moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.27). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -498.3 %².
Out of 35 assets tracked against BRN, MSBI lands near the bottom at #34. The last year tells two different stories: MSBI led by 106.2 percentage points, -19.1% for BRN against +87.1% for MSBI. Risk is not evenly split, since BRN carries 1.5 times the volatility of the other side.
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 MSBI: side by side
| BRN (Barnwell Industries, Inc.) | MSBI (Midland States Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +87.1% |
| 5-year return | -58.9% | +70.9% |
| Volatility (ann.) | 53.1% | 34.4% |
| Beta vs S&P 500 | -0.22 | 0.70 |
| Max drawdown (3Y) | -68.5% | -44.3% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 20.9 |
| Dividend yield | 0.00% | 3.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRN | MSBI |
|---|---|---|
| 2022 | +2.8% | +12.0% |
| 2023 | -16.5% | +9.1% |
| 2024 | -37.9% | -6.7% |
| 2025 | -26.5% | -6.9% |
| 2026 | -14.0% | +60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and MSBI good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRN and MSBI?
The BRN/MSBI correlation stands at -0.27 on a 3-year window (1 year: -0.47, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is MSBI a good diversifier for BRN?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/brn-vs-msbi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brn-vs-msbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRN correlations · MSBI correlations
