BRNX vs BWMN: Correlation
BrenX Ltd. (BRNX) and Bowman Consulting Group Ltd. (BWMN) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and BWMN?
Across a 3-year window, the weekly returns of BRNX and BWMN correlate at 0.53, moderate. The past 12 months show a tighter link (0.78) than the 3-year average (0.53). Stretching to 5 years gives 0.47, with an annualized covariance of 16256.3 %².
Within BRNX's tracked universe of 26 assets, BWMN comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BWMN ahead by 96.4 points (-94.9% versus +1.5%). Risk is not evenly split, since BRNX carries 9.5 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.
BRNX vs BWMN: side by side
| BRNX (BrenX Ltd.) | BWMN (Bowman Consulting Group Ltd.) | |
|---|---|---|
| 1-year return | -94.9% | +1.5% |
| 5-year return | -99.9% | +220.2% |
| Volatility (ann.) | 539.2% | 56.7% |
| Beta vs S&P 500 | 1.25 | 1.08 |
| Max drawdown (3Y) | -100.0% | -56.2% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 101.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | BWMN |
|---|---|---|
| 2022 | – | +2.8% |
| 2023 | -57.4% | +62.6% |
| 2024 | -77.8% | -29.8% |
| 2025 | -92.4% | +32.3% |
| 2026 | -77.6% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and BWMN good diversifiers for each other?
Only partially. A correlation of 0.53 means BRNX and BWMN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BRNX and BWMN?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.78 over the last year and 0.47 over 5 years.
Is BWMN a good diversifier for BRNX?
Only partially. A correlation of 0.53 means BRNX and BWMN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/brnx-vs-bwmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brnx-vs-bwmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRNX correlations · BWMN correlations
