BWMN vs GENC: Correlation
Measured on weekly returns over the past three years, Bowman Consulting Group Ltd. (BWMN) and Gencor Industries, Inc. (GENC) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMN and GENC?
Over the past 3 years, BWMN and GENC moved with a correlation of 0.50, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.50 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1032.8 %².
Among the 17 assets we track against BWMN, GENC ranks #5 by 3-year correlation. On 12-month performance GENC holds a 14.4-point edge, +1.5% against +15.9%. One caveat on sizing: BWMN is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BWMN vs GENC: side by side
| BWMN (Bowman Consulting Group Ltd.) | GENC (Gencor Industries, Inc.) | |
|---|---|---|
| 1-year return | +1.5% | +15.9% |
| 5-year return | +220.2% | +63.6% |
| Volatility (ann.) | 56.7% | 36.4% |
| Beta vs S&P 500 | 1.08 | 0.83 |
| Max drawdown (3Y) | -56.2% | -55.7% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 101.2 | 18.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWMN | GENC |
|---|---|---|
| 2022 | +2.8% | -12.4% |
| 2023 | +62.6% | +59.8% |
| 2024 | -29.8% | +9.4% |
| 2025 | +32.3% | -26.6% |
| 2026 | +28.8% | +47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMN and GENC good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BWMN and GENC?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.69 over the last year and 0.37 over 5 years.
Is GENC a good diversifier for BWMN?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BWMN correlations · GENC correlations
