AGMH vs BGI: Correlation
AGM Group Holdings Inc. - Class A (AGMH) and Birks Group Inc. (BGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGMH and BGI?
On 3 years of weekly data the AGMH/BGI correlation comes out at 0.35, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.35). The 5-year figure is 0.23, and annualized covariance runs at 5313.2 %².
Among the 19 assets we track against AGMH, BGI ranks #11 by 3-year correlation. Twelve-month performance is nearly a tie, at -53.0% for AGMH and -51.4% for BGI. Risk is not evenly split, since AGMH carries 3.6 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.
AGMH vs BGI: side by side
| AGMH (AGM Group Holdings Inc. - Class A) | BGI (Birks Group Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -51.4% |
| 5-year return | -99.8% | -88.1% |
| Volatility (ann.) | 233.6% | 64.1% |
| Beta vs S&P 500 | 2.39 | 0.38 |
| Max drawdown (3Y) | -99.3% | -93.1% |
| Market cap | – | – |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGMH | BGI |
|---|---|---|
| 2022 | -31.2% | +63.5% |
| 2023 | +9.7% | -40.9% |
| 2024 | -16.6% | -65.7% |
| 2025 | -97.4% | -44.1% |
| 2026 | -51.6% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGMH and BGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGMH and BGI?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.63 over the last year and 0.23 over 5 years.
Is BGI a good diversifier for AGMH?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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.
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Related comparisons
Hubs: AGMH correlations · BGI correlations
