AMBO vs BMR: Correlation
Measured on weekly returns over the past three years, Ambow Education Holding Ltd. American Depository Shares (AMBO) and Beamr Imaging Ltd. (BMR) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBO and BMR?
Over the past 3 years, AMBO and BMR moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (-0.02) than the 3-year average (0.51). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 24331.2 %².
Among the 11 assets we track against AMBO, BMR ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMBO outperformed by 15.4 percentage points (-42.4% for AMBO against -57.8% for BMR). One caveat on sizing: BMR is 2.2 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.
AMBO vs BMR: side by side
| AMBO (Ambow Education Holding Ltd. American Depository Shares) | BMR (Beamr Imaging Ltd.) | |
|---|---|---|
| 1-year return | -42.4% | -57.8% |
| 5-year return | -86.6% | n/a |
| Volatility (ann.) | 146.2% | 324.4% |
| Beta vs S&P 500 | -0.00 | 1.15 |
| Max drawdown (3Y) | -73.6% | -92.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMBO | BMR |
|---|---|---|
| 2022 | -67.0% | – |
| 2023 | -54.8% | – |
| 2024 | +52.2% | +239.3% |
| 2025 | +31.4% | -68.1% |
| 2026 | -24.3% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBO and BMR good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMBO and BMR?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is BMR a good diversifier for AMBO?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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: AMBO correlations · BMR correlations
