AUID vs BDSX: Correlation
How closely do authID Inc. (AUID) and Biodesix, Inc. (BDSX) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUID and BDSX?
Over the past 3 years, AUID and BDSX moved with a correlation of 0.33, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.33 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 3084.3 %².
BDSX is one of the assets that tracks AUID most closely: it ranks #2 out of the 11 assets we track against AUID. The last year tells two different stories: BDSX led by 291.6 percentage points, -88.6% for AUID against +203.0% for BDSX.
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.
AUID vs BDSX: side by side
| AUID (authID Inc.) | BDSX (Biodesix, Inc.) | |
|---|---|---|
| 1-year return | -88.6% | +203.0% |
| 5-year return | -99.3% | -84.0% |
| Volatility (ann.) | 100.2% | 92.6% |
| Beta vs S&P 500 | 1.34 | 0.57 |
| Max drawdown (3Y) | -96.7% | -89.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUID | BDSX |
|---|---|---|
| 2022 | -95.9% | -56.5% |
| 2023 | +104.2% | -20.0% |
| 2024 | -36.4% | -16.8% |
| 2025 | -85.5% | -77.8% |
| 2026 | -42.6% | +318.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUID and BDSX good diversifiers for each other?
Reasonably. At 0.33, AUID and BDSX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AUID and BDSX?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.48 over the last year and 0.19 over 5 years.
Is BDSX a good diversifier for AUID?
Reasonably. At 0.33, AUID and BDSX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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.
Use this data
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Related comparisons
Hubs: AUID correlations · BDSX correlations
