AXR vs BMRN: Correlation
Measured on weekly returns over the past three years, AMREP Corporation (AXR) and BioMarin Pharmaceutical Inc. (BMRN) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXR and BMRN?
Over the past 3 years, AXR and BMRN moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.17). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -240.2 %².
BMRN is close to the least connected end of AXR's tracked universe, ranking #10 of 11. On 12-month performance BMRN holds a 7.2-point edge, +4.1% against +11.3%. Note the risk asymmetry: AXR runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AXR vs BMRN: side by side
| AXR (AMREP Corporation) | BMRN (BioMarin Pharmaceutical Inc.) | |
|---|---|---|
| 1-year return | +4.1% | +11.3% |
| 5-year return | +60.4% | -21.6% |
| Volatility (ann.) | 48.9% | 28.1% |
| Beta vs S&P 500 | 0.44 | 0.46 |
| Max drawdown (3Y) | -52.3% | -49.8% |
| Market cap | $0.1B | $12.6B |
| P/E (trailing) | 12.0 | 176.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXR | BMRN |
|---|---|---|
| 2022 | -24.0% | +17.1% |
| 2023 | +90.2% | -6.8% |
| 2024 | +42.9% | -31.8% |
| 2025 | -40.1% | -9.6% |
| 2026 | +22.1% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXR and BMRN good diversifiers for each other?
Yes. With a correlation of -0.17, AXR and BMRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AXR and BMRN?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.06 over the last year and -0.06 over 5 years.
Is BMRN a good diversifier for AXR?
Yes. With a correlation of -0.17, AXR and BMRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axr-vs-bmrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axr-vs-bmrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXR correlations · BMRN correlations
