BCDA vs ORMP: Correlation
Measured on weekly returns over the past three years, BioCardia, Inc. (BCDA) and Oramed Pharmaceuticals Inc. (ORMP) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCDA and ORMP?
Over the past 3 years, BCDA and ORMP moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1801.4 %².
Among the 13 assets we track against BCDA, ORMP ranks #7 by 3-year correlation. The last year tells two different stories: ORMP led by 187.2 percentage points, -39.7% for BCDA against +147.5% for ORMP. Note the risk asymmetry: BCDA runs 2.2 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.
BCDA vs ORMP: side by side
| BCDA (BioCardia, Inc.) | ORMP (Oramed Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -39.7% | +147.5% |
| 5-year return | -97.4% | -71.1% |
| Volatility (ann.) | 102.2% | 47.3% |
| Beta vs S&P 500 | 1.62 | 0.65 |
| Max drawdown (3Y) | -95.2% | -50.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 1.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCDA | ORMP |
|---|---|---|
| 2022 | +7.7% | -15.8% |
| 2023 | -68.4% | -80.8% |
| 2024 | -78.0% | +4.8% |
| 2025 | -42.7% | +17.8% |
| 2026 | -6.4% | +92.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCDA and ORMP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCDA and ORMP?
The BCDA/ORMP correlation stands at 0.37 on a 3-year window (1 year: 0.45, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is ORMP a good diversifier for BCDA?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/bcda-vs-ormp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcda-vs-ormp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCDA correlations · ORMP correlations
