BCPC vs ZCMD: Correlation
How closely do Balchem Corporation (BCPC) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and ZCMD?
On 3 years of weekly data the BCPC/ZCMD correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -646.2 %².
ZCMD is close to the least connected end of BCPC's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months BCPC outperformed by 109.5 percentage points (+9.6% for BCPC against -99.9% for ZCMD). One caveat on sizing: ZCMD is 6.2 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.
BCPC vs ZCMD: side by side
| BCPC (Balchem Corporation) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +9.6% | -99.9% |
| 5-year return | +31.0% | -100.0% |
| Volatility (ann.) | 22.7% | 141.8% |
| Beta vs S&P 500 | 0.57 | 0.59 |
| Max drawdown (3Y) | -23.1% | -100.0% |
| Market cap | $5.7B | – |
| P/E (trailing) | 35.4 | – |
| Dividend yield | 0.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCPC | ZCMD |
|---|---|---|
| 2022 | -27.1% | -35.4% |
| 2023 | +22.5% | -69.5% |
| 2024 | +10.2% | -53.8% |
| 2025 | -5.3% | -72.2% |
| 2026 | +16.0% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCPC and ZCMD?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.17 over the last year and -0.12 over 5 years.
Is ZCMD a good diversifier for BCPC?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/bcpc-vs-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcpc-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCPC correlations · ZCMD correlations
