BDMD vs CRNC: Correlation
Baird Medical Investment Holdings Ltd (BDMD) and Cerence Inc. (CRNC) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDMD and CRNC?
Across a 3-year window, the weekly returns of BDMD and CRNC correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.40 over 3 years. Stretching to 5 years gives 0.38, with an annualized covariance of 10362.9 %².
Within BDMD's tracked universe of 15 assets, CRNC comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRNC outperformed by 35.1 percentage points (-54.9% for BDMD against -19.8% for CRNC).
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.
BDMD vs CRNC: side by side
| BDMD (Baird Medical Investment Holdings Ltd) | CRNC (Cerence Inc.) | |
|---|---|---|
| 1-year return | -54.9% | -19.8% |
| 5-year return | -88.5% | -92.5% |
| Volatility (ann.) | 187.8% | 136.3% |
| Beta vs S&P 500 | -0.54 | 2.35 |
| Max drawdown (3Y) | -93.6% | -90.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDMD | CRNC |
|---|---|---|
| 2022 | +4.1% | -75.8% |
| 2023 | +4.4% | +6.1% |
| 2024 | -29.0% | -60.1% |
| 2025 | -82.1% | +36.2% |
| 2026 | -18.4% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDMD and CRNC good diversifiers for each other?
Reasonably. At 0.40, BDMD and CRNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDMD and CRNC?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.12 over the last year and 0.38 over 5 years.
Is CRNC a good diversifier for BDMD?
Reasonably. At 0.40, BDMD and CRNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/bdmd-vs-crnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdmd-vs-crnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDMD correlations · CRNC correlations
