BDMD vs MBOT: Correlation
How closely do Baird Medical Investment Holdings Ltd (BDMD) and Microbot Medical Inc. (MBOT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDMD and MBOT?
Over the past 3 years, BDMD and MBOT moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.42 over 3 years. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 7561.4 %².
MBOT is one of the assets that tracks BDMD most closely: it ranks #3 out of the 15 assets we track against BDMD. On 12-month performance BDMD holds a 8.2-point edge, -54.9% against -63.1%. Risk is not evenly split, since BDMD carries 1.9 times the volatility of the other side.
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 MBOT: side by side
| BDMD (Baird Medical Investment Holdings Ltd) | MBOT (Microbot Medical Inc.) | |
|---|---|---|
| 1-year return | -54.9% | -63.1% |
| 5-year return | -88.5% | -79.9% |
| Volatility (ann.) | 187.8% | 97.0% |
| Beta vs S&P 500 | -0.54 | 1.83 |
| Max drawdown (3Y) | -93.6% | -67.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDMD | MBOT |
|---|---|---|
| 2022 | +4.1% | -59.9% |
| 2023 | +4.4% | -45.5% |
| 2024 | -29.0% | -31.7% |
| 2025 | -82.1% | +78.6% |
| 2026 | -18.4% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDMD and MBOT good diversifiers for each other?
Reasonably. At 0.42, BDMD and MBOT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDMD and MBOT?
As of 2026-08-27, the correlation of weekly returns between BDMD and MBOT is 0.42 over 3 years, 0.12 over 1 year and 0.33 over 5 years.
Is MBOT a good diversifier for BDMD?
Reasonably. At 0.42, BDMD and MBOT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: BDMD correlations · MBOT correlations
