BDMD vs SPCB: Correlation
Measured on weekly returns over the past three years, Baird Medical Investment Holdings Ltd (BDMD) and SuperCom, Ltd. (SPCB) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDMD and SPCB?
Over the past 3 years, BDMD and SPCB moved with a correlation of 0.54, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.54 over 3 years. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 12196.3 %².
In BDMD's tracked universe of 15 assets, SPCB sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months SPCB outperformed by 67.0 percentage points (-54.9% for BDMD against +12.1% for SPCB). Risk is not evenly split, since BDMD carries 1.6 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 SPCB: side by side
| BDMD (Baird Medical Investment Holdings Ltd) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | -54.9% | +12.1% |
| 5-year return | -88.5% | -95.6% |
| Volatility (ann.) | 187.8% | 119.2% |
| Beta vs S&P 500 | -0.54 | 1.19 |
| Max drawdown (3Y) | -93.6% | -84.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDMD | SPCB |
|---|---|---|
| 2022 | +4.1% | -68.2% |
| 2023 | +4.4% | -78.1% |
| 2024 | -29.0% | -38.2% |
| 2025 | -82.1% | +87.8% |
| 2026 | -18.4% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDMD and SPCB good diversifiers for each other?
Only partially. A correlation of 0.54 means BDMD and SPCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BDMD and SPCB?
The BDMD/SPCB correlation stands at 0.54 on a 3-year window (1 year: -0.07, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SPCB a good diversifier for BDMD?
Only partially. A correlation of 0.54 means BDMD and SPCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BDMD correlations · SPCB correlations
