BDMD vs VRME: Correlation
How closely do Baird Medical Investment Holdings Ltd (BDMD) and VerifyMe, Inc. (VRME) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDMD and VRME?
On 3 years of weekly data the BDMD/VRME correlation comes out at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.40 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 9020.0 %².
Among the 15 assets we track against BDMD, VRME ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VRME outperformed by 32.2 percentage points (-54.9% for BDMD against -22.7% for VRME). Note the risk asymmetry: BDMD runs 1.6 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.
BDMD vs VRME: side by side
| BDMD (Baird Medical Investment Holdings Ltd) | VRME (VerifyMe, Inc.) | |
|---|---|---|
| 1-year return | -54.9% | -22.7% |
| 5-year return | -88.5% | -80.2% |
| Volatility (ann.) | 187.8% | 118.8% |
| Beta vs S&P 500 | -0.54 | 0.56 |
| Max drawdown (3Y) | -93.6% | -86.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDMD | VRME |
|---|---|---|
| 2022 | +4.1% | -63.5% |
| 2023 | +4.4% | -3.4% |
| 2024 | -29.0% | +21.4% |
| 2025 | -82.1% | -55.8% |
| 2026 | -18.4% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDMD and VRME good diversifiers for each other?
Reasonably. At 0.40, BDMD and VRME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDMD and VRME?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.04 over the last year and 0.38 over 5 years.
Is VRME a good diversifier for BDMD?
Reasonably. At 0.40, BDMD and VRME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/bdmd-vs-vrme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bdmd-vs-vrme/)
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Related comparisons
Hubs: BDMD correlations · VRME correlations
