BDMD vs VSTM: Correlation
Measured on weekly returns over the past three years, Baird Medical Investment Holdings Ltd (BDMD) and Verastem, Inc. (VSTM) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDMD and VSTM?
On 3 years of weekly data the BDMD/VSTM correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.40). The 5-year figure is 0.28, and annualized covariance runs at 7579.8 %².
Within BDMD's tracked universe of 15 assets, VSTM comes in at #7 by 3-year correlation. The last year tells two different stories: VSTM led by 34.3 percentage points, -54.9% for BDMD against -20.6% for VSTM. Risk is not evenly split, since BDMD carries 1.8 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 VSTM: side by side
| BDMD (Baird Medical Investment Holdings Ltd) | VSTM (Verastem, Inc.) | |
|---|---|---|
| 1-year return | -54.9% | -20.6% |
| 5-year return | -88.5% | -77.0% |
| Volatility (ann.) | 187.8% | 102.2% |
| Beta vs S&P 500 | -0.54 | 1.38 |
| Max drawdown (3Y) | -93.6% | -84.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDMD | VSTM |
|---|---|---|
| 2022 | +4.1% | -80.5% |
| 2023 | +4.4% | +69.6% |
| 2024 | -29.0% | -36.5% |
| 2025 | -82.1% | +49.3% |
| 2026 | -18.4% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDMD and VSTM good diversifiers for each other?
Reasonably. At 0.40, BDMD and VSTM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDMD and VSTM?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.13 over the last year and 0.28 over 5 years.
Is VSTM a good diversifier for BDMD?
Reasonably. At 0.40, BDMD and VSTM 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bdmd-vs-vstm/)
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Related comparisons
Hubs: BDMD correlations · VSTM correlations
