BDMD vs WYNN: Correlation
Measured on weekly returns over the past three years, Baird Medical Investment Holdings Ltd (BDMD) and Wynn Resorts (WYNN) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDMD and WYNN?
Over the past 3 years, BDMD and WYNN moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.08 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1116.8 %².
Among the 15 assets we track against BDMD, WYNN sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with WYNN ahead by 31.6 points (-54.9% versus -23.3%). One caveat on sizing: BDMD is 5.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WYNN: side by side
| BDMD (Baird Medical Investment Holdings Ltd) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | -54.9% | -23.3% |
| 5-year return | -88.5% | -2.9% |
| Volatility (ann.) | 187.8% | 34.7% |
| Beta vs S&P 500 | -0.54 | 0.88 |
| Max drawdown (3Y) | -93.6% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BDMD | WYNN |
|---|---|---|
| 2022 | +4.1% | -3.0% |
| 2023 | +4.4% | +11.3% |
| 2024 | -29.0% | -4.4% |
| 2025 | -82.1% | +41.0% |
| 2026 | -18.4% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDMD and WYNN good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BDMD and WYNN?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.08 over the last year and -0.12 over 5 years.
Is WYNN a good diversifier for BDMD?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BDMD correlations · WYNN correlations
