BDSX vs CTNM: Correlation
Measured on weekly returns over the past three years, Biodesix, Inc. (BDSX) and Contineum Therapeutics, Inc. (CTNM) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDSX and CTNM?
Across a 3-year window, the weekly returns of BDSX and CTNM correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 2935.7 %².
CTNM is one of the assets that tracks BDSX most closely: it ranks #1 out of the 11 assets we track against BDSX. Correlation aside, the last 12 months split them widely, with BDSX ahead by 130.7 points (+203.0% versus +72.3%).
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.
BDSX vs CTNM: side by side
| BDSX (Biodesix, Inc.) | CTNM (Contineum Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +203.0% | +72.3% |
| 5-year return | -84.0% | n/a |
| Volatility (ann.) | 92.6% | 72.4% |
| Beta vs S&P 500 | 0.57 | 0.55 |
| Max drawdown (3Y) | -89.7% | -84.4% |
| Market cap | $0.3B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDSX | CTNM |
|---|---|---|
| 2022 | -56.5% | – |
| 2023 | -20.0% | – |
| 2024 | -16.8% | – |
| 2025 | -77.8% | -22.0% |
| 2026 | +318.8% | +50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDSX and CTNM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BDSX and CTNM?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.47 over the last year and n/a over 5 years.
Is CTNM a good diversifier for BDSX?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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: BDSX correlations · CTNM correlations
