BGLC vs BMR: Correlation
BioNexus Gene Lab Corp (BGLC) and Beamr Imaging Ltd. (BMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGLC and BMR?
Over the past 3 years, BGLC and BMR moved with a correlation of 0.50, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.50). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 29039.4 %².
In BGLC's tracked universe of 14 assets, BMR sits right near the top at #2. Correlation aside, the last 12 months split them widely, with BMR ahead by 15.4 points (-73.2% versus -57.8%). One caveat on sizing: BMR is 1.8 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.
BGLC vs BMR: side by side
| BGLC (BioNexus Gene Lab Corp) | BMR (Beamr Imaging Ltd.) | |
|---|---|---|
| 1-year return | -73.2% | -57.8% |
| 5-year return | -99.2% | n/a |
| Volatility (ann.) | 177.7% | 324.4% |
| Beta vs S&P 500 | 1.05 | 1.15 |
| Max drawdown (3Y) | -93.4% | -92.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGLC | BMR |
|---|---|---|
| 2022 | -55.4% | – |
| 2023 | -95.4% | – |
| 2024 | -47.2% | +239.3% |
| 2025 | +41.1% | -68.1% |
| 2026 | -62.0% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGLC and BMR good diversifiers for each other?
Only partially. A correlation of 0.50 means BGLC and BMR 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 BGLC and BMR?
The BGLC/BMR correlation stands at 0.50 on a 3-year window (1 year: 0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is BMR a good diversifier for BGLC?
Only partially. A correlation of 0.50 means BGLC and BMR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bglc-vs-bmr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bglc-vs-bmr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGLC correlations · BMR correlations
