BGLC vs NMAD: Correlation
Measured on weekly returns over the past three years, BioNexus Gene Lab Corp (BGLC) and Nomad Power Solutions, Inc. (NMAD) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGLC and NMAD?
Over the past 3 years, BGLC and NMAD moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.41). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 14278.7 %².
Among the 14 assets we track against BGLC, NMAD ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NMAD ahead by 102.4 points (-73.2% versus +29.2%).
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 NMAD: side by side
| BGLC (BioNexus Gene Lab Corp) | NMAD (Nomad Power Solutions, Inc.) | |
|---|---|---|
| 1-year return | -73.2% | +29.2% |
| 5-year return | -99.2% | -80.2% |
| Volatility (ann.) | 177.7% | 197.9% |
| Beta vs S&P 500 | 1.05 | 0.82 |
| Max drawdown (3Y) | -93.4% | -80.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGLC | NMAD |
|---|---|---|
| 2022 | -55.4% | -57.1% |
| 2023 | -95.4% | -53.9% |
| 2024 | -47.2% | -13.6% |
| 2025 | +41.1% | +93.6% |
| 2026 | -62.0% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGLC and NMAD good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BGLC and NMAD?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.15 over the last year and 0.24 over 5 years.
Is NMAD a good diversifier for BGLC?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bglc-vs-nmad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bglc-vs-nmad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGLC correlations · NMAD correlations
