BGMS vs CALC: Correlation
Bio Green Med Solution, Inc. (BGMS) and CalciMedica, Inc. (CALC) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGMS and CALC?
Across a 3-year window, the weekly returns of BGMS and CALC correlate at 0.27, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.27 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 6363.3 %².
Within BGMS's tracked universe of 15 assets, CALC comes in at #8 by 3-year correlation. The trailing year gives CALC the advantage: -89.0% versus -83.8%, a 5.2-point spread. One caveat on sizing: BGMS 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.
BGMS vs CALC: side by side
| BGMS (Bio Green Med Solution, Inc.) | CALC (CalciMedica, Inc.) | |
|---|---|---|
| 1-year return | -89.0% | -83.8% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 203.4% | 115.7% |
| Beta vs S&P 500 | 0.91 | 0.26 |
| Max drawdown (3Y) | -100.0% | -93.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGMS | CALC |
|---|---|---|
| 2022 | -82.8% | – |
| 2023 | -73.4% | – |
| 2024 | -85.8% | +23.8% |
| 2025 | -96.6% | +86.2% |
| 2026 | -39.8% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGMS and CALC good diversifiers for each other?
Reasonably. At 0.27, BGMS and CALC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BGMS and CALC?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is CALC a good diversifier for BGMS?
Reasonably. At 0.27, BGMS and CALC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/bgms-vs-calc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgms-vs-calc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGMS correlations · CALC correlations
