BGMS vs EMPD: Correlation
How closely do Bio Green Med Solution, Inc. (BGMS) and Empery Digital Inc. (EMPD) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGMS and EMPD?
On 3 years of weekly data the BGMS/EMPD correlation comes out at 0.43, moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.43). The 5-year figure is 0.34, and annualized covariance runs at 11688.9 %².
Within BGMS's tracked universe of 15 assets, EMPD comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EMPD ahead by 33.6 points (-89.0% versus -55.4%). Risk is not evenly split, since BGMS carries 1.5 times the volatility of the other side.
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 EMPD: side by side
| BGMS (Bio Green Med Solution, Inc.) | EMPD (Empery Digital Inc.) | |
|---|---|---|
| 1-year return | -89.0% | -55.4% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 203.4% | 135.0% |
| Beta vs S&P 500 | 0.91 | 1.57 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 3.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGMS | EMPD |
|---|---|---|
| 2022 | -82.8% | -90.6% |
| 2023 | -73.4% | -98.0% |
| 2024 | -85.8% | -99.9% |
| 2025 | -96.6% | -86.9% |
| 2026 | -39.8% | -31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGMS and EMPD 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 BGMS and EMPD?
As of 2026-08-27, the correlation of weekly returns between BGMS and EMPD is 0.43 over 3 years, -0.01 over 1 year and 0.34 over 5 years.
Is EMPD a good diversifier for BGMS?
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?
A reading of 0.43 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
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Related comparisons
Hubs: BGMS correlations · EMPD correlations
