BGMS vs NAK: Correlation
Measured on weekly returns over the past three years, Bio Green Med Solution, Inc. (BGMS) and Northern Dynasty Minerals, Ltd. (NAK) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGMS and NAK?
Over the past 3 years, BGMS and NAK moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -4821.5 %².
NAK is close to the least connected end of BGMS's tracked universe, ranking #12 of 15. Their recent paths diverged sharply: over the last 12 months NAK outperformed by 185.6 percentage points (-89.0% for BGMS against +96.6% for NAK). One caveat on sizing: BGMS is 2.1 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 NAK: side by side
| BGMS (Bio Green Med Solution, Inc.) | NAK (Northern Dynasty Minerals, Ltd.) | |
|---|---|---|
| 1-year return | -89.0% | +96.6% |
| 5-year return | -100.0% | +326.8% |
| Volatility (ann.) | 203.4% | 96.9% |
| Beta vs S&P 500 | 0.91 | 1.03 |
| Max drawdown (3Y) | -100.0% | -67.8% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGMS | NAK |
|---|---|---|
| 2022 | -82.8% | -33.3% |
| 2023 | -73.4% | +45.5% |
| 2024 | -85.8% | +81.2% |
| 2025 | -96.6% | +239.7% |
| 2026 | -39.8% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGMS and NAK good diversifiers for each other?
Yes. With a correlation of -0.24, BGMS and NAK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BGMS and NAK?
As of 2026-08-27, the correlation of weekly returns between BGMS and NAK is -0.24 over 3 years, 0.04 over 1 year and -0.19 over 5 years.
Is NAK a good diversifier for BGMS?
Yes. With a correlation of -0.24, BGMS and NAK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-nak.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgms-vs-nak/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGMS correlations · NAK correlations
