BGMS vs NEGG: Correlation
How closely do Bio Green Med Solution, Inc. (BGMS) and Newegg Commerce, Inc. (NEGG) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGMS and NEGG?
Across a 3-year window, the weekly returns of BGMS and NEGG correlate at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.29 over 3. Stretching to 5 years gives -0.22, with an annualized covariance of -10738.2 %².
Out of 15 assets tracked against BGMS, NEGG lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with NEGG ahead by 18.0 points (-89.0% versus -71.0%).
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 NEGG: side by side
| BGMS (Bio Green Med Solution, Inc.) | NEGG (Newegg Commerce, Inc.) | |
|---|---|---|
| 1-year return | -89.0% | -71.0% |
| 5-year return | -100.0% | -95.1% |
| Volatility (ann.) | 203.4% | 184.2% |
| Beta vs S&P 500 | 0.91 | 2.34 |
| Max drawdown (3Y) | -100.0% | -90.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 68.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGMS | NEGG |
|---|---|---|
| 2022 | -82.8% | -87.4% |
| 2023 | -73.4% | -3.8% |
| 2024 | -85.8% | -68.3% |
| 2025 | -96.6% | +534.5% |
| 2026 | -39.8% | -65.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGMS and NEGG good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BGMS and NEGG?
As of 2026-08-27, the correlation of weekly returns between BGMS and NEGG is -0.29 over 3 years, -0.25 over 1 year and -0.22 over 5 years.
Is NEGG a good diversifier for BGMS?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/bgms-vs-negg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgms-vs-negg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGMS correlations · NEGG correlations
