BGMS vs OPEN: Correlation
Bio Green Med Solution, Inc. (BGMS) and Opendoor Technologies Inc (OPEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGMS and OPEN?
Over the past 3 years, BGMS and OPEN moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (-0.06) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 15620.5 %².
In BGMS's tracked universe of 15 assets, OPEN sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months OPEN outperformed by 73.1 percentage points (-89.0% for BGMS against -15.9% for OPEN).
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 OPEN: side by side
| BGMS (Bio Green Med Solution, Inc.) | OPEN (Opendoor Technologies Inc) | |
|---|---|---|
| 1-year return | -89.0% | -15.9% |
| 5-year return | -100.0% | -80.8% |
| Volatility (ann.) | 203.4% | 145.6% |
| Beta vs S&P 500 | 0.91 | 2.46 |
| Max drawdown (3Y) | -100.0% | -89.2% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGMS | OPEN |
|---|---|---|
| 2022 | -82.8% | -92.1% |
| 2023 | -73.4% | +286.2% |
| 2024 | -85.8% | -64.3% |
| 2025 | -96.6% | +264.4% |
| 2026 | -39.8% | -42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGMS and OPEN good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BGMS and OPEN?
The BGMS/OPEN correlation stands at 0.53 on a 3-year window (1 year: -0.06, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is OPEN a good diversifier for BGMS?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-open.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgms-vs-open/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGMS correlations · OPEN correlations
