BIAF vs GRML: Correlation
bioAffinity Technologies, Inc. (BIAF) and Greenland Mines Ltd (GRML) show a very strong relationship: their 3-year correlation of weekly returns is 0.93.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIAF and GRML?
Across a 3-year window, the weekly returns of BIAF and GRML correlate at 0.93, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.99 lands near the 3-year figure. Stretching to 5 years gives 0.93, with an annualized covariance of 964998.1 %².
Within BIAF's tracked universe of 24 assets, GRML comes in at #5 by 3-year correlation. The last year tells two different stories: GRML led by 652.5 percentage points, -32.0% for BIAF against +620.5% for GRML. One caveat on sizing: GRML is 2.2 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.
BIAF vs GRML: side by side
| BIAF (bioAffinity Technologies, Inc.) | GRML (Greenland Mines Ltd) | |
|---|---|---|
| 1-year return | -32.0% | +620.5% |
| 5-year return | n/a | -46.8% |
| Volatility (ann.) | 691.4% | 1495.4% |
| Beta vs S&P 500 | -2.10 | 2.17 |
| Max drawdown (3Y) | -99.6% | -99.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIAF | GRML |
|---|---|---|
| 2023 | -8.1% | +6.3% |
| 2024 | -38.1% | -95.5% |
| 2025 | -95.7% | -40.4% |
| 2026 | +328.8% | +1720.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIAF and GRML good diversifiers for each other?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BIAF and GRML?
As of 2026-08-27, the correlation of weekly returns between BIAF and GRML is 0.93 over 3 years, 0.99 over 1 year and 0.93 over 5 years.
Is GRML a good diversifier for BIAF?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.93 mean?
On the −1 to +1 scale, 0.93 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/biaf-vs-grml.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/biaf-vs-grml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BIAF correlations · GRML correlations
