BJDX vs OHI: Correlation
Measured on weekly returns over the past three years, Bluejay Diagnostics, Inc. (BJDX) and Omega Healthcare Investors, Inc. (OHI) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJDX and OHI?
Across a 3-year window, the weekly returns of BJDX and OHI correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.25). Stretching to 5 years gives -0.08, with an annualized covariance of -680.9 %².
By 3-year correlation, OHI places #14 of the 19 assets tracked against BJDX. Correlation aside, the last 12 months split them widely, with OHI ahead by 98.6 points (-83.4% versus +15.2%). Note the risk asymmetry: BJDX runs 8.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BJDX vs OHI: side by side
| BJDX (Bluejay Diagnostics, Inc.) | OHI (Omega Healthcare Investors, Inc.) | |
|---|---|---|
| 1-year return | -83.4% | +15.2% |
| 5-year return | -100.0% | +107.9% |
| Volatility (ann.) | 151.7% | 17.7% |
| Beta vs S&P 500 | -0.30 | 0.09 |
| Max drawdown (3Y) | -100.0% | -15.5% |
| Market cap | – | $14.8B |
| P/E (trailing) | – | 16.5 |
| Dividend yield | 0.00% | 5.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJDX | OHI |
|---|---|---|
| 2022 | -85.2% | +3.5% |
| 2023 | -83.9% | +19.9% |
| 2024 | -99.0% | +33.6% |
| 2025 | -86.3% | +25.5% |
| 2026 | -65.9% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJDX and OHI good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BJDX and OHI?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.47 over the last year and -0.08 over 5 years.
Is OHI a good diversifier for BJDX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/bjdx-vs-ohi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bjdx-vs-ohi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BJDX correlations · OHI correlations
