BJDX vs TMQ: Correlation
How closely do Bluejay Diagnostics, Inc. (BJDX) and Trilogy Metals Inc. (TMQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJDX and TMQ?
Across a 3-year window, the weekly returns of BJDX and TMQ correlate at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.36). Stretching to 5 years gives 0.31, with an annualized covariance of 7123.5 %².
By 3-year correlation, TMQ places #4 of the 19 assets tracked against BJDX. Correlation aside, the last 12 months split them widely, with TMQ ahead by 209.7 points (-83.4% versus +126.3%).
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 TMQ: side by side
| BJDX (Bluejay Diagnostics, Inc.) | TMQ (Trilogy Metals Inc.) | |
|---|---|---|
| 1-year return | -83.4% | +126.3% |
| 5-year return | -100.0% | +85.3% |
| Volatility (ann.) | 151.7% | 131.6% |
| Beta vs S&P 500 | -0.30 | 0.28 |
| Max drawdown (3Y) | -100.0% | -72.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJDX | TMQ |
|---|---|---|
| 2022 | -85.2% | -66.7% |
| 2023 | -83.9% | -21.8% |
| 2024 | -99.0% | +169.8% |
| 2025 | -86.3% | +271.6% |
| 2026 | -65.9% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJDX and TMQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BJDX and TMQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.50 over the last year and 0.31 over 5 years.
Is TMQ a good diversifier for BJDX?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BJDX correlations · TMQ correlations
