BJDX vs WEN: Correlation
How closely do Bluejay Diagnostics, Inc. (BJDX) and Wendy's Company (The) (WEN) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJDX and WEN?
On 3 years of weekly data the BJDX/WEN correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.24). The 5-year figure is -0.13, and annualized covariance runs at -1122.3 %².
Among the 19 assets we track against BJDX, WEN ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WEN ahead by 63.3 points (-83.4% versus -20.1%). Note the risk asymmetry: BJDX runs 4.8 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 WEN: side by side
| BJDX (Bluejay Diagnostics, Inc.) | WEN (Wendy's Company (The)) | |
|---|---|---|
| 1-year return | -83.4% | -20.1% |
| 5-year return | -100.0% | -56.6% |
| Volatility (ann.) | 151.7% | 31.4% |
| Beta vs S&P 500 | -0.30 | 0.40 |
| Max drawdown (3Y) | -100.0% | -66.3% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | 11.8 |
| Dividend yield | 0.00% | 6.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJDX | WEN |
|---|---|---|
| 2022 | -85.2% | -2.8% |
| 2023 | -83.9% | -9.7% |
| 2024 | -99.0% | -11.4% |
| 2025 | -86.3% | -45.8% |
| 2026 | -65.9% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJDX and WEN good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJDX and WEN?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.45 over the last year and -0.13 over 5 years.
Is WEN a good diversifier for BJDX?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bjdx-vs-wen.json
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Related comparisons
Hubs: BJDX correlations · WEN correlations
