BMEA vs TRSG: Correlation
How closely do Biomea Fusion, Inc. (BMEA) and Tungray Technologies Inc - Class A (TRSG) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEA and TRSG?
Across a 3-year window, the weekly returns of BMEA and TRSG correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.23 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2231.6 %².
TRSG is close to the least connected end of BMEA's tracked universe, ranking #12 of 12. Their 12-month results are close: -9.7% for BMEA against -7.8% for TRSG.
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.
BMEA vs TRSG: side by side
| BMEA (Biomea Fusion, Inc.) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | -9.7% | -7.8% |
| 5-year return | -87.8% | n/a |
| Volatility (ann.) | 106.6% | 92.3% |
| Beta vs S&P 500 | 1.56 | 0.67 |
| Max drawdown (3Y) | -95.2% | -86.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMEA | TRSG |
|---|---|---|
| 2022 | +13.2% | – |
| 2023 | +72.2% | – |
| 2024 | -73.3% | – |
| 2025 | -68.0% | -49.2% |
| 2026 | +35.5% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEA and TRSG good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BMEA and TRSG?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is TRSG a good diversifier for BMEA?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/bmea-vs-trsg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmea-vs-trsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMEA correlations · TRSG correlations
