BMI vs RMSG: Correlation
Badger Meter, Inc. (BMI) and Real Messenger Corporation (RMSG) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMI and RMSG?
Over the past 3 years, BMI and RMSG moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.57) than the 3-year average (-0.32). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -3735.4 %².
Among the 15 assets we track against BMI, RMSG sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months BMI outperformed by 62.9 percentage points (-26.1% for BMI against -89.0% for RMSG). Risk is not evenly split, since RMSG carries 9.2 times the volatility of the other side.
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.
BMI vs RMSG: side by side
| BMI (Badger Meter, Inc.) | RMSG (Real Messenger Corporation) | |
|---|---|---|
| 1-year return | -26.1% | -89.0% |
| 5-year return | +33.9% | -96.3% |
| Volatility (ann.) | 35.9% | 329.1% |
| Beta vs S&P 500 | 0.62 | 4.85 |
| Max drawdown (3Y) | -55.1% | -99.1% |
| Market cap | $4.0B | – |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMI | RMSG |
|---|---|---|
| 2022 | +3.2% | +5.1% |
| 2023 | +42.6% | +9.6% |
| 2024 | +38.3% | -77.7% |
| 2025 | -17.2% | -47.1% |
| 2026 | -20.3% | -73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMI and RMSG good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BMI and RMSG?
As of 2026-08-27, the correlation of weekly returns between BMI and RMSG is -0.32 over 3 years, -0.57 over 1 year and -0.26 over 5 years.
Is RMSG a good diversifier for BMI?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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/bmi-vs-rmsg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmi-vs-rmsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMI correlations · RMSG correlations
