BMR vs CHNR: Correlation
Measured on weekly returns over the past three years, Beamr Imaging Ltd. (BMR) and China Natural Resources, Inc. (CHNR) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and CHNR?
Over the past 3 years, BMR and CHNR moved with a correlation of 0.69, which is strong. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.69). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 18733.9 %².
Few assets follow BMR as closely as CHNR, which ranks #3 of 36 tracked partners. Correlation aside, the last 12 months split them widely, with CHNR ahead by 66.0 points (-57.8% versus +8.2%). One caveat on sizing: BMR is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BMR vs CHNR: side by side
| BMR (Beamr Imaging Ltd.) | CHNR (China Natural Resources, Inc.) | |
|---|---|---|
| 1-year return | -57.8% | +8.2% |
| 5-year return | n/a | -91.7% |
| Volatility (ann.) | 324.4% | 83.4% |
| Beta vs S&P 500 | 1.15 | 0.65 |
| Max drawdown (3Y) | -92.7% | -88.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | CHNR |
|---|---|---|
| 2022 | – | -34.5% |
| 2023 | – | -16.3% |
| 2024 | +239.3% | -57.2% |
| 2025 | -68.1% | -33.8% |
| 2026 | -18.5% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and CHNR good diversifiers for each other?
Only partially. A correlation of 0.69 means BMR and CHNR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BMR and CHNR?
As of 2026-08-27, the correlation of weekly returns between BMR and CHNR is 0.69 over 3 years, 0.36 over 1 year and n/a over 5 years.
Is CHNR a good diversifier for BMR?
Only partially. A correlation of 0.69 means BMR and CHNR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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/bmr-vs-chnr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmr-vs-chnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMR correlations · CHNR correlations
