BMR vs ELMD: Correlation
How closely do Beamr Imaging Ltd. (BMR) and Electromed, Inc. (ELMD) 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 BMR and ELMD?
Over the past 3 years, BMR and ELMD moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.36 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5706.5 %².
Within BMR's tracked universe of 36 assets, ELMD comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ELMD outperformed by 79.5 percentage points (-57.8% for BMR against +21.7% for ELMD). Risk is not evenly split, since BMR carries 6.6 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.
BMR vs ELMD: side by side
| BMR (Beamr Imaging Ltd.) | ELMD (Electromed, Inc.) | |
|---|---|---|
| 1-year return | -57.8% | +21.7% |
| 5-year return | n/a | +144.2% |
| Volatility (ann.) | 324.4% | 48.9% |
| Beta vs S&P 500 | 1.15 | 0.63 |
| Max drawdown (3Y) | -92.7% | -48.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 24.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | ELMD |
|---|---|---|
| 2022 | – | -19.3% |
| 2023 | – | +4.0% |
| 2024 | +239.3% | +170.9% |
| 2025 | -68.1% | -1.5% |
| 2026 | -18.5% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and ELMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BMR and ELMD?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is ELMD a good diversifier for BMR?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: BMR correlations · ELMD correlations
