BMR vs ENGN: Correlation
How closely do Beamr Imaging Ltd. (BMR) and enGene Therapeutics Inc. (ENGN) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and ENGN?
Across a 3-year window, the weekly returns of BMR and ENGN correlate at 0.38, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.38). Stretching to 5 years gives n/a, with an annualized covariance of 19302.6 %².
Among the 36 assets we track against BMR, ENGN ranks #19 by 3-year correlation. Their 12-month results are close: -57.8% for BMR against -56.0% for ENGN. Note the risk asymmetry: BMR runs 2.1 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.
BMR vs ENGN: side by side
| BMR (Beamr Imaging Ltd.) | ENGN (enGene Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -57.8% | -56.0% |
| 5-year return | n/a | -80.6% |
| Volatility (ann.) | 324.4% | 156.3% |
| Beta vs S&P 500 | 1.15 | -0.97 |
| Max drawdown (3Y) | -92.7% | -94.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | ENGN |
|---|---|---|
| 2023 | – | -10.6% |
| 2024 | +239.3% | -28.0% |
| 2025 | -68.1% | +35.8% |
| 2026 | -18.5% | -78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and ENGN good diversifiers for each other?
Reasonably. At 0.38, BMR and ENGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BMR and ENGN?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.14 over the last year and n/a over 5 years.
Is ENGN a good diversifier for BMR?
Reasonably. At 0.38, BMR and ENGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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
$ curl https://www.pairbook.io/api/v1/pairs/bmr-vs-engn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmr-vs-engn/)
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Related comparisons
Hubs: BMR correlations · ENGN correlations
