BMR vs MGIH: Correlation
Beamr Imaging Ltd. (BMR) and Millennium Group International Holdings Limited (MGIH) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and MGIH?
On 3 years of weekly data the BMR/MGIH correlation comes out at 0.54, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.54). The 5-year figure is n/a, and annualized covariance runs at 17722.6 %².
Within BMR's tracked universe of 36 assets, MGIH comes in at #6 by 3-year correlation. The last year tells two different stories: MGIH led by 44.0 percentage points, -57.8% for BMR against -13.8% for MGIH. One caveat on sizing: BMR is 3.2 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 MGIH: side by side
| BMR (Beamr Imaging Ltd.) | MGIH (Millennium Group International Holdings Limited) | |
|---|---|---|
| 1-year return | -57.8% | -13.8% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 324.4% | 100.5% |
| Beta vs S&P 500 | 1.15 | 0.32 |
| Max drawdown (3Y) | -92.7% | -60.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | MGIH |
|---|---|---|
| 2024 | +239.3% | +21.8% |
| 2025 | -68.1% | -17.9% |
| 2026 | -18.5% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and MGIH good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BMR and MGIH?
The BMR/MGIH correlation stands at 0.54 on a 3-year window (1 year: 0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MGIH a good diversifier for BMR?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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-mgih.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmr-vs-mgih/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMR correlations · MGIH correlations
