BMR vs NNOX: Correlation
Measured on weekly returns over the past three years, Beamr Imaging Ltd. (BMR) and NANO-X IMAGING LTD (NNOX) 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 NNOX?
Over the past 3 years, BMR and NNOX moved with a correlation of 0.69, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.69 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 24035.5 %².
Within BMR's tracked universe of 36 assets, NNOX comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BMR outperformed by 20.8 percentage points (-57.8% for BMR against -78.6% for NNOX). Note the risk asymmetry: BMR runs 3.0 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 NNOX: side by side
| BMR (Beamr Imaging Ltd.) | NNOX (NANO-X IMAGING LTD) | |
|---|---|---|
| 1-year return | -57.8% | -78.6% |
| 5-year return | n/a | -96.5% |
| Volatility (ann.) | 324.4% | 106.8% |
| Beta vs S&P 500 | 1.15 | 1.70 |
| Max drawdown (3Y) | -92.7% | -93.5% |
| 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 | NNOX |
|---|---|---|
| 2022 | – | -49.2% |
| 2023 | – | -13.7% |
| 2024 | +239.3% | +13.0% |
| 2025 | -68.1% | -61.1% |
| 2026 | -18.5% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and NNOX good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BMR and NNOX?
As of 2026-08-27, the correlation of weekly returns between BMR and NNOX is 0.69 over 3 years, 0.14 over 1 year and n/a over 5 years.
Is NNOX a good diversifier for BMR?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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-nnox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmr-vs-nnox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMR correlations · NNOX correlations
