BMR vs OCGN: Correlation
Beamr Imaging Ltd. (BMR) and Ocugen, Inc. (OCGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and OCGN?
On 3 years of weekly data the BMR/OCGN correlation comes out at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.48 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 14843.8 %².
Among the 36 assets we track against BMR, OCGN ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OCGN outperformed by 89.5 percentage points (-57.8% for BMR against +31.7% for OCGN). One caveat on sizing: BMR is 3.4 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 OCGN: side by side
| BMR (Beamr Imaging Ltd.) | OCGN (Ocugen, Inc.) | |
|---|---|---|
| 1-year return | -57.8% | +31.7% |
| 5-year return | n/a | -81.2% |
| Volatility (ann.) | 324.4% | 95.8% |
| Beta vs S&P 500 | 1.15 | 1.22 |
| Max drawdown (3Y) | -92.7% | -73.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | OCGN |
|---|---|---|
| 2022 | – | -71.4% |
| 2023 | – | -55.8% |
| 2024 | +239.3% | +40.0% |
| 2025 | -68.1% | +67.7% |
| 2026 | -18.5% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and OCGN good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BMR and OCGN?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.27 over the last year and n/a over 5 years.
Is OCGN a good diversifier for BMR?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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-ocgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmr-vs-ocgn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMR correlations · OCGN correlations
