BMR vs QDEL: Correlation
How closely do Beamr Imaging Ltd. (BMR) and QuidelOrtho Corporation (QDEL) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and QDEL?
On 3 years of weekly data the BMR/QDEL correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.30 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -6369.0 %².
By 3-year correlation, QDEL places #31 of the 36 assets tracked against BMR. The trailing year gives QDEL the advantage: -57.8% versus -44.8%, a 13.0-point spread. Note the risk asymmetry: BMR runs 4.9 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 QDEL: side by side
| BMR (Beamr Imaging Ltd.) | QDEL (QuidelOrtho Corporation) | |
|---|---|---|
| 1-year return | -57.8% | -44.8% |
| 5-year return | n/a | -88.2% |
| Volatility (ann.) | 324.4% | 66.5% |
| Beta vs S&P 500 | 1.15 | 1.10 |
| Max drawdown (3Y) | -92.7% | -88.1% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | QDEL |
|---|---|---|
| 2022 | – | -36.5% |
| 2023 | – | -14.0% |
| 2024 | +239.3% | -39.6% |
| 2025 | -68.1% | -35.9% |
| 2026 | -18.5% | -46.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and QDEL good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BMR and QDEL?
The BMR/QDEL correlation stands at -0.30 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QDEL a good diversifier for BMR?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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-qdel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmr-vs-qdel/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMR correlations · QDEL correlations
