BMR vs SBFM: Correlation
Beamr Imaging Ltd. (BMR) and Sunshine Biopharma Inc. (SBFM) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and SBFM?
Across a 3-year window, the weekly returns of BMR and SBFM correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.20) than the 3-year average (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -10761.7 %².
Among the 36 assets we track against BMR, SBFM ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BMR ahead by 33.6 points (-57.8% versus -91.4%). One caveat on sizing: BMR is 2.6 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 SBFM: side by side
| BMR (Beamr Imaging Ltd.) | SBFM (Sunshine Biopharma Inc.) | |
|---|---|---|
| 1-year return | -57.8% | -91.4% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 324.4% | 123.8% |
| Beta vs S&P 500 | 1.15 | 1.40 |
| Max drawdown (3Y) | -92.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | SBFM |
|---|---|---|
| 2023 | – | -57.5% |
| 2024 | +239.3% | -99.4% |
| 2025 | -68.1% | -59.0% |
| 2026 | -18.5% | -89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and SBFM good diversifiers for each other?
Yes. With a correlation of -0.27, BMR and SBFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BMR and SBFM?
The BMR/SBFM correlation stands at -0.27 on a 3-year window (1 year: 0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SBFM a good diversifier for BMR?
Yes. With a correlation of -0.27, BMR and SBFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bmr-vs-sbfm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmr-vs-sbfm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMR correlations · SBFM correlations
