BMR vs SSRM: Correlation
Measured on weekly returns over the past three years, Beamr Imaging Ltd. (BMR) and SSR Mining Inc. (SSRM) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and SSRM?
Over the past 3 years, BMR and SSRM moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.17) runs above the 3-year figure (-0.42). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -8699.8 %².
SSRM is close to the least connected end of BMR's tracked universe, ranking #36 of 36. Their recent paths diverged sharply: over the last 12 months SSRM outperformed by 169.6 percentage points (-57.8% for BMR against +111.8% for SSRM). Risk is not evenly split, since BMR carries 5.0 times the volatility of the other side.
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 SSRM: side by side
| BMR (Beamr Imaging Ltd.) | SSRM (SSR Mining Inc.) | |
|---|---|---|
| 1-year return | -57.8% | +111.8% |
| 5-year return | n/a | +149.2% |
| Volatility (ann.) | 324.4% | 64.6% |
| Beta vs S&P 500 | 1.15 | 0.98 |
| Max drawdown (3Y) | -92.7% | -73.4% |
| Market cap | – | $8.0B |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 0.00% | 0.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMR | SSRM |
|---|---|---|
| 2022 | – | -10.0% |
| 2023 | – | -29.9% |
| 2024 | +239.3% | -35.3% |
| 2025 | -68.1% | +214.9% |
| 2026 | -18.5% | +78.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and SSRM good diversifiers for each other?
Yes. With a correlation of -0.42, BMR and SSRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BMR and SSRM?
The BMR/SSRM correlation stands at -0.42 on a 3-year window (1 year: 0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SSRM a good diversifier for BMR?
Yes. With a correlation of -0.42, BMR and SSRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
A reading of -0.42 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-ssrm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmr-vs-ssrm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMR correlations · SSRM correlations
