BMR vs VGAS: Correlation
Measured on weekly returns over the past three years, Beamr Imaging Ltd. (BMR) and Verde Clean Fuels, Inc. (VGAS) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMR and VGAS?
On 3 years of weekly data the BMR/VGAS correlation comes out at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.58). The 5-year figure is n/a, and annualized covariance runs at 17859.7 %².
Within BMR's tracked universe of 36 assets, VGAS comes in at #5 by 3-year correlation. Their 12-month results are close: -57.8% for BMR against -54.5% for VGAS. Risk is not evenly split, since BMR carries 3.4 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 VGAS: side by side
| BMR (Beamr Imaging Ltd.) | VGAS (Verde Clean Fuels, Inc.) | |
|---|---|---|
| 1-year return | -57.8% | -54.5% |
| 5-year return | n/a | -86.2% |
| Volatility (ann.) | 324.4% | 94.3% |
| Beta vs S&P 500 | 1.15 | 0.91 |
| Max drawdown (3Y) | -92.7% | -82.3% |
| 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 | VGAS |
|---|---|---|
| 2022 | – | -8.2% |
| 2023 | – | -74.1% |
| 2024 | +239.3% | +72.2% |
| 2025 | -68.1% | -49.3% |
| 2026 | -18.5% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMR and VGAS good diversifiers for each other?
Only partially. A correlation of 0.58 means BMR and VGAS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BMR and VGAS?
The BMR/VGAS correlation stands at 0.58 on a 3-year window (1 year: 0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VGAS a good diversifier for BMR?
Only partially. A correlation of 0.58 means BMR and VGAS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-vgas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmr-vs-vgas/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BMR correlations · VGAS correlations
