BMRA vs FOXX: Correlation
Biomerica, Inc. (BMRA) and Foxx Development Holdings Inc. (FOXX) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRA and FOXX?
Over the past 3 years, BMRA and FOXX moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1960.0 %².
FOXX is close to the least connected end of BMRA's tracked universe, ranking #8 of 10. The last year tells two different stories: BMRA led by 21.0 percentage points, -33.3% for BMRA against -54.3% for FOXX.
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.
BMRA vs FOXX: side by side
| BMRA (Biomerica, Inc.) | FOXX (Foxx Development Holdings Inc.) | |
|---|---|---|
| 1-year return | -33.3% | -54.3% |
| 5-year return | -94.0% | n/a |
| Volatility (ann.) | 97.9% | 108.9% |
| Beta vs S&P 500 | 1.49 | -0.69 |
| Max drawdown (3Y) | -88.7% | -87.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMRA | FOXX |
|---|---|---|
| 2022 | -13.9% | – |
| 2023 | -62.7% | +8.2% |
| 2024 | -76.0% | -48.4% |
| 2025 | +5.0% | -18.7% |
| 2026 | -16.7% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRA and FOXX good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BMRA and FOXX?
The BMRA/FOXX correlation stands at -0.18 on a 3-year window (1 year: -0.17, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is FOXX a good diversifier for BMRA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/bmra-vs-foxx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmra-vs-foxx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMRA correlations · FOXX correlations
