BMRA vs NIVF: Correlation
How closely do Biomerica, Inc. (BMRA) and NewGenIvf Group Limited - Class A (NIVF) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRA and NIVF?
Over the past 3 years, BMRA and NIVF moved with a correlation of 0.36, which is moderate. The link has loosened recently: the 1-year correlation (0.00) runs below the 3-year figure (0.36). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 27986.3 %².
In BMRA's tracked universe of 10 assets, NIVF sits right near the top at #3. Correlation aside, the last 12 months split them widely, with BMRA ahead by 66.6 points (-33.3% versus -99.9%). Risk is not evenly split, since NIVF carries 8.2 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.
BMRA vs NIVF: side by side
| BMRA (Biomerica, Inc.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -33.3% | -99.9% |
| 5-year return | -94.0% | -100.0% |
| Volatility (ann.) | 97.9% | 800.3% |
| Beta vs S&P 500 | 1.49 | 5.34 |
| Max drawdown (3Y) | -88.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMRA | NIVF |
|---|---|---|
| 2022 | -13.9% | – |
| 2023 | -62.7% | +6.9% |
| 2024 | -76.0% | -96.3% |
| 2025 | +5.0% | -99.3% |
| 2026 | -16.7% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRA and NIVF good diversifiers for each other?
Reasonably. At 0.36, BMRA and NIVF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BMRA and NIVF?
The BMRA/NIVF correlation stands at 0.36 on a 3-year window (1 year: 0.00, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is NIVF a good diversifier for BMRA?
Reasonably. At 0.36, BMRA and NIVF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BMRA correlations · NIVF correlations
