BRTX vs BWLP: Correlation
How closely do BioRestorative Therapies, Inc. (BRTX) and BW LPG Limited (BWLP) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRTX and BWLP?
Over the past 3 years, BRTX and BWLP moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.41) sits close to the 3-year figure. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -2067.4 %².
Out of 10 assets tracked against BRTX, BWLP lands near the bottom at #9. The last year tells two different stories: BWLP led by 159.2 percentage points, -86.8% for BRTX against +72.4% for BWLP. Risk is not evenly split, since BRTX carries 2.6 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.
BRTX vs BWLP: side by side
| BRTX (BioRestorative Therapies, Inc.) | BWLP (BW LPG Limited) | |
|---|---|---|
| 1-year return | -86.8% | +72.4% |
| 5-year return | -98.4% | +841.4% |
| Volatility (ann.) | 125.6% | 48.8% |
| Beta vs S&P 500 | 1.27 | 0.74 |
| Max drawdown (3Y) | -95.1% | -54.3% |
| Market cap | – | $3.7B |
| P/E (trailing) | – | 9.9 |
| Dividend yield | 0.00% | 7.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRTX | BWLP |
|---|---|---|
| 2022 | -36.6% | +60.4% |
| 2023 | -36.7% | +157.7% |
| 2024 | -17.8% | -7.2% |
| 2025 | -17.8% | +22.9% |
| 2026 | -82.5% | +99.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRTX and BWLP good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRTX and BWLP?
The BRTX/BWLP correlation stands at -0.34 on a 3-year window (1 year: -0.41, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is BWLP a good diversifier for BRTX?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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: BRTX correlations · BWLP correlations
