BSEM vs SA: Correlation
Measured on weekly returns over the past three years, BioStem Technologies, Inc. (BSEM) and Seabridge Gold, Inc. (SA) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSEM and SA?
Over the past 3 years, BSEM and SA moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 2420.4 %².
Few assets follow BSEM as closely as SA, which ranks #1 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months SA outperformed by 144.8 percentage points (-39.7% for BSEM against +105.1% for SA). Risk is not evenly split, since BSEM carries 2.0 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.
BSEM vs SA: side by side
| BSEM (BioStem Technologies, Inc.) | SA (Seabridge Gold, Inc.) | |
|---|---|---|
| 1-year return | -39.7% | +105.1% |
| 5-year return | +263.2% | +93.2% |
| Volatility (ann.) | 113.1% | 56.7% |
| Beta vs S&P 500 | 1.65 | 1.46 |
| Max drawdown (3Y) | -88.0% | -52.5% |
| Market cap | $0.1B | $3.7B |
| P/E (trailing) | 4.1 | 179.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSEM | SA |
|---|---|---|
| 2022 | +187.5% | -23.7% |
| 2023 | +96.0% | -3.6% |
| 2024 | +136.2% | -5.9% |
| 2025 | -72.5% | +159.3% |
| 2026 | +1.0% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSEM and SA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BSEM and SA?
As of 2026-08-27, the correlation of weekly returns between BSEM and SA is 0.38 over 3 years, 0.34 over 1 year and 0.21 over 5 years.
Is SA a good diversifier for BSEM?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BSEM correlations · SA correlations
