GMEX vs IRMD: Correlation
GMEX ROBOTICS CORPORATION - Class A (GMEX) and iRadimed Corporation (IRMD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and IRMD?
On 3 years of weekly data the GMEX/IRMD correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.21). The 5-year figure is n/a, and annualized covariance runs at -1261.1 %².
By 3-year correlation, IRMD places #12 of the 17 assets tracked against GMEX. Their recent paths diverged sharply: over the last 12 months IRMD outperformed by 119.4 percentage points (-100.0% for GMEX against +19.4% for IRMD). Note the risk asymmetry: GMEX runs 6.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GMEX vs IRMD: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | IRMD (iRadimed Corporation) | |
|---|---|---|
| 1-year return | -100.0% | +19.4% |
| 5-year return | n/a | +185.4% |
| Volatility (ann.) | 195.3% | 30.9% |
| Beta vs S&P 500 | 2.43 | 0.61 |
| Max drawdown (3Y) | -100.0% | -24.9% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 48.9 |
| Dividend yield | 4710.28% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | IRMD |
|---|---|---|
| 2022 | – | -37.5% |
| 2023 | – | +75.4% |
| 2024 | +471.2% | +17.0% |
| 2025 | -99.6% | +79.7% |
| 2026 | -99.6% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and IRMD good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMEX and IRMD?
As of 2026-08-27, the correlation of weekly returns between GMEX and IRMD is -0.21 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is IRMD a good diversifier for GMEX?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gmex-vs-irmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gmex-vs-irmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GMEX correlations · IRMD correlations
