IN8bio, Inc. Common Stock (INAB) — Stock Correlations & Overview
Over the past year, INAB has moved most closely with OVID, SURI, HQL. Explore the stocks most correlated and inversely correlated with INAB below, along with its price, financials, and company profile.
Stocks correlated with INAB
Correlation of daily returns. Higher positive values move with INAB; negative values move opposite it. Informational only, not investment advice.
Most correlated with INAB
| Symbol | Company | Correlation |
|---|---|---|
| OVID | Ovid Therapeutics Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.36 |
| SURI | Simplify Propel Opportunities ETF | 0.33 |
| HQL | abrdn Life Sciences Investors | 0.30 |
| CADL | Candel Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.30 |
| ACRV | Acrivon Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.30 |
Most inversely correlated with INAB
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.29 |
| TSLQ | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF | -0.28 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.28 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.26 |
| SH | ProShares Short S&P500 | -0.26 |
Frequently asked questions about INAB correlations
- Which stocks are most correlated with INAB?
- Based on one year of daily returns, the stocks most correlated with IN8bio, Inc. Common Stock (INAB) are OVID (0.36), SURI (0.33) and HQL (0.30). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with INAB?
- Over the past year, the stocks most inversely correlated with IN8bio, Inc. Common Stock (INAB) are SARK (-0.29), TSLQ (-0.28) and LABD (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these INAB correlations calculated?
- We compute the correlation of daily returns between INAB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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