ADSK vs INHD: Correlation
Autodesk (ADSK) and Inno Holdings Inc. (INHD) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and INHD?
On 3 years of weekly data the ADSK/INHD correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.27). The 5-year figure is n/a, and annualized covariance runs at -18194.7 %².
Among the 44 assets we track against ADSK, INHD sits near the bottom by co-movement, at rank #41. The last year tells two different stories: ADSK led by 94.4 percentage points, -5.4% for ADSK against -99.8% for INHD. Note the risk asymmetry: INHD runs 72.4 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.
ADSK vs INHD: side by side
| ADSK (Autodesk) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -99.8% |
| 5-year return | -13.7% | n/a |
| Volatility (ann.) | 30.9% | 2238.2% |
| Beta vs S&P 500 | 1.04 | -0.52 |
| Max drawdown (3Y) | -42.6% | -100.0% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | INHD |
|---|---|---|
| 2022 | -33.5% | – |
| 2023 | +30.3% | – |
| 2024 | +21.4% | -67.3% |
| 2025 | +0.1% | -99.0% |
| 2026 | -8.6% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and INHD good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADSK and INHD?
As of 2026-08-27, the correlation of weekly returns between ADSK and INHD is -0.27 over 3 years, -0.41 over 1 year and n/a over 5 years.
Is INHD a good diversifier for ADSK?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adsk-vs-inhd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adsk-vs-inhd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADSK correlations · INHD correlations
