ALLR vs IFRX: Correlation
How closely do Allarity Therapeutics, Inc. (ALLR) and InflaRx N.V. (IFRX) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLR and IFRX?
On 3 years of weekly data the ALLR/IFRX correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.08, and annualized covariance runs at 3602.2 %².
Among the 10 assets we track against ALLR, IFRX ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IFRX ahead by 140.2 points (-13.2% versus +127.0%).
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.
ALLR vs IFRX: side by side
| ALLR (Allarity Therapeutics, Inc.) | IFRX (InflaRx N.V.) | |
|---|---|---|
| 1-year return | -13.2% | +127.0% |
| 5-year return | -100.0% | -9.2% |
| Volatility (ann.) | 107.8% | 102.6% |
| Beta vs S&P 500 | 1.25 | 1.54 |
| Max drawdown (3Y) | -99.9% | -82.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLR | IFRX |
|---|---|---|
| 2022 | -97.2% | -34.9% |
| 2023 | -99.9% | -47.4% |
| 2024 | -99.6% | +51.5% |
| 2025 | -7.7% | -59.1% |
| 2026 | +27.8% | +124.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLR and IFRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALLR and IFRX?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.28 over the last year and 0.08 over 5 years.
Is IFRX a good diversifier for ALLR?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ALLR correlations · IFRX correlations
