ALP vs INM: Correlation
Alpha Compute Corp (ALP) and InMed Pharmaceuticals Inc. (INM) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALP and INM?
Across a 3-year window, the weekly returns of ALP and INM correlate at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.30 over 3 years. Stretching to 5 years gives 0.25, with an annualized covariance of 10001.7 %².
Among the 10 assets we track against ALP, INM ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months INM outperformed by 61.2 percentage points (-97.6% for ALP against -36.4% for INM).
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.
ALP vs INM: side by side
| ALP (Alpha Compute Corp) | INM (InMed Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -97.6% | -36.4% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 195.0% | 169.8% |
| Beta vs S&P 500 | 1.99 | 2.62 |
| Max drawdown (3Y) | -99.8% | -96.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALP | INM |
|---|---|---|
| 2022 | -50.7% | -93.8% |
| 2023 | -65.6% | -79.4% |
| 2024 | -85.8% | -43.0% |
| 2025 | -88.4% | -77.6% |
| 2026 | -70.6% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALP and INM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALP and INM?
The ALP/INM correlation stands at 0.30 on a 3-year window (1 year: 0.19, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is INM a good diversifier for ALP?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alp-vs-inm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alp-vs-inm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALP correlations · INM correlations
