AMST vs INM: Correlation
Measured on weekly returns over the past three years, Amesite Inc. (AMST) and InMed Pharmaceuticals Inc. (INM) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMST and INM?
On 3 years of weekly data the AMST/INM correlation comes out at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.86 versus 0.42 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 8946.1 %².
By 3-year correlation, INM places #6 of the 15 assets tracked against AMST. Correlation aside, the last 12 months split them widely, with INM ahead by 23.4 points (-59.8% versus -36.4%).
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.
AMST vs INM: side by side
| AMST (Amesite Inc.) | INM (InMed Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -59.8% | -36.4% |
| 5-year return | -95.5% | -99.9% |
| Volatility (ann.) | 125.5% | 169.8% |
| Beta vs S&P 500 | 1.09 | 2.62 |
| Max drawdown (3Y) | -84.6% | -96.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMST | INM |
|---|---|---|
| 2022 | -83.0% | -93.8% |
| 2023 | +7.1% | -79.4% |
| 2024 | +111.1% | -43.0% |
| 2025 | -60.2% | -77.6% |
| 2026 | -42.3% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMST and INM good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMST and INM?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.86 over the last year and 0.31 over 5 years.
Is INM a good diversifier for AMST?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/amst-vs-inm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amst-vs-inm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMST correlations · INM correlations
