ANGH vs INHD: Correlation
Measured on weekly returns over the past three years, Anghami Inc. (ANGH) and Inno Holdings Inc. (INHD) 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 ANGH and INHD?
Across a 3-year window, the weekly returns of ANGH and INHD correlate at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.42). Stretching to 5 years gives n/a, with an annualized covariance of 83677.2 %².
Few assets follow ANGH as closely as INHD, which ranks #2 of 10 tracked partners. The last year tells two different stories: ANGH led by 104.7 percentage points, +4.9% for ANGH against -99.8% for INHD. Risk is not evenly split, since INHD carries 18.0 times the volatility of the other side.
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.
ANGH vs INHD: side by side
| ANGH (Anghami Inc.) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | +4.9% | -99.8% |
| 5-year return | -96.5% | n/a |
| Volatility (ann.) | 124.2% | 2238.2% |
| Beta vs S&P 500 | 0.72 | -0.52 |
| Max drawdown (3Y) | -92.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | INHD |
|---|---|---|
| 2022 | -84.3% | – |
| 2023 | -34.8% | – |
| 2024 | -20.8% | -67.3% |
| 2025 | -54.2% | -99.0% |
| 2026 | -6.1% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and INHD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANGH and INHD?
As of 2026-08-27, the correlation of weekly returns between ANGH and INHD is 0.42 over 3 years, 0.55 over 1 year and n/a over 5 years.
Is INHD a good diversifier for ANGH?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/angh-vs-inhd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/angh-vs-inhd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANGH correlations · INHD correlations
