ANNA vs INBX: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and Inhibrx Biosciences, Inc. (INBX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and INBX?
Across a 3-year window, the weekly returns of ANNA and INBX correlate at -0.29, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -2358.0 %².
Among the 103 assets we track against ANNA, INBX ranks #97 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INBX ahead by 386.6 points (-34.3% versus +352.3%).
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.
ANNA vs INBX: side by side
| ANNA (AleAnna, Inc.) | INBX (Inhibrx Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -34.3% | +352.3% |
| 5-year return | -71.7% | n/a |
| Volatility (ann.) | 88.7% | 80.6% |
| Beta vs S&P 500 | -0.92 | 1.34 |
| Max drawdown (3Y) | -86.3% | -44.1% |
| Market cap | $0.1B | $1.8B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | INBX |
|---|---|---|
| 2023 | +7.3% | – |
| 2024 | -37.6% | – |
| 2025 | -57.6% | +413.0% |
| 2026 | -3.0% | +56.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and INBX good diversifiers for each other?
Yes. With a correlation of -0.29, ANNA and INBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and INBX?
The ANNA/INBX correlation stands at -0.29 on a 3-year window (1 year: -0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is INBX a good diversifier for ANNA?
Yes. With a correlation of -0.29, ANNA and INBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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.
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Related comparisons
Hubs: ANNA correlations · INBX correlations
