ANRO vs INBX: Correlation
How closely do Alto Neuroscience, Inc. (ANRO) and Inhibrx Biosciences, Inc. (INBX) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANRO and INBX?
Over the past 3 years, ANRO and INBX moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.40 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3805.3 %².
Within ANRO's tracked universe of 16 assets, INBX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ANRO ahead by 428.8 points (+781.1% 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.
ANRO vs INBX: side by side
| ANRO (Alto Neuroscience, Inc.) | INBX (Inhibrx Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +781.1% | +352.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 113.2% | 80.6% |
| Beta vs S&P 500 | 1.90 | 1.34 |
| Max drawdown (3Y) | -91.7% | -44.1% |
| Market cap | $1.4B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are ANRO and INBX good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANRO and INBX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is INBX a good diversifier for ANRO?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/anro-vs-inbx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anro-vs-inbx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANRO correlations · INBX correlations
