ARMP vs INBX: Correlation
How closely do Armata Pharmaceuticals, Inc. (ARMP) and Inhibrx Biosciences, Inc. (INBX) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARMP and INBX?
Over the past 3 years, ARMP and INBX moved with a correlation of 0.31, which is moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2301.8 %².
Within ARMP's tracked universe of 10 assets, INBX comes in at #4 by 3-year correlation. The last year tells two different stories: INBX led by 229.8 percentage points, +122.5% for ARMP against +352.3% for INBX.
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.
ARMP vs INBX: side by side
| ARMP (Armata Pharmaceuticals, Inc.) | INBX (Inhibrx Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +122.5% | +352.3% |
| 5-year return | +48.0% | n/a |
| Volatility (ann.) | 95.4% | 80.6% |
| Beta vs S&P 500 | 0.63 | 1.34 |
| Max drawdown (3Y) | -78.5% | -44.1% |
| Market cap | $0.2B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARMP | INBX |
|---|---|---|
| 2022 | -77.4% | – |
| 2023 | +161.3% | – |
| 2024 | -42.9% | – |
| 2025 | +239.5% | +413.0% |
| 2026 | -13.5% | +56.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARMP and INBX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARMP and INBX?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.39 over the last year and n/a over 5 years.
Is INBX a good diversifier for ARMP?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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: ARMP correlations · INBX correlations
