ARTV vs IIIN: Correlation
How closely do Artiva Biotherapeutics, Inc. (ARTV) and Insteel Industries, Inc. (IIIN) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and IIIN?
Across a 3-year window, the weekly returns of ARTV and IIIN correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.56) runs below the 3-year figure (-0.30). Stretching to 5 years gives n/a, with an annualized covariance of -1821.3 %².
Among the 19 assets we track against ARTV, IIIN sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months ARTV outperformed by 283.3 percentage points (+265.1% for ARTV against -18.2% for IIIN). Risk is not evenly split, since ARTV carries 3.7 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.
ARTV vs IIIN: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | IIIN (Insteel Industries, Inc.) | |
|---|---|---|
| 1-year return | +265.1% | -18.2% |
| 5-year return | n/a | +6.5% |
| Volatility (ann.) | 145.0% | 39.5% |
| Beta vs S&P 500 | 2.62 | 0.99 |
| Max drawdown (3Y) | -90.7% | -37.0% |
| Market cap | $0.6B | $0.6B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | IIIN |
|---|---|---|
| 2022 | – | -25.6% |
| 2023 | – | +50.0% |
| 2024 | – | -26.8% |
| 2025 | -57.4% | +21.5% |
| 2026 | +178.3% | -3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and IIIN good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARTV and IIIN?
The ARTV/IIIN correlation stands at -0.30 on a 3-year window (1 year: -0.56, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IIIN a good diversifier for ARTV?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ARTV correlations · IIIN correlations
