BCHT vs INBS: Correlation
Birchtech Corp. (BCHT) and Intelligent Bio Solutions Inc. (INBS) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCHT and INBS?
Over the past 3 years, BCHT and INBS moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.33 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 4735.5 %².
In BCHT's tracked universe of 12 assets, INBS sits right near the top at #2. The last year tells two different stories: BCHT led by 30.8 percentage points, -54.9% for BCHT against -85.7% for INBS. Note the risk asymmetry: INBS runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCHT vs INBS: side by side
| BCHT (Birchtech Corp.) | INBS (Intelligent Bio Solutions Inc.) | |
|---|---|---|
| 1-year return | -54.9% | -85.7% |
| 5-year return | -67.4% | -100.0% |
| Volatility (ann.) | 80.4% | 177.9% |
| Beta vs S&P 500 | 0.41 | 2.07 |
| Max drawdown (3Y) | -80.2% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCHT | INBS |
|---|---|---|
| 2022 | -55.9% | -86.1% |
| 2023 | +253.8% | -91.5% |
| 2024 | -44.6% | -65.5% |
| 2025 | +47.1% | -31.9% |
| 2026 | -66.9% | -76.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCHT and INBS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCHT and INBS?
As of 2026-08-27, the correlation of weekly returns between BCHT and INBS is 0.33 over 3 years, 0.16 over 1 year and 0.27 over 5 years.
Is INBS a good diversifier for BCHT?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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/bcht-vs-inbs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcht-vs-inbs/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BCHT correlations · INBS correlations
