CASY vs INHD: Correlation
Measured on weekly returns over the past three years, Casey's (CASY) and Inno Holdings Inc. (INHD) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASY and INHD?
Over the past 3 years, CASY and INHD moved with a correlation of 0.35, which is moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 22335.7 %².
By 3-year correlation, INHD places #5 of the 30 assets tracked against CASY. Correlation aside, the last 12 months split them widely, with CASY ahead by 153.5 points (+53.7% versus -99.8%). One caveat on sizing: INHD is 77.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CASY vs INHD: side by side
| CASY (Casey's) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | +53.7% | -99.8% |
| 5-year return | +284.3% | n/a |
| Volatility (ann.) | 28.9% | 2238.2% |
| Beta vs S&P 500 | 0.39 | -0.52 |
| Max drawdown (3Y) | -16.6% | -100.0% |
| Market cap | $28.2B | – |
| P/E (trailing) | 42.2 | 0.2 |
| Dividend yield | 0.28% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CASY | INHD |
|---|---|---|
| 2022 | +14.5% | – |
| 2023 | +23.3% | – |
| 2024 | +45.0% | -67.3% |
| 2025 | +40.1% | -99.0% |
| 2026 | +38.4% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASY and INHD good diversifiers for each other?
Reasonably. At 0.35, CASY and INHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CASY and INHD?
As of 2026-08-27, the correlation of weekly returns between CASY and INHD is 0.35 over 3 years, 0.49 over 1 year and n/a over 5 years.
Is INHD a good diversifier for CASY?
Reasonably. At 0.35, CASY and INHD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/casy-vs-inhd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/casy-vs-inhd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CASY correlations · INHD correlations
