CCCC vs INAB: Correlation
C4 Therapeutics, Inc. (CCCC) and IN8bio, Inc. (INAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCCC and INAB?
Over the past 3 years, CCCC and INAB moved with a correlation of 0.52, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.52). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 10946.3 %².
Few assets follow CCCC as closely as INAB, which ranks #3 of 19 tracked partners. The last year tells two different stories: CCCC led by 113.3 percentage points, +58.9% for CCCC against -54.4% for INAB. One caveat on sizing: CCCC is 1.6 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.
CCCC vs INAB: side by side
| CCCC (C4 Therapeutics, Inc.) | INAB (IN8bio, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | -54.4% |
| 5-year return | -90.1% | -99.5% |
| Volatility (ann.) | 184.7% | 113.3% |
| Beta vs S&P 500 | 3.22 | 1.67 |
| Max drawdown (3Y) | -90.0% | -98.6% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCCC | INAB |
|---|---|---|
| 2022 | -81.7% | -47.4% |
| 2023 | -4.2% | -40.3% |
| 2024 | -36.3% | -81.4% |
| 2025 | -46.9% | -69.6% |
| 2026 | +114.7% | -55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCCC and INAB good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CCCC and INAB?
As of 2026-08-27, the correlation of weekly returns between CCCC and INAB is 0.52 over 3 years, 0.20 over 1 year and 0.40 over 5 years.
Is INAB a good diversifier for CCCC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/cccc-vs-inab.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cccc-vs-inab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCCC correlations · INAB correlations
