CIVB vs INKT: Correlation
Measured on weekly returns over the past three years, Civista Bancshares, Inc. (CIVB) and MiNK Therapeutics, Inc. (INKT) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIVB and INKT?
Over the past 3 years, CIVB and INKT moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.15) than the 3-year average (-0.24). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -3623.7 %².
INKT is close to the least connected end of CIVB's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months CIVB outperformed by 62.1 percentage points (+35.2% for CIVB against -26.9% for INKT). One caveat on sizing: INKT is 14.3 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.
CIVB vs INKT: side by side
| CIVB (Civista Bancshares, Inc.) | INKT (MiNK Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | -26.9% |
| 5-year return | +39.0% | -90.3% |
| Volatility (ann.) | 32.4% | 464.2% |
| Beta vs S&P 500 | 0.71 | 0.50 |
| Max drawdown (3Y) | -25.2% | -86.7% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 2.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIVB | INKT |
|---|---|---|
| 2022 | -7.5% | -41.5% |
| 2023 | -13.2% | -59.0% |
| 2024 | +18.7% | -34.9% |
| 2025 | +9.1% | +60.0% |
| 2026 | +26.0% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIVB and INKT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CIVB and INKT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with 0.15 over the last year and -0.20 over 5 years.
Is INKT a good diversifier for CIVB?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/civb-vs-inkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/civb-vs-inkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIVB correlations · INKT correlations
