CLDI vs INKT: Correlation
Measured on weekly returns over the past three years, Calidi Biotherapeutics, Inc. (CLDI) and MiNK Therapeutics, Inc. (INKT) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDI and INKT?
On 3 years of weekly data the CLDI/INKT correlation comes out at 0.66, strong. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.66 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 56210.4 %².
INKT is one of the assets that tracks CLDI most closely: it ranks #2 out of the 14 assets we track against CLDI. Their recent paths diverged sharply: over the last 12 months INKT outperformed by 68.2 percentage points (-95.1% for CLDI against -26.9% for INKT). One caveat on sizing: INKT is 2.5 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.
CLDI vs INKT: side by side
| CLDI (Calidi Biotherapeutics, Inc.) | INKT (MiNK Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -95.1% | -26.9% |
| 5-year return | -100.0% | -90.3% |
| Volatility (ann.) | 182.9% | 464.2% |
| Beta vs S&P 500 | 1.03 | 0.50 |
| Max drawdown (3Y) | -100.0% | -86.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDI | INKT |
|---|---|---|
| 2022 | +3.7% | -41.5% |
| 2023 | -85.2% | -59.0% |
| 2024 | -92.4% | -34.9% |
| 2025 | -91.5% | +60.0% |
| 2026 | -93.1% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDI and INKT good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLDI and INKT?
The CLDI/INKT correlation stands at 0.66 on a 3-year window (1 year: 0.32, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is INKT a good diversifier for CLDI?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cldi-vs-inkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cldi-vs-inkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLDI correlations · INKT correlations
