CMT vs INBS: Correlation
Core Molding Technologies Inc (CMT) and Intelligent Bio Solutions Inc. (INBS) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMT and INBS?
Over the past 3 years, CMT and INBS moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.28 over 3. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -2030.4 %².
INBS is close to the least connected end of CMT's tracked universe, ranking #13 of 13. The last year tells two different stories: CMT led by 116.2 percentage points, +30.5% for CMT against -85.7% for INBS. One caveat on sizing: INBS is 4.4 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.
CMT vs INBS: side by side
| CMT (Core Molding Technologies Inc) | INBS (Intelligent Bio Solutions Inc.) | |
|---|---|---|
| 1-year return | +30.5% | -85.7% |
| 5-year return | +80.4% | -100.0% |
| Volatility (ann.) | 40.3% | 177.9% |
| Beta vs S&P 500 | 0.39 | 2.07 |
| Max drawdown (3Y) | -56.0% | -99.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | 29.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMT | INBS |
|---|---|---|
| 2022 | +52.6% | -86.1% |
| 2023 | +42.6% | -91.5% |
| 2024 | -10.7% | -65.5% |
| 2025 | +21.2% | -31.9% |
| 2026 | +24.7% | -76.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMT and INBS good diversifiers for each other?
Yes. With a correlation of -0.28, CMT and INBS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CMT and INBS?
As of 2026-08-27, the correlation of weekly returns between CMT and INBS is -0.28 over 3 years, -0.22 over 1 year and -0.08 over 5 years.
Is INBS a good diversifier for CMT?
Yes. With a correlation of -0.28, CMT and INBS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/cmt-vs-inbs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmt-vs-inbs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CMT correlations · INBS correlations
