CNC vs INMB: Correlation
Centene Corporation (CNC) and INmune Bio Inc. (INMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNC and INMB?
Across a 3-year window, the weekly returns of CNC and INMB correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.32 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 1098.1 %².
Among the 30 assets we track against CNC, INMB ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CNC ahead by 109.1 points (+126.5% versus +17.4%). Risk is not evenly split, since INMB carries 1.7 times the volatility of the other side.
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.
CNC vs INMB: side by side
| CNC (Centene Corporation) | INMB (INmune Bio Inc.) | |
|---|---|---|
| 1-year return | +126.5% | +17.4% |
| 5-year return | +3.3% | -89.4% |
| Volatility (ann.) | 45.4% | 76.1% |
| Beta vs S&P 500 | 0.36 | 1.33 |
| Max drawdown (3Y) | -68.6% | -92.0% |
| Market cap | $32.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CNC | INMB |
|---|---|---|
| 2022 | -0.5% | -37.8% |
| 2023 | -9.5% | +77.6% |
| 2024 | -18.4% | -58.5% |
| 2025 | -32.1% | -66.6% |
| 2026 | +58.8% | +53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNC and INMB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNC and INMB?
As of 2026-08-27, the correlation of weekly returns between CNC and INMB is 0.32 over 3 years, 0.17 over 1 year and 0.28 over 5 years.
Is INMB a good diversifier for CNC?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/cnc-vs-inmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnc-vs-inmb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNC correlations · INMB correlations
