CRMT vs INHD: Correlation
Measured on weekly returns over the past three years, America's Car-Mart, Inc. (CRMT) and Inno Holdings Inc. (INHD) carry a correlation of -0.56, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMT and INHD?
Across a 3-year window, the weekly returns of CRMT and INHD correlate at -0.56, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.63 over 1 year against -0.56 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -98035.8 %².
Out of 13 assets tracked against CRMT, INHD lands near the bottom at #13. Their 12-month results are close: -95.1% for CRMT against -99.8% for INHD. Risk is not evenly split, since INHD carries 28.6 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.
CRMT vs INHD: side by side
| CRMT (America's Car-Mart, Inc.) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | -95.1% | -99.8% |
| 5-year return | -98.2% | n/a |
| Volatility (ann.) | 78.3% | 2238.2% |
| Beta vs S&P 500 | 1.85 | -0.52 |
| Max drawdown (3Y) | -98.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMT | INHD |
|---|---|---|
| 2022 | -29.4% | – |
| 2023 | +4.9% | – |
| 2024 | -32.4% | -67.3% |
| 2025 | -50.7% | -99.0% |
| 2026 | -90.9% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMT and INHD good diversifiers for each other?
Yes: at -0.56, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRMT and INHD?
Using weekly returns as of 2026-08-27: -0.56 over 3 years, with -0.63 over the last year and n/a over 5 years.
Is INHD a good diversifier for CRMT?
Yes: at -0.56, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.56 mean?
On the −1 to +1 scale, -0.56 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/crmt-vs-inhd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crmt-vs-inhd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRMT correlations · INHD correlations
