EDSA vs INTG: Correlation
Measured on weekly returns over the past three years, Edesa Biotech, Inc. (EDSA) and The Intergroup Corporation (INTG) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDSA and INTG?
Across a 3-year window, the weekly returns of EDSA and INTG correlate at 0.27, weak. Recent behaviour matches the longer record: 0.37 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 3141.8 %².
Within EDSA's tracked universe of 30 assets, INTG comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months INTG outperformed by 47.7 percentage points (+91.7% for EDSA against +139.4% for INTG). Note the risk asymmetry: EDSA runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EDSA vs INTG: side by side
| EDSA (Edesa Biotech, Inc.) | INTG (The Intergroup Corporation) | |
|---|---|---|
| 1-year return | +91.7% | +139.4% |
| 5-year return | -87.4% | -26.6% |
| Volatility (ann.) | 190.4% | 61.2% |
| Beta vs S&P 500 | -0.03 | 0.19 |
| Max drawdown (3Y) | -87.3% | -71.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDSA | INTG |
|---|---|---|
| 2022 | -61.6% | -7.6% |
| 2023 | -69.8% | -58.3% |
| 2024 | -63.2% | -27.4% |
| 2025 | -15.5% | +98.9% |
| 2026 | +223.9% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDSA and INTG good diversifiers for each other?
Reasonably. At 0.27, EDSA and INTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EDSA and INTG?
The EDSA/INTG correlation stands at 0.27 on a 3-year window (1 year: 0.37, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is INTG a good diversifier for EDSA?
Reasonably. At 0.27, EDSA and INTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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.
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Related comparisons
Hubs: EDSA correlations · INTG correlations
