ENSG vs INHD: Correlation
The Ensign Group, Inc. (ENSG) and Inno Holdings Inc. (INHD) show a negative 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 ENSG and INHD?
On 3 years of weekly data the ENSG/INHD correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.32). The 5-year figure is n/a, and annualized covariance runs at -17498.5 %².
Out of 12 assets tracked against ENSG, INHD lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months ENSG outperformed by 100.7 percentage points (+0.9% for ENSG against -99.8% for INHD). Risk is not evenly split, since INHD carries 94.0 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.
ENSG vs INHD: side by side
| ENSG (The Ensign Group, Inc.) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | +0.9% | -99.8% |
| 5-year return | +115.6% | n/a |
| Volatility (ann.) | 23.8% | 2238.2% |
| Beta vs S&P 500 | 0.22 | -0.52 |
| Max drawdown (3Y) | -31.8% | -100.0% |
| Market cap | $10.1B | – |
| P/E (trailing) | 28.4 | 0.2 |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENSG | INHD |
|---|---|---|
| 2022 | +13.0% | – |
| 2023 | +18.9% | – |
| 2024 | +18.6% | -67.3% |
| 2025 | +31.3% | -99.0% |
| 2026 | -0.3% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENSG and INHD good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENSG and INHD?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.43 over the last year and n/a over 5 years.
Is INHD a good diversifier for ENSG?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
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/ensg-vs-inhd.json
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Related comparisons
Hubs: ENSG correlations · INHD correlations
