FNGR vs INHD: Correlation
Measured on weekly returns over the past three years, FingerMotion, Inc. (FNGR) and Inno Holdings Inc. (INHD) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGR and INHD?
On 3 years of weekly data the FNGR/INHD correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -50309.2 %².
Out of 10 assets tracked against FNGR, INHD lands near the bottom at #9. Over the last 12 months FNGR came out ahead by 10.6 percentage points (-89.2% against -99.8%). One caveat on sizing: INHD is 23.7 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.
FNGR vs INHD: side by side
| FNGR (FingerMotion, Inc.) | INHD (Inno Holdings Inc.) | |
|---|---|---|
| 1-year return | -89.2% | -99.8% |
| 5-year return | -96.1% | n/a |
| Volatility (ann.) | 94.3% | 2238.2% |
| Beta vs S&P 500 | 0.99 | -0.52 |
| Max drawdown (3Y) | -97.9% | -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 | FNGR | INHD |
|---|---|---|
| 2022 | -60.5% | – |
| 2023 | +43.1% | – |
| 2024 | -70.1% | -67.3% |
| 2025 | +2.5% | -99.0% |
| 2026 | -85.9% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGR and INHD good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FNGR and INHD?
As of 2026-08-27, the correlation of weekly returns between FNGR and INHD is -0.24 over 3 years, -0.43 over 1 year and n/a over 5 years.
Is INHD a good diversifier for FNGR?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fngr-vs-inhd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngr-vs-inhd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGR correlations · INHD correlations
