GDC vs INM: Correlation
GD Culture Group Limited (GDC) and InMed Pharmaceuticals Inc. (INM) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDC and INM?
Over the past 3 years, GDC and INM moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.31). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 9626.6 %².
Among the 12 assets we track against GDC, INM ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INM ahead by 63.4 points (-99.8% versus -36.4%).
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.
GDC vs INM: side by side
| GDC (GD Culture Group Limited) | INM (InMed Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -99.8% | -36.4% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 181.6% | 169.8% |
| Beta vs S&P 500 | 1.33 | 2.62 |
| Max drawdown (3Y) | -99.9% | -96.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDC | INM |
|---|---|---|
| 2022 | -93.5% | -93.8% |
| 2023 | +23.0% | -79.4% |
| 2024 | -26.5% | -43.0% |
| 2025 | +125.4% | -77.6% |
| 2026 | -99.8% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDC and INM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDC and INM?
As of 2026-08-27, the correlation of weekly returns between GDC and INM is 0.31 over 3 years, -0.08 over 1 year and 0.30 over 5 years.
Is INM a good diversifier for GDC?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdc-vs-inm/)
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Related comparisons
Hubs: GDC correlations · INM correlations
