GSIT vs INBX: Correlation
How closely do GSI Technology, Inc. (GSIT) and Inhibrx Biosciences, Inc. (INBX) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIT and INBX?
On 3 years of weekly data the GSIT/INBX correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.41 over 3. The 5-year figure is n/a, and annualized covariance runs at 3488.7 %².
By 3-year correlation, INBX places #6 of the 11 assets tracked against GSIT. Correlation aside, the last 12 months split them widely, with INBX ahead by 255.0 points (+97.3% versus +352.3%).
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.
GSIT vs INBX: side by side
| GSIT (GSI Technology, Inc.) | INBX (Inhibrx Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +97.3% | +352.3% |
| 5-year return | +5.1% | n/a |
| Volatility (ann.) | 109.2% | 80.6% |
| Beta vs S&P 500 | 3.12 | 1.34 |
| Max drawdown (3Y) | -66.7% | -44.1% |
| Market cap | $0.2B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSIT | INBX |
|---|---|---|
| 2022 | -62.6% | – |
| 2023 | +52.6% | – |
| 2024 | +14.8% | – |
| 2025 | +105.0% | +413.0% |
| 2026 | -4.3% | +56.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIT and INBX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GSIT and INBX?
The GSIT/INBX correlation stands at 0.41 on a 3-year window (1 year: 0.50, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is INBX a good diversifier for GSIT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GSIT correlations · INBX correlations
