HELE vs INKT: Correlation
How closely do Helen of Troy Limited (HELE) and MiNK Therapeutics, Inc. (INKT) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HELE and INKT?
On 3 years of weekly data the HELE/INKT correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.30). The 5-year figure is -0.25, and annualized covariance runs at -7934.4 %².
Among the 11 assets we track against HELE, INKT sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with HELE ahead by 42.3 points (+15.4% versus -26.9%). Note the risk asymmetry: INKT runs 8.1 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.
HELE vs INKT: side by side
| HELE (Helen of Troy Limited) | INKT (MiNK Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +15.4% | -26.9% |
| 5-year return | -87.9% | -90.3% |
| Volatility (ann.) | 57.0% | 464.2% |
| Beta vs S&P 500 | 1.05 | 0.50 |
| Max drawdown (3Y) | -89.0% | -86.7% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HELE | INKT |
|---|---|---|
| 2022 | -54.6% | -41.5% |
| 2023 | +8.9% | -59.0% |
| 2024 | -50.5% | -34.9% |
| 2025 | -64.5% | +60.0% |
| 2026 | +36.1% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HELE and INKT good diversifiers for each other?
Yes. With a correlation of -0.30, HELE and INKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HELE and INKT?
As of 2026-08-27, the correlation of weekly returns between HELE and INKT is -0.30 over 3 years, 0.05 over 1 year and -0.25 over 5 years.
Is INKT a good diversifier for HELE?
Yes. With a correlation of -0.30, HELE and INKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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/hele-vs-inkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hele-vs-inkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HELE correlations · INKT correlations
