IDR vs TALO: Correlation
How closely do Idaho Strategic Resources, Inc. (IDR) and Talos Energy, Inc. (TALO) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDR and TALO?
On 3 years of weekly data the IDR/TALO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.24 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -809.9 %².
Out of 18 assets tracked against IDR, TALO lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months TALO outperformed by 48.9 percentage points (+26.3% for IDR against +75.2% for TALO). Risk is not evenly split, since IDR carries 1.6 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.
IDR vs TALO: side by side
| IDR (Idaho Strategic Resources, Inc.) | TALO (Talos Energy, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +75.2% |
| 5-year return | +702.8% | +37.6% |
| Volatility (ann.) | 73.6% | 45.1% |
| Beta vs S&P 500 | 0.68 | 0.35 |
| Max drawdown (3Y) | -50.0% | -63.2% |
| Market cap | $0.5B | $2.8B |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDR | TALO |
|---|---|---|
| 2022 | -23.4% | +92.7% |
| 2023 | +11.1% | -24.6% |
| 2024 | +61.0% | -31.8% |
| 2025 | +295.5% | +13.5% |
| 2026 | -16.1% | +51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDR and TALO good diversifiers for each other?
Yes. With a correlation of -0.24, IDR and TALO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IDR and TALO?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.49 over the last year and -0.14 over 5 years.
Is TALO a good diversifier for IDR?
Yes. With a correlation of -0.24, IDR and TALO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
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Related comparisons
Hubs: IDR correlations · TALO correlations
