IFRX vs P: Correlation
How closely do InflaRx N.V. (IFRX) and Everpure, Inc. (P) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFRX and P?
Across a 3-year window, the weekly returns of IFRX and P correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.20, with an annualized covariance of 2277.0 %².
In IFRX's tracked universe of 11 assets, P sits right near the top at #3. The last year tells two different stories: IFRX led by 63.9 percentage points, +127.0% for IFRX against +63.1% for P. One caveat on sizing: IFRX is 1.7 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.
IFRX vs P: side by side
| IFRX (InflaRx N.V.) | P (Everpure, Inc.) | |
|---|---|---|
| 1-year return | +127.0% | +63.1% |
| 5-year return | -9.2% | +288.3% |
| Volatility (ann.) | 102.6% | 58.7% |
| Beta vs S&P 500 | 1.54 | 2.05 |
| Max drawdown (3Y) | -82.4% | -48.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | 135.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IFRX | P |
|---|---|---|
| 2022 | -34.9% | -17.8% |
| 2023 | -47.4% | +33.3% |
| 2024 | +51.5% | +72.3% |
| 2025 | -59.1% | +9.1% |
| 2026 | +124.8% | +48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFRX and P good diversifiers for each other?
Reasonably. At 0.38, IFRX and P keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IFRX and P?
As of 2026-08-27, the correlation of weekly returns between IFRX and P is 0.38 over 3 years, 0.33 over 1 year and 0.20 over 5 years.
Is P a good diversifier for IFRX?
Reasonably. At 0.38, IFRX and P keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ifrx-vs-p.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ifrx-vs-p/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IFRX correlations · P correlations
