IMDX vs RBKB: Correlation
Insight Molecular Diagnostics Inc. (IMDX) and Rhinebeck Bancorp, Inc. (RBKB) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMDX and RBKB?
On 3 years of weekly data the IMDX/RBKB correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.29). The 5-year figure is -0.16, and annualized covariance runs at -755.8 %².
RBKB is close to the least connected end of IMDX's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months IMDX outperformed by 41.5 percentage points (+73.0% for IMDX against +31.5% for RBKB). Risk is not evenly split, since IMDX carries 3.0 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.
IMDX vs RBKB: side by side
| IMDX (Insight Molecular Diagnostics Inc.) | RBKB (Rhinebeck Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +73.0% | +31.5% |
| 5-year return | -94.7% | +64.9% |
| Volatility (ann.) | 89.4% | 29.5% |
| Beta vs S&P 500 | 1.02 | 0.08 |
| Max drawdown (3Y) | -69.9% | -30.0% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMDX | RBKB |
|---|---|---|
| 2022 | -85.2% | -14.5% |
| 2023 | -61.1% | -11.6% |
| 2024 | -4.8% | +20.1% |
| 2025 | +215.1% | +24.3% |
| 2026 | -42.8% | +46.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMDX and RBKB good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMDX and RBKB?
The IMDX/RBKB correlation stands at -0.29 on a 3-year window (1 year: -0.41, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is RBKB a good diversifier for IMDX?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imdx-vs-rbkb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/imdx-vs-rbkb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMDX correlations · RBKB correlations
