INAB vs TLSI: Correlation
How closely do IN8bio, Inc. (INAB) and TriSalus Life Sciences, Inc. (TLSI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INAB and TLSI?
Over the past 3 years, INAB and TLSI moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.05) than the 3-year average (0.42). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 4229.7 %².
TLSI is one of the assets that tracks INAB most closely: it ranks #2 out of the 12 assets we track against INAB. Correlation aside, the last 12 months split them widely, with TLSI ahead by 51.1 points (-54.4% versus -3.3%).
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.
INAB vs TLSI: side by side
| INAB (IN8bio, Inc.) | TLSI (TriSalus Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | -54.4% | -3.3% |
| 5-year return | -99.5% | -49.6% |
| Volatility (ann.) | 113.3% | 89.7% |
| Beta vs S&P 500 | 1.67 | 1.13 |
| Max drawdown (3Y) | -98.6% | -75.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INAB | TLSI |
|---|---|---|
| 2022 | -47.4% | +1.5% |
| 2023 | -40.3% | -15.8% |
| 2024 | -81.4% | -40.7% |
| 2025 | -69.6% | +39.3% |
| 2026 | -55.6% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INAB and TLSI good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INAB and TLSI?
As of 2026-08-27, the correlation of weekly returns between INAB and TLSI is 0.42 over 3 years, 0.05 over 1 year and 0.31 over 5 years.
Is TLSI a good diversifier for INAB?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/inab-vs-tlsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inab-vs-tlsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INAB correlations · TLSI correlations
