INBS vs JRVR: Correlation
Intelligent Bio Solutions Inc. (INBS) and James River Group Holdings, Inc. (JRVR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBS and JRVR?
Across a 3-year window, the weekly returns of INBS and JRVR correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -2070.1 %².
Out of 10 assets tracked against INBS, JRVR lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months JRVR outperformed by 59.3 percentage points (-85.7% for INBS against -26.4% for JRVR). One caveat on sizing: INBS is 3.5 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.
INBS vs JRVR: side by side
| INBS (Intelligent Bio Solutions Inc.) | JRVR (James River Group Holdings, Inc.) | |
|---|---|---|
| 1-year return | -85.7% | -26.4% |
| 5-year return | -100.0% | -88.2% |
| Volatility (ann.) | 177.9% | 51.3% |
| Beta vs S&P 500 | 2.07 | 0.55 |
| Max drawdown (3Y) | -99.4% | -77.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 9.4 |
| Dividend yield | 0.00% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBS | JRVR |
|---|---|---|
| 2022 | -86.1% | -26.8% |
| 2023 | -91.5% | -55.2% |
| 2024 | -65.5% | -46.2% |
| 2025 | -31.9% | +31.6% |
| 2026 | -76.2% | -35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBS and JRVR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between INBS and JRVR?
The INBS/JRVR correlation stands at -0.23 on a 3-year window (1 year: -0.13, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is JRVR a good diversifier for INBS?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/inbs-vs-jrvr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inbs-vs-jrvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INBS correlations · JRVR correlations
