INBS vs NMTC: Correlation
How closely do Intelligent Bio Solutions Inc. (INBS) and NeuroOne Medical Technologies Corporation (NMTC) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBS and NMTC?
Across a 3-year window, the weekly returns of INBS and NMTC correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.34 over 3 years. Stretching to 5 years gives 0.18, with an annualized covariance of 5075.5 %².
Within INBS's tracked universe of 10 assets, NMTC comes in at #4 by 3-year correlation. The last year tells two different stories: NMTC led by 29.7 percentage points, -85.7% for INBS against -56.0% for NMTC. One caveat on sizing: INBS is 2.1 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 NMTC: side by side
| INBS (Intelligent Bio Solutions Inc.) | NMTC (NeuroOne Medical Technologies Corporation) | |
|---|---|---|
| 1-year return | -85.7% | -56.0% |
| 5-year return | -100.0% | -91.3% |
| Volatility (ann.) | 177.9% | 83.8% |
| Beta vs S&P 500 | 2.07 | 1.16 |
| Max drawdown (3Y) | -99.4% | -86.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBS | NMTC |
|---|---|---|
| 2022 | -86.1% | -38.1% |
| 2023 | -91.5% | +31.7% |
| 2024 | -65.5% | -47.7% |
| 2025 | -31.9% | -8.2% |
| 2026 | -76.2% | -56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBS and NMTC good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INBS and NMTC?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.24 over the last year and 0.18 over 5 years.
Is NMTC a good diversifier for INBS?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/inbs-vs-nmtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inbs-vs-nmtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INBS correlations · NMTC correlations
