INBS vs ORMP: Correlation
Measured on weekly returns over the past three years, Intelligent Bio Solutions Inc. (INBS) and Oramed Pharmaceuticals Inc. (ORMP) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBS and ORMP?
On 3 years of weekly data the INBS/ORMP correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 3136.0 %².
Few assets follow INBS as closely as ORMP, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months ORMP outperformed by 233.2 percentage points (-85.7% for INBS against +147.5% for ORMP). One caveat on sizing: INBS is 3.8 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 ORMP: side by side
| INBS (Intelligent Bio Solutions Inc.) | ORMP (Oramed Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -85.7% | +147.5% |
| 5-year return | -100.0% | -71.1% |
| Volatility (ann.) | 177.9% | 47.3% |
| Beta vs S&P 500 | 2.07 | 0.65 |
| Max drawdown (3Y) | -99.4% | -50.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 1.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBS | ORMP |
|---|---|---|
| 2022 | -86.1% | -15.8% |
| 2023 | -91.5% | -80.8% |
| 2024 | -65.5% | +4.8% |
| 2025 | -31.9% | +17.8% |
| 2026 | -76.2% | +92.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBS and ORMP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INBS and ORMP?
The INBS/ORMP correlation stands at 0.37 on a 3-year window (1 year: 0.39, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is ORMP a good diversifier for INBS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-ormp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inbs-vs-ormp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INBS correlations · ORMP correlations
