INBX vs MSAI: Correlation
Measured on weekly returns over the past three years, Inhibrx Biosciences, Inc. (INBX) and MultiSensor AI Holdings, Inc. (MSAI) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBX and MSAI?
Over the past 3 years, INBX and MSAI moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4071.0 %².
Few assets follow INBX as closely as MSAI, which ranks #1 of 16 tracked partners. The last year tells two different stories: INBX led by 433.8 percentage points, +352.3% for INBX against -81.5% for MSAI. One caveat on sizing: MSAI is 1.5 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.
INBX vs MSAI: side by side
| INBX (Inhibrx Biosciences, Inc.) | MSAI (MultiSensor AI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +352.3% | -81.5% |
| 5-year return | n/a | -98.6% |
| Volatility (ann.) | 80.6% | 122.9% |
| Beta vs S&P 500 | 1.34 | 1.24 |
| Max drawdown (3Y) | -44.1% | -99.1% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBX | MSAI |
|---|---|---|
| 2022 | – | +4.0% |
| 2023 | – | -67.2% |
| 2024 | – | -45.1% |
| 2025 | +413.0% | -84.3% |
| 2026 | +56.9% | -52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBX and MSAI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INBX and MSAI?
As of 2026-08-27, the correlation of weekly returns between INBX and MSAI is 0.46 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is MSAI a good diversifier for INBX?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/inbx-vs-msai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inbx-vs-msai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INBX correlations · MSAI correlations
