INBX vs UNF: Correlation
Measured on weekly returns over the past three years, Inhibrx Biosciences, Inc. (INBX) and Unifirst Corporation (UNF) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBX and UNF?
Across a 3-year window, the weekly returns of INBX and UNF correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -576.7 %².
Among the 16 assets we track against INBX, UNF ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INBX ahead by 290.0 points (+352.3% versus +62.3%). Note the risk asymmetry: INBX runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UNF: side by side
| INBX (Inhibrx Biosciences, Inc.) | UNF (Unifirst Corporation) | |
|---|---|---|
| 1-year return | +352.3% | +62.3% |
| 5-year return | n/a | +28.9% |
| Volatility (ann.) | 80.6% | 33.8% |
| Beta vs S&P 500 | 1.34 | 0.52 |
| Max drawdown (3Y) | -44.1% | -34.6% |
| Market cap | $1.8B | $5.2B |
| P/E (trailing) | – | 45.4 |
| Dividend yield | 0.00% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBX | UNF |
|---|---|---|
| 2022 | – | -7.6% |
| 2023 | – | -4.6% |
| 2024 | – | -5.7% |
| 2025 | +413.0% | +13.6% |
| 2026 | +56.9% | +48.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBX and UNF good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between INBX and UNF?
The INBX/UNF correlation stands at -0.20 on a 3-year window (1 year: -0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UNF a good diversifier for INBX?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-unf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inbx-vs-unf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INBX correlations · UNF correlations
