INDP vs RMSG: Correlation
Measured on weekly returns over the past three years, Indaptus Therapeutics, Inc. (INDP) and Real Messenger Corporation (RMSG) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and RMSG?
Over the past 3 years, INDP and RMSG moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 15874.8 %².
Within INDP's tracked universe of 13 assets, RMSG comes in at #5 by 3-year correlation. Over the last 12 months INDP came out ahead by 7.1 percentage points (-81.9% against -89.0%). Risk is not evenly split, since RMSG carries 2.7 times the volatility of the other side.
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.
INDP vs RMSG: side by side
| INDP (Indaptus Therapeutics, Inc.) | RMSG (Real Messenger Corporation) | |
|---|---|---|
| 1-year return | -81.9% | -89.0% |
| 5-year return | -99.6% | -96.3% |
| Volatility (ann.) | 123.5% | 329.1% |
| Beta vs S&P 500 | 1.78 | 4.85 |
| Max drawdown (3Y) | -99.2% | -99.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDP | RMSG |
|---|---|---|
| 2022 | -74.6% | +5.1% |
| 2023 | +21.4% | +9.6% |
| 2024 | -52.2% | -77.7% |
| 2025 | -87.7% | -47.1% |
| 2026 | -60.1% | -73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and RMSG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INDP and RMSG?
The INDP/RMSG correlation stands at 0.39 on a 3-year window (1 year: 0.49, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is RMSG a good diversifier for INDP?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/indp-vs-rmsg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/indp-vs-rmsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INDP correlations · RMSG correlations
