INDP vs STI: Correlation
How closely do Indaptus Therapeutics, Inc. (INDP) and Solidion Technology, Inc. (STI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and STI?
Over the past 3 years, INDP and STI moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 23671.2 %².
Among the 13 assets we track against INDP, STI ranks #4 by 3-year correlation. The last year tells two different stories: STI led by 227.3 percentage points, -81.9% for INDP against +145.4% for STI. Note the risk asymmetry: STI runs 3.7 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.
INDP vs STI: side by side
| INDP (Indaptus Therapeutics, Inc.) | STI (Solidion Technology, Inc.) | |
|---|---|---|
| 1-year return | -81.9% | +145.4% |
| 5-year return | -99.6% | -98.5% |
| Volatility (ann.) | 123.5% | 458.4% |
| Beta vs S&P 500 | 1.78 | -1.02 |
| Max drawdown (3Y) | -99.2% | -99.5% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDP | STI |
|---|---|---|
| 2022 | -74.6% | – |
| 2023 | +21.4% | -24.1% |
| 2024 | -52.2% | -90.9% |
| 2025 | -87.7% | -79.7% |
| 2026 | -60.1% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and STI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INDP and STI?
As of 2026-08-27, the correlation of weekly returns between INDP and STI is 0.42 over 3 years, 0.51 over 1 year and 0.37 over 5 years.
Is STI a good diversifier for INDP?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/indp-vs-sti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/indp-vs-sti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INDP correlations · STI correlations
