INDP vs VLGEA: Correlation
How closely do Indaptus Therapeutics, Inc. (INDP) and Village Super Market, Inc. (VLGEA) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and VLGEA?
On 3 years of weekly data the INDP/VLGEA correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.55) runs below the 3-year figure (-0.27). The 5-year figure is -0.19, and annualized covariance runs at -922.4 %².
Out of 13 assets tracked against INDP, VLGEA lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with VLGEA ahead by 105.0 points (-81.9% versus +23.1%). One caveat on sizing: INDP is 4.4 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.
INDP vs VLGEA: side by side
| INDP (Indaptus Therapeutics, Inc.) | VLGEA (Village Super Market, Inc.) | |
|---|---|---|
| 1-year return | -81.9% | +23.1% |
| 5-year return | -99.6% | +137.7% |
| Volatility (ann.) | 123.5% | 27.9% |
| Beta vs S&P 500 | 1.78 | 0.32 |
| Max drawdown (3Y) | -99.2% | -21.1% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 2.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDP | VLGEA |
|---|---|---|
| 2022 | -74.6% | +4.1% |
| 2023 | +21.4% | +17.7% |
| 2024 | -52.2% | +26.0% |
| 2025 | -87.7% | +14.9% |
| 2026 | -60.1% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and VLGEA good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between INDP and VLGEA?
As of 2026-08-27, the correlation of weekly returns between INDP and VLGEA is -0.27 over 3 years, -0.55 over 1 year and -0.19 over 5 years.
Is VLGEA a good diversifier for INDP?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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
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Related comparisons
Hubs: INDP correlations · VLGEA correlations
