INDV vs UBER: Correlation
Measured on weekly returns over the past three years, Indivior Pharmaceuticals, Inc. (INDV) and Uber (UBER) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDV and UBER?
Over the past 3 years, INDV and UBER moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.19). Over 5 years the correlation is 0.00, and the annualized covariance of weekly returns is -390.7 %².
Out of 11 assets tracked against INDV, UBER lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months INDV outperformed by 64.2 percentage points (+44.9% for INDV against -19.3% for UBER). Note the risk asymmetry: INDV runs 1.5 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.
INDV vs UBER: side by side
| INDV (Indivior Pharmaceuticals, Inc.) | UBER (Uber) | |
|---|---|---|
| 1-year return | +44.9% | -19.3% |
| 5-year return | +166.9% | +94.4% |
| Volatility (ann.) | 55.2% | 36.7% |
| Beta vs S&P 500 | 0.47 | 1.34 |
| Max drawdown (3Y) | -67.7% | -34.1% |
| Market cap | $4.2B | $157.2B |
| P/E (trailing) | 12.7 | 17.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | INDV | UBER |
|---|---|---|
| 2022 | +26.1% | -41.0% |
| 2023 | -29.8% | +149.0% |
| 2024 | -18.6% | -2.0% |
| 2025 | +188.7% | +35.5% |
| 2026 | -1.6% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDV and UBER good diversifiers for each other?
Yes. With a correlation of -0.19, INDV and UBER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INDV and UBER?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.04 over the last year and 0.00 over 5 years.
Is UBER a good diversifier for INDV?
Yes. With a correlation of -0.19, INDV and UBER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/indv-vs-uber.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/indv-vs-uber/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INDV correlations · UBER correlations
