INHD vs PTC: Correlation
Measured on weekly returns over the past three years, Inno Holdings Inc. (INHD) and PTC Inc. (PTC) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INHD and PTC?
On 3 years of weekly data the INHD/PTC correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.36 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -23540.2 %².
PTC is close to the least connected end of INHD's tracked universe, ranking #24 of 25. The last year tells two different stories: PTC led by 73.2 percentage points, -99.8% for INHD against -26.6% for PTC. One caveat on sizing: INHD is 77.7 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.
INHD vs PTC: side by side
| INHD (Inno Holdings Inc.) | PTC (PTC Inc.) | |
|---|---|---|
| 1-year return | -99.8% | -26.6% |
| 5-year return | n/a | +20.0% |
| Volatility (ann.) | 2238.2% | 28.8% |
| Beta vs S&P 500 | -0.52 | 1.02 |
| Max drawdown (3Y) | -100.0% | -48.1% |
| Market cap | – | $17.2B |
| P/E (trailing) | 0.2 | 14.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | INHD | PTC |
|---|---|---|
| 2022 | – | -0.9% |
| 2023 | – | +45.8% |
| 2024 | -67.3% | +5.1% |
| 2025 | -99.0% | -5.3% |
| 2026 | -73.7% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and PTC good diversifiers for each other?
Yes. With a correlation of -0.36, INHD and PTC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INHD and PTC?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.47 over the last year and n/a over 5 years.
Is PTC a good diversifier for INHD?
Yes. With a correlation of -0.36, INHD and PTC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/inhd-vs-ptc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inhd-vs-ptc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INHD correlations · PTC correlations
