INHD vs SENEB: Correlation
Measured on weekly returns over the past three years, Inno Holdings Inc. (INHD) and Seneca Foods Corp. (SENEB) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INHD and SENEB?
On 3 years of weekly data the INHD/SENEB correlation comes out at 0.29, weak. Recent behaviour matches the longer record: 0.37 over 1 year against 0.29 over 3. The 5-year figure is n/a, and annualized covariance runs at 20880.8 %².
Among the 25 assets we track against INHD, SENEB ranks #11 by 3-year correlation. The last year tells two different stories: SENEB led by 172.7 percentage points, -99.8% for INHD against +72.9% for SENEB. One caveat on sizing: INHD is 66.4 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.
INHD vs SENEB: side by side
| INHD (Inno Holdings Inc.) | SENEB (Seneca Foods Corp.) | |
|---|---|---|
| 1-year return | -99.8% | +72.9% |
| 5-year return | n/a | +292.8% |
| Volatility (ann.) | 2238.2% | 33.7% |
| Beta vs S&P 500 | -0.52 | 0.14 |
| Max drawdown (3Y) | -100.0% | -22.4% |
| Market cap | – | $1.3B |
| P/E (trailing) | 0.2 | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INHD | SENEB |
|---|---|---|
| 2022 | – | +28.5% |
| 2023 | – | -14.7% |
| 2024 | -67.3% | +53.7% |
| 2025 | -99.0% | +38.0% |
| 2026 | -73.7% | +76.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and SENEB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INHD and SENEB?
The INHD/SENEB correlation stands at 0.29 on a 3-year window (1 year: 0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SENEB a good diversifier for INHD?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INHD correlations · SENEB correlations
