INHD vs SUNE: Correlation
Measured on weekly returns over the past three years, Inno Holdings Inc. (INHD) and SUNation Energy, Inc. (SUNE) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INHD and SUNE?
Over the past 3 years, INHD and SUNE moved with a correlation of 0.35, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.35 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 156627.2 %².
By 3-year correlation, SUNE places #10 of the 25 assets tracked against INHD. Their recent paths diverged sharply: over the last 12 months SUNE outperformed by 146.5 percentage points (-99.8% for INHD against +46.7% for SUNE). Note the risk asymmetry: INHD runs 11.8 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.
INHD vs SUNE: side by side
| INHD (Inno Holdings Inc.) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | -99.8% | +46.7% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 2238.2% | 189.9% |
| Beta vs S&P 500 | -0.52 | -0.81 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | 1.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INHD | SUNE |
|---|---|---|
| 2022 | – | -75.7% |
| 2023 | – | -74.7% |
| 2024 | -67.3% | -99.4% |
| 2025 | -99.0% | -99.8% |
| 2026 | -73.7% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and SUNE good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INHD and SUNE?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.54 over the last year and n/a over 5 years.
Is SUNE a good diversifier for INHD?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/inhd-vs-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inhd-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INHD correlations · SUNE correlations
