INKT vs NDRA: Correlation
MiNK Therapeutics, Inc. (INKT) and ENDRA Life Sciences Inc. (NDRA) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and NDRA?
On 3 years of weekly data the INKT/NDRA correlation comes out at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.51 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 35786.7 %².
Within INKT's tracked universe of 27 assets, NDRA comes in at #8 by 3-year correlation. The last year tells two different stories: NDRA led by 58.4 percentage points, -26.9% for INKT against +31.5% for NDRA. Note the risk asymmetry: INKT runs 3.1 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.
INKT vs NDRA: side by side
| INKT (MiNK Therapeutics, Inc.) | NDRA (ENDRA Life Sciences Inc.) | |
|---|---|---|
| 1-year return | -26.9% | +31.5% |
| 5-year return | -90.3% | -100.0% |
| Volatility (ann.) | 464.2% | 150.8% |
| Beta vs S&P 500 | 0.50 | 1.41 |
| Max drawdown (3Y) | -86.7% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INKT | NDRA |
|---|---|---|
| 2022 | -41.5% | -70.6% |
| 2023 | -59.0% | -47.9% |
| 2024 | -34.9% | -99.8% |
| 2025 | +60.0% | -27.6% |
| 2026 | +4.8% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and NDRA good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INKT and NDRA?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.41 over the last year and 0.45 over 5 years.
Is NDRA a good diversifier for INKT?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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
$ curl https://www.pairbook.io/api/v1/pairs/inkt-vs-ndra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inkt-vs-ndra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INKT correlations · NDRA correlations
