INKT vs NEGG: Correlation
MiNK Therapeutics, Inc. (INKT) and Newegg Commerce, Inc. (NEGG) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and NEGG?
Over the past 3 years, INKT and NEGG moved with a correlation of 0.63, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.63 over 3 years. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 53990.3 %².
By 3-year correlation, NEGG places #5 of the 27 assets tracked against INKT. Their recent paths diverged sharply: over the last 12 months INKT outperformed by 44.1 percentage points (-26.9% for INKT against -71.0% for NEGG). Note the risk asymmetry: INKT runs 2.5 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.
INKT vs NEGG: side by side
| INKT (MiNK Therapeutics, Inc.) | NEGG (Newegg Commerce, Inc.) | |
|---|---|---|
| 1-year return | -26.9% | -71.0% |
| 5-year return | -90.3% | -95.1% |
| Volatility (ann.) | 464.2% | 184.2% |
| Beta vs S&P 500 | 0.50 | 2.34 |
| Max drawdown (3Y) | -86.7% | -90.3% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 68.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INKT | NEGG |
|---|---|---|
| 2022 | -41.5% | -87.4% |
| 2023 | -59.0% | -3.8% |
| 2024 | -34.9% | -68.3% |
| 2025 | +60.0% | +534.5% |
| 2026 | +4.8% | -65.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and NEGG good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INKT and NEGG?
As of 2026-08-27, the correlation of weekly returns between INKT and NEGG is 0.63 over 3 years, 0.36 over 1 year and 0.60 over 5 years.
Is NEGG a good diversifier for INKT?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/inkt-vs-negg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inkt-vs-negg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INKT correlations · NEGG correlations
