INKT vs NMIH: Correlation
MiNK Therapeutics, Inc. (INKT) and NMI Holdings Inc (NMIH) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and NMIH?
Across a 3-year window, the weekly returns of INKT and NMIH correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.28 over 3 years. Stretching to 5 years gives -0.18, with an annualized covariance of -3164.3 %².
Among the 27 assets we track against INKT, NMIH sits near the bottom by co-movement, at rank #23. The last year tells two different stories: NMIH led by 39.8 percentage points, -26.9% for INKT against +12.9% for NMIH. Note the risk asymmetry: INKT runs 19.3 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 NMIH: side by side
| INKT (MiNK Therapeutics, Inc.) | NMIH (NMI Holdings Inc) | |
|---|---|---|
| 1-year return | -26.9% | +12.9% |
| 5-year return | -90.3% | +99.5% |
| Volatility (ann.) | 464.2% | 24.1% |
| Beta vs S&P 500 | 0.50 | 0.55 |
| Max drawdown (3Y) | -86.7% | -21.4% |
| Market cap | $0.1B | $3.4B |
| P/E (trailing) | – | 8.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INKT | NMIH |
|---|---|---|
| 2022 | -41.5% | -4.3% |
| 2023 | -59.0% | +42.0% |
| 2024 | -34.9% | +23.9% |
| 2025 | +60.0% | +11.0% |
| 2026 | +4.8% | +9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and NMIH good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between INKT and NMIH?
The INKT/NMIH correlation stands at -0.28 on a 3-year window (1 year: -0.11, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is NMIH a good diversifier for INKT?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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-nmih.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inkt-vs-nmih/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INKT correlations · NMIH correlations
