INKT vs WKHS: Correlation
Measured on weekly returns over the past three years, MiNK Therapeutics, Inc. (INKT) and Workhorse Group, Inc. (WKHS) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INKT and WKHS?
On 3 years of weekly data the INKT/WKHS correlation comes out at 0.78, strong. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.78). The 5-year figure is 0.71, and annualized covariance runs at 56806.0 %².
Few assets follow INKT as closely as WKHS, which ranks #3 of 27 tracked partners. Correlation aside, the last 12 months split them widely, with INKT ahead by 53.7 points (-26.9% versus -80.6%). Note the risk asymmetry: INKT runs 2.9 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 WKHS: side by side
| INKT (MiNK Therapeutics, Inc.) | WKHS (Workhorse Group, Inc.) | |
|---|---|---|
| 1-year return | -26.9% | -80.6% |
| 5-year return | -90.3% | -100.0% |
| Volatility (ann.) | 464.2% | 157.8% |
| Beta vs S&P 500 | 0.50 | 1.44 |
| 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 | WKHS |
|---|---|---|
| 2022 | -41.5% | -65.1% |
| 2023 | -59.0% | -76.3% |
| 2024 | -34.9% | -90.3% |
| 2025 | +60.0% | -95.1% |
| 2026 | +4.8% | -37.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INKT and WKHS good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INKT and WKHS?
As of 2026-08-27, the correlation of weekly returns between INKT and WKHS is 0.78 over 3 years, 0.05 over 1 year and 0.71 over 5 years.
Is WKHS a good diversifier for INKT?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 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/inkt-vs-wkhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inkt-vs-wkhs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INKT correlations · WKHS correlations
