INM vs MTVA: Correlation
InMed Pharmaceuticals Inc. (INM) and MetaVia Inc. (MTVA) 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 INM and MTVA?
Over the past 3 years, INM and MTVA moved with a correlation of 0.51, which is moderate. The link has tightened recently: the 1-year correlation (0.90) runs above the 3-year figure (0.51). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 15173.3 %².
Among the 18 assets we track against INM, MTVA ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INM ahead by 39.8 points (-36.4% versus -76.2%).
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.
INM vs MTVA: side by side
| INM (InMed Pharmaceuticals Inc.) | MTVA (MetaVia Inc.) | |
|---|---|---|
| 1-year return | -36.4% | -76.2% |
| 5-year return | -99.9% | -100.0% |
| Volatility (ann.) | 169.8% | 173.6% |
| Beta vs S&P 500 | 2.62 | 1.46 |
| Max drawdown (3Y) | -96.9% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INM | MTVA |
|---|---|---|
| 2022 | -93.8% | -98.0% |
| 2023 | -79.4% | -35.6% |
| 2024 | -43.0% | -45.1% |
| 2025 | -77.6% | -62.3% |
| 2026 | +34.9% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INM and MTVA 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 INM and MTVA?
As of 2026-08-27, the correlation of weekly returns between INM and MTVA is 0.51 over 3 years, 0.90 over 1 year and 0.38 over 5 years.
Is MTVA a good diversifier for INM?
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?
On the −1 to +1 scale, 0.51 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.
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Related comparisons
Hubs: INM correlations · MTVA correlations
