INM vs UFI: Correlation
How closely do InMed Pharmaceuticals Inc. (INM) and Unifi, Inc. New (UFI) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INM and UFI?
On 3 years of weekly data the INM/UFI correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.35 over 3 years. The 5-year figure is 0.27, and annualized covariance runs at 2832.0 %².
By 3-year correlation, UFI places #8 of the 18 assets tracked against INM. The last year tells two different stories: UFI led by 106.1 percentage points, -36.4% for INM against +69.7% for UFI. Note the risk asymmetry: INM runs 3.6 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.
INM vs UFI: side by side
| INM (InMed Pharmaceuticals Inc.) | UFI (Unifi, Inc. New) | |
|---|---|---|
| 1-year return | -36.4% | +69.7% |
| 5-year return | -99.9% | -65.5% |
| Volatility (ann.) | 169.8% | 47.6% |
| Beta vs S&P 500 | 2.62 | 0.44 |
| Max drawdown (3Y) | -96.9% | -61.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INM | UFI |
|---|---|---|
| 2022 | -93.8% | -62.8% |
| 2023 | -79.4% | -22.6% |
| 2024 | -43.0% | -6.2% |
| 2025 | -77.6% | -44.0% |
| 2026 | +34.9% | +115.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INM and UFI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INM and UFI?
As of 2026-08-27, the correlation of weekly returns between INM and UFI is 0.35 over 3 years, 0.04 over 1 year and 0.27 over 5 years.
Is UFI a good diversifier for INM?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/inm-vs-ufi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inm-vs-ufi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INM correlations · UFI correlations
