INMB vs NMAD: Correlation
INmune Bio Inc. (INMB) and Nomad Power Solutions, Inc. (NMAD) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INMB and NMAD?
Over the past 3 years, INMB and NMAD moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.31 over 3 years. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -4744.7 %².
Among the 11 assets we track against INMB, NMAD sits near the bottom by co-movement, at rank #10. Over the last 12 months NMAD came out ahead by 11.8 percentage points (+17.4% against +29.2%). One caveat on sizing: NMAD is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
INMB vs NMAD: side by side
| INMB (INmune Bio Inc.) | NMAD (Nomad Power Solutions, Inc.) | |
|---|---|---|
| 1-year return | +17.4% | +29.2% |
| 5-year return | -89.4% | -80.2% |
| Volatility (ann.) | 76.1% | 197.9% |
| Beta vs S&P 500 | 1.33 | 0.82 |
| Max drawdown (3Y) | -92.0% | -80.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INMB | NMAD |
|---|---|---|
| 2022 | -37.8% | -57.1% |
| 2023 | +77.6% | -53.9% |
| 2024 | -58.5% | -13.6% |
| 2025 | -66.6% | +93.6% |
| 2026 | +53.8% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMB and NMAD good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between INMB and NMAD?
The INMB/NMAD correlation stands at -0.31 on a 3-year window (1 year: 0.01, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is NMAD a good diversifier for INMB?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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/inmb-vs-nmad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inmb-vs-nmad/)
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Related comparisons
Hubs: INMB correlations · NMAD correlations
