INMB vs WBX: Correlation
How closely do INmune Bio Inc. (INMB) and Wallbox N.V. Class A (WBX) trade together? Their weekly returns over three years give a correlation of -0.38, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INMB and WBX?
Over the past 3 years, INMB and WBX moved with a correlation of -0.38, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.33) runs above the 3-year figure (-0.38). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -28084.8 %².
Out of 11 assets tracked against INMB, WBX lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with INMB ahead by 49.3 points (+17.4% versus -31.9%). One caveat on sizing: WBX is 12.8 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 WBX: side by side
| INMB (INmune Bio Inc.) | WBX (Wallbox N.V. Class A) | |
|---|---|---|
| 1-year return | +17.4% | -31.9% |
| 5-year return | -89.4% | -70.7% |
| Volatility (ann.) | 76.1% | 975.4% |
| Beta vs S&P 500 | 1.33 | 4.88 |
| Max drawdown (3Y) | -92.0% | -91.3% |
| 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 | WBX |
|---|---|---|
| 2022 | -37.8% | -78.1% |
| 2023 | +77.6% | -51.1% |
| 2024 | -58.5% | -71.4% |
| 2025 | -66.6% | +367.1% |
| 2026 | +53.8% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMB and WBX good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INMB and WBX?
The INMB/WBX correlation stands at -0.38 on a 3-year window (1 year: 0.33, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is WBX a good diversifier for INMB?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 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/inmb-vs-wbx.json
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Related comparisons
Hubs: INMB correlations · WBX correlations
