INMD vs PRZO: Correlation
Measured on weekly returns over the past three years, InMode Ltd. (INMD) and ParaZero Technologies Ltd. (PRZO) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INMD and PRZO?
On 3 years of weekly data the INMD/PRZO correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.29). The 5-year figure is n/a, and annualized covariance runs at -1917.4 %².
PRZO is close to the least connected end of INMD's tracked universe, ranking #11 of 14. The last year tells two different stories: INMD led by 40.0 percentage points, -2.3% for INMD against -42.3% for PRZO. Note the risk asymmetry: PRZO runs 4.4 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.
INMD vs PRZO: side by side
| INMD (InMode Ltd.) | PRZO (ParaZero Technologies Ltd.) | |
|---|---|---|
| 1-year return | -2.3% | -42.3% |
| 5-year return | -77.7% | n/a |
| Volatility (ann.) | 38.9% | 172.1% |
| Beta vs S&P 500 | 1.09 | 1.95 |
| Max drawdown (3Y) | -68.2% | -88.0% |
| Market cap | $0.9B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INMD | PRZO |
|---|---|---|
| 2022 | -49.4% | – |
| 2023 | -37.7% | – |
| 2024 | -24.9% | +185.5% |
| 2025 | -12.0% | -59.9% |
| 2026 | +1.0% | -4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMD and PRZO good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between INMD and PRZO?
As of 2026-08-27, the correlation of weekly returns between INMD and PRZO is -0.29 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is PRZO a good diversifier for INMD?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/inmd-vs-przo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inmd-vs-przo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INMD correlations · PRZO correlations
