INSE vs PHIN: Correlation
Inspired Entertainment, Inc. (INSE) and PHINIA Inc. (PHIN) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSE and PHIN?
Across a 3-year window, the weekly returns of INSE and PHIN correlate at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.54). Stretching to 5 years gives n/a, with an annualized covariance of 798.9 %².
In INSE's tracked universe of 11 assets, PHIN sits right near the top at #3. Correlation aside, the last 12 months split them widely, with PHIN ahead by 52.7 points (-35.8% versus +16.9%).
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.
INSE vs PHIN: side by side
| INSE (Inspired Entertainment, Inc.) | PHIN (PHINIA Inc.) | |
|---|---|---|
| 1-year return | -35.8% | +16.9% |
| 5-year return | -52.5% | n/a |
| Volatility (ann.) | 45.1% | 33.0% |
| Beta vs S&P 500 | 1.37 | 1.01 |
| Max drawdown (3Y) | -56.8% | -32.9% |
| Market cap | $0.2B | $2.5B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSE | PHIN |
|---|---|---|
| 2022 | -2.2% | – |
| 2023 | -22.0% | – |
| 2024 | -8.4% | +62.7% |
| 2025 | +3.4% | +33.0% |
| 2026 | -37.3% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSE and PHIN good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INSE and PHIN?
As of 2026-08-27, the correlation of weekly returns between INSE and PHIN is 0.54 over 3 years, 0.42 over 1 year and n/a over 5 years.
Is PHIN a good diversifier for INSE?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inse-vs-phin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inse-vs-phin/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INSE correlations · PHIN correlations
