INSM vs SKYA: Correlation
Measured on weekly returns over the past three years, Insmed Incorporated (INSM) and SkyAI, Inc. (SKYA) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSM and SKYA?
On 3 years of weekly data the INSM/SKYA correlation comes out at 0.32, moderate. The past 12 months show a weaker link (-0.07) than the 3-year average (0.32). The 5-year figure is 0.31, and annualized covariance runs at 4635.8 %².
Among the 11 assets we track against INSM, SKYA ranks #6 by 3-year correlation. The last year tells two different stories: INSM led by 80.3 percentage points, -9.8% for INSM against -90.1% for SKYA.
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.
INSM vs SKYA: side by side
| INSM (Insmed Incorporated) | SKYA (SkyAI, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -90.1% |
| 5-year return | +339.0% | -100.0% |
| Volatility (ann.) | 100.1% | 144.3% |
| Beta vs S&P 500 | 0.74 | 1.21 |
| Max drawdown (3Y) | -56.5% | -100.0% |
| Market cap | $26.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSM | SKYA |
|---|---|---|
| 2022 | -26.7% | – |
| 2023 | +55.1% | -65.6% |
| 2024 | +122.8% | -77.5% |
| 2025 | +152.1% | -99.7% |
| 2026 | -30.3% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSM and SKYA good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INSM and SKYA?
As of 2026-08-27, the correlation of weekly returns between INSM and SKYA is 0.32 over 3 years, -0.07 over 1 year and 0.31 over 5 years.
Is SKYA a good diversifier for INSM?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/insm-vs-skya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/insm-vs-skya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INSM correlations · SKYA correlations
