INSW vs LINK: Correlation
How closely do International Seaways, Inc. (INSW) and Interlink Electronics, Inc. (LINK) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSW and LINK?
Over the past 3 years, INSW and LINK moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.27). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -803.0 %².
Among the 21 assets we track against INSW, LINK sits near the bottom by co-movement, at rank #21. Correlation aside, the last 12 months split them widely, with INSW ahead by 151.8 points (+150.3% versus -1.5%). Risk is not evenly split, since LINK carries 2.2 times the volatility of the other side.
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.
INSW vs LINK: side by side
| INSW (International Seaways, Inc.) | LINK (Interlink Electronics, Inc.) | |
|---|---|---|
| 1-year return | +150.3% | -1.5% |
| 5-year return | +861.9% | +17.2% |
| Volatility (ann.) | 36.8% | 81.3% |
| Beta vs S&P 500 | 0.50 | 1.01 |
| Max drawdown (3Y) | -50.4% | -71.3% |
| Market cap | $4.9B | $0.1B |
| P/E (trailing) | 6.0 | – |
| Dividend yield | 0.51% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSW | LINK |
|---|---|---|
| 2022 | +162.5% | -15.7% |
| 2023 | +42.9% | +56.5% |
| 2024 | -10.9% | -26.8% |
| 2025 | +45.0% | -6.7% |
| 2026 | +123.1% | +34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSW and LINK good diversifiers for each other?
Yes. With a correlation of -0.27, INSW and LINK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INSW and LINK?
The INSW/LINK correlation stands at -0.27 on a 3-year window (1 year: -0.12, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is LINK a good diversifier for INSW?
Yes. With a correlation of -0.27, INSW and LINK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INSW correlations · LINK correlations
