IPI vs SRTS: Correlation
Measured on weekly returns over the past three years, Intrepid Potash, Inc (IPI) and Sensus Healthcare, Inc. (SRTS) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPI and SRTS?
Over the past 3 years, IPI and SRTS moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1259.5 %².
Among the 15 assets we track against IPI, SRTS ranks #8 by 3-year correlation. The last year tells two different stories: IPI led by 17.3 percentage points, +23.3% for IPI against +6.0% for SRTS. One caveat on sizing: SRTS is 1.5 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.
IPI vs SRTS: side by side
| IPI (Intrepid Potash, Inc) | SRTS (Sensus Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +23.3% | +6.0% |
| 5-year return | +20.2% | -7.4% |
| Volatility (ann.) | 48.0% | 74.0% |
| Beta vs S&P 500 | 0.56 | 0.77 |
| Max drawdown (3Y) | -38.5% | -70.1% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPI | SRTS |
|---|---|---|
| 2022 | -32.4% | +2.8% |
| 2023 | -17.2% | -68.2% |
| 2024 | -8.2% | +193.2% |
| 2025 | +26.5% | -42.5% |
| 2026 | +35.9% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPI and SRTS good diversifiers for each other?
Reasonably. At 0.35, IPI and SRTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IPI and SRTS?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.13 over the last year and 0.27 over 5 years.
Is SRTS a good diversifier for IPI?
Reasonably. At 0.35, IPI and SRTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/ipi-vs-srts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ipi-vs-srts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IPI correlations · SRTS correlations
