In8bio Correlations

INAB Stock

USD 0.28 0.01 3.45%

The current 90-days correlation between In8bio Inc and Lantern Pharma is 0.01 (i.e., Significant diversification). The correlation of In8bio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

In8bio Correlation With Market

Good diversification

The correlation between In8bio Inc and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding In8bio Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in In8bio Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against In8bio Stock

0.43	FLGC	Flora Growth Corp	Pair Corr
0.38	LLY	Eli Lilly	Pair Corr
0.37	IMAB	I Mab	Pair Corr
0.36	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.33	GNFT	Genfit	Pair Corr
0.32	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.32	NUVL	Nuvalent	Pair Corr
0.41	BNTX	BioNTech SE	Pair Corr
0.39	ARDX	Ardelyx	Pair Corr

Related Correlations Analysis

	RVPH	CUE	LTRN	GRCL	ANIX	INMB	PYPD	ZURA	ANNX	ICVX
RVPH		-0.2	0.32	0.07	-0.49	-0.27	-0.72	-0.51	-0.54	-0.01	RVPH
CUE	-0.2		-0.48	0.63	0.24	0.39	-0.05	0.33	0.32	0.81	CUE
LTRN	0.32	-0.48		-0.43	0.0	0.14	-0.19	0.1	0.07	-0.66	LTRN
GRCL	0.07	0.63	-0.43		0.17	0.25	-0.42	-0.34	-0.32	0.74	GRCL
ANIX	-0.49	0.24	0.0	0.17		0.59	0.19	0.35	0.41	-0.04	ANIX
INMB	-0.27	0.39	0.14	0.25	0.59		0.03	0.41	0.49	-0.04	INMB
PYPD	-0.72	-0.05	-0.19	-0.42	0.19	0.03		0.51	0.44	-0.23	PYPD
ZURA	-0.51	0.33	0.1	-0.34	0.35	0.41	0.51		0.91	-0.06	ZURA
ANNX	-0.54	0.32	0.07	-0.32	0.41	0.49	0.44	0.91		-0.09	ANNX
ICVX	-0.01	0.81	-0.66	0.74	-0.04	-0.04	-0.23	-0.06	-0.09		ICVX
	RVPH	CUE	LTRN	GRCL	ANIX	INMB	PYPD	ZURA	ANNX	ICVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ANNX	+ 0.91	ZURA
ICVX	+ 0.81	CUE
ICVX	+ 0.74	GRCL
GRCL	+ 0.63	CUE
INMB	+ 0.59	ANIX
ZURA	+ 0.51	PYPD

High negative correlations

PYPD	- 0.72	RVPH
ICVX	- 0.66	LTRN
ANNX	- 0.54	RVPH
ZURA	- 0.51	RVPH
ANIX	- 0.49	RVPH
LTRN	- 0.48	CUE

Risk-Adjusted Indicators

There is a big difference between In8bio Stock performing well and In8bio Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze In8bio's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RVPH	5.99	1.73	0.25	(1.06)	4.95	(7.65)	15.38	(8.06)	40.06
CUE	7.78	1.28	0.18	2.85	6.18	(11.59)	20.27	(11.51)	67.78
LTRN	3.61	(0.18)	0.00	(0.02)	0.00	0.00	9.58	(6.59)	28.68
GRCL	5.71	1.33	0.18	1.37	6.35	(6.70)	16.34	(6.25)	52.11
ANIX	2.51	(0.22)	0.00	(0.26)	0.00	0.00	4.64	(5.74)	31.27
INMB	3.46	(0.22)	0.00	0.41	0.00	0.00	6.93	(7.24)	22.66
PYPD	2.71	(0.23)	0.00	1.56	0.00	0.00	4.66	(7.53)	23.57
ZURA	4.11	(0.78)	0.00	(0.23)	0.00	0.00	7.95	(9.71)	26.70
ANNX	2.41	(0.74)	0.00	(0.32)	0.00	0.00	5.07	(5.41)	23.00
ICVX	4.87	0.95	0.18	1.53	4.56	(5.67)	10.22	(6.79)	38.57

In8bio Corporate Management

Pharm MPH	VP Communications	Profile
TaiWei Ho	President, CoFounder	Profile
William Ho	President, CoFounder	Profile
Trishna MD	Chief Officer	Profile
Kate Rochlin	Chief Officer	Profile
Lawrence Lamb	CoFounder VP	Profile

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