Angular Momentum ( where, is moment of inertia and is angular velocity.)
We know that, angular velocity (where, is velocity, and is radius).
Thus, the moment of inertia .
The smaller the velocity , the greater the inertia and when the inertia reduces to zero, the velocity becomes infinite. Hence if an object has greater inertia its velocity will be slow thus velocity does affect the inertia.
The inherent speed of an object is dependent on inertia.