Immuneering Corp Correlations

IMRX Stock

USD 4.13 0.17 3.95%

The current 90-days correlation between Immuneering Corp and Olema Pharmaceuticals is 0.14 (i.e., Average diversification). The correlation of Immuneering Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Immuneering Corp Correlation With Market

Significant diversification

The correlation between Immuneering Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immuneering Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Immuneering Stock

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

For more information on how to buy Immuneering Stock please use our How to Invest in Immuneering Corp guide.

Moving together with Immuneering Stock

0.84	PFE	Pfizer Inc	Pair Corr
0.81	KMDA	Kamada	Pair Corr
0.72	NKTR	Nektar Therapeutics	Pair Corr
0.61	CGEN	Compugen	Pair Corr
0.74	FNMFO	Federal National Mortgage	Pair Corr
0.83	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.91	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.96	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.69	BAC-PL	Bank of America	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr
0.79	INTC	Intel Earnings Call This Week	Pair Corr
0.8	IBM	International Business Earnings Call This Week	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.88	CVX	Chevron Corp	Pair Corr
0.71	DIS	Walt Disney	Pair Corr
0.78	AXP	American Express	Pair Corr

Moving against Immuneering Stock

0.36	BCH	Banco De Chile	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.45	KO	Coca Cola Earnings Call This Week	Pair Corr
0.36	07274NBG7	BAYNGR 5 15	Pair Corr
0.31	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	OLMA	NVCT	LRMR	CNTA	OBIO	RXST	CTKB	RPID	TRML
OLMA		0.53	-0.24	0.26	-0.59	0.17	0.02	-0.57	-0.35	OLMA
NVCT	0.53		-0.66	-0.15	-0.32	0.57	-0.17	-0.52	-0.05	NVCT
LRMR	-0.24	-0.66		0.45	0.37	-0.65	0.49	0.35	0.36	LRMR
CNTA	0.26	-0.15	0.45		-0.03	-0.44	0.17	-0.02	0.27	CNTA
OBIO	-0.59	-0.32	0.37	-0.03		-0.15	-0.13	0.65	0.6	OBIO
RXST	0.17	0.57	-0.65	-0.44	-0.15		-0.2	-0.18	-0.02	RXST
CTKB	0.02	-0.17	0.49	0.17	-0.13	-0.2		-0.44	0.26	CTKB
RPID	-0.57	-0.52	0.35	-0.02	0.65	-0.18	-0.44		0.27	RPID
TRML	-0.35	-0.05	0.36	0.27	0.6	-0.02	0.26	0.27		TRML
	OLMA	NVCT	LRMR	CNTA	OBIO	RXST	CTKB	RPID	TRML

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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

RPID	+ 0.65	OBIO
TRML	+ 0.6	OBIO
RXST	+ 0.57	NVCT
NVCT	+ 0.53	OLMA
CTKB	+ 0.49	LRMR
CNTA	+ 0.45	LRMR

High negative correlations

LRMR	- 0.66	NVCT
RXST	- 0.65	LRMR
OBIO	- 0.59	OLMA
RPID	- 0.57	OLMA
RPID	- 0.52	NVCT
RPID	- 0.44	CTKB

Risk-Adjusted Indicators

There is a big difference between Immuneering Stock performing well and Immuneering Corp 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 Immuneering Corp'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
OLMA	3.42	(0.24)	(0.02)	(0.01)	5.63	(3.21)	6.24	(7.53)	23.90
NVCT	3.01	(0.18)	0.00	(0.03)	0.00	0.00	9.61	(4.76)	18.97
LRMR	5.23	0.63	0.13	0.35	5.72	(6.01)	10.88	(8.41)	40.34
CNTA	2.46	0.28	0.10	0.32	3.00	(2.83)	4.85	(5.35)	15.95
OBIO	3.99	0.12	0.03	0.24	4.85	(4.28)	10.88	(7.41)	28.40
RXST	3.62	(0.96)	0.00	(0.80)	0.00	0.00	6.42	(5.79)	52.85
CTKB	3.41	(0.44)	0.00	(0.06)	0.00	0.00	6.20	(6.77)	28.87
RPID	3.46	0.67	0.17	1.09	3.33	(3.98)	8.12	(5.06)	35.51
TRML	2.85	0.39	0.09	0.80	3.33	(3.00)	5.96	(6.73)	18.95

Immuneering Corp Corporate Management

Praveen Nair	Head VP	Profile
Mallory CPA	Principal Fin	Profile
Mohamedi MBA	Head Devel	Profile
Leah Neufeld	Chief Officer	Profile
Igor MD	Chief Officer	Profile
Brett Hall	Chief Officer	Profile

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