Immatics Biotechnologies Correlations
| IMTXWDelisted Stock | USD 0.0006 0.00 0.00% |
The correlation of Immatics Biotechnologies 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.
Immatics Biotechnologies Correlation With Market
Good diversification
The correlation between immatics biotechnologies GmbH and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding immatics biotechnologies GmbH and DJI in the same portfolio, assuming nothing else is changed.
Immatics |
Moving together with Immatics Stock
Moving against Immatics Stock
| 0.6 | MDWD | Mediwound | PairCorr |
| 0.57 | VANI | Vivani Medical | PairCorr |
| 0.53 | MEIP | MEI Pharma Trending | PairCorr |
| 0.51 | DOMH | Dominari Holdings | PairCorr |
| 0.47 | MGTX | MeiraGTx Holdings PLC | PairCorr |
| 0.36 | MBIO | Mustang Bio | PairCorr |
| 0.34 | MCRB | Seres Therapeutics | PairCorr |
| 0.33 | MESO | Mesoblast Trending | PairCorr |
| 0.72 | MIRM | Mirum Pharmaceuticals | PairCorr |
| 0.66 | DRTS | Alpha Tau Medical | PairCorr |
| 0.65 | MIST | Milestone Pharmaceuticals | PairCorr |
| 0.56 | MLTX | MoonLake Immunotherapeuti | PairCorr |
| 0.45 | VERV | Verve Therapeutics | PairCorr |
| 0.39 | SABSW | SAB Biotherapeutics | PairCorr |
| 0.32 | MLYS | Mineralys Therapeutics, | PairCorr |
| 0.76 | MNMD | Mind Medicine | PairCorr |
| 0.72 | VKTX | Viking Therapeutics Earnings Call This Week | PairCorr |
| 0.71 | MRVI | Maravai Lifesciences | PairCorr |
| 0.65 | VIGL | Vigil Neuroscience Sell-off Trend | PairCorr |
Related Correlations Analysis
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Immatics Biotechnologies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Immatics Biotechnologies stock to make a market-neutral strategy. Peer analysis of Immatics Biotechnologies could also be used in its relative valuation, which is a method of valuing Immatics Biotechnologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Immatics Biotechnologies Corporate Management
| Andrea Mokler | VP Sciences | Profile | |
| Miriam Meyer | VP Affairs | Profile | |
| Edward Sturchio | General Secretary | Profile | |
| Arnd MBA | Chief Officer | Profile | |
| Toni Weinschenk | CoFounder Officer | Profile | |
| Thomas Ulmer | Chief Officer | Profile |
Still Interested in immatics biotechnologies GmbH?
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