INmune Bio Correlations

INMB Stock  USD 2.38  0.04  1.65%   
The current 90-days correlation between INmune Bio and Anixa Biosciences is 0.08 (i.e., Significant diversification). The correlation of INmune Bio 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.

INmune Bio Correlation With Market

Average diversification

The correlation between INmune Bio and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INmune Bio 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 INmune Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade INmune Stock refer to our How to Trade INmune Stock guide.

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Related Correlations Analysis

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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   
ALECANVS
ALECACIU
ACIUANIX
ALECIMNM
ACIUANVS
ANVSIMNM
  
High negative correlations   
ACIUINAB
INABANIX
ALECINAB
INABANVS
INABIMNM
IMRNANVS

Risk-Adjusted Indicators

There is a big difference between INmune Stock performing well and INmune Bio 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 INmune Bio'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.

INmune Bio Corporate Management

Christopher BarnumHead NeuroscienceProfile
BSc FRCPathChief OfficerProfile
Mark LowdellChief OfficerProfile
Raymond MDPresident, CoFounderProfile
Joshua EsqGeneral CounselProfile
David MBATreasurer CFOProfile