Immutep Correlations

IMMP Stock

USD 1.88 0.02 1.05%

The current 90-days correlation between Immutep Ltd ADR and Zura Bio Limited is 0.29 (i.e., Modest diversification). The correlation of Immutep 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.

Immutep Correlation With Market

Average diversification

The correlation between Immutep Ltd ADR and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immutep Ltd ADR 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 Immutep Ltd ADR. 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.

Moving together with Immutep Stock

0.65	EYEN	Eyenovia	Pair Corr
0.69	SNDL	SNDL Inc	Pair Corr
0.8	CLDX	Celldex Therapeutics	Pair Corr
0.76	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.71	CRVS	Corvus Pharmaceuticals	Pair Corr
0.65	GKOS	Glaukos Corp	Pair Corr
0.74	LIVN	LivaNova PLC	Pair Corr
0.86	MODD	Modular Medical	Pair Corr
0.84	APYX	Apyx Medical	Pair Corr
0.71	SGHT	Sight Sciences	Pair Corr
0.81	SRDX	SurModics	Pair Corr
0.66	CNMD	CONMED	Pair Corr

Moving against Immutep Stock

0.78	CMRX	Chimerix	Pair Corr
0.66	CPIX	Cumberland Pharmaceuticals Downward Rally	Pair Corr
0.59	FNA	Paragon 28	Pair Corr
0.66	NVRO	Nevro Corp	Pair Corr
0.58	LUCD	Lucid Diagnostics	Pair Corr
0.52	KIDS	Orthopediatrics Corp	Pair Corr
0.5	LUNG	Pulmonx Corp	Pair Corr
0.49	NYXH	Nyxoah	Pair Corr
0.38	INMD	InMode	Pair Corr
0.72	BRK-A	Berkshire Hathaway	Pair Corr
0.72	BRK-B	Berkshire Hathaway	Pair Corr
0.68	NHNCF	NAVER Corp	Pair Corr
0.56	PKX	POSCO Holdings	Pair Corr
0.56	FWEDF	Fireweed Zinc	Pair Corr
0.45	TOI	Oncology Institute Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CWBR	OCEA	ELEV	AVRO	ZURA	CNSP	ZVSA	EFTR	VECT
CWBR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CWBR
OCEA	0.0		0.58	0.0	0.91	0.7	0.38	0.0	0.0	OCEA
ELEV	0.0	0.58		0.0	0.54	0.67	0.73	0.0	0.0	ELEV
AVRO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AVRO
ZURA	0.0	0.91	0.54	0.0		0.76	0.3	0.0	0.0	ZURA
CNSP	0.0	0.7	0.67	0.0	0.76		0.54	0.0	0.0	CNSP
ZVSA	0.0	0.38	0.73	0.0	0.3	0.54		0.0	0.0	ZVSA
EFTR	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	EFTR
VECT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VECT
	CWBR	OCEA	ELEV	AVRO	ZURA	CNSP	ZVSA	EFTR	VECT

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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

ZURA	+ 0.91	OCEA
CNSP	+ 0.76	ZURA
ZVSA	+ 0.73	ELEV
CNSP	+ 0.7	OCEA
CNSP	+ 0.67	ELEV
ELEV	+ 0.58	OCEA

High negative correlations

VECT	- 0.0	EFTR
VECT	- 0.0	ZVSA
EFTR	- 0.0	ZVSA
VECT	- 0.0	CNSP
EFTR	- 0.0	CNSP
VECT	- 0.0	ZURA

Risk-Adjusted Indicators

There is a big difference between Immutep Stock performing well and Immutep 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 Immutep'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CWBR	0.00	0.00	0.00	0.00	0.00	0.00
OCEA	7.21	(2.92)	(1.94)	15.38	(15.19)	51.00
ELEV	5.02	(0.86)	(0.65)	8.33	(9.43)	40.61
AVRO	0.00	0.00	0.00	0.00	0.00	0.00
ZURA	4.83	(0.76)	0.54	9.79	(11.55)	29.06
CNSP	5.72	(0.12)	(0.41)	12.10	(10.84)	70.89
ZVSA	4.57	(0.44)	(1.24)	12.03	(8.20)	38.26
EFTR	0.00	0.00	0.00	0.00	0.00	0.00
VECT	0.00	0.00	0.00	0.00	0.00	0.00

Immutep Corporate Management

Indira Naidu	Joint Secretary	Profile
Christian Mueller	Director Affairs	Profile
Shengfei Fang	F Sec	Profile
MD MSc	Chief Officer	Profile
MSc BBA	Senior Strategy	Profile

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