Immuneering Corp Correlations

IMRX Stock

USD 1.80 0.15 9.09%

The current 90-days correlation between Immuneering Corp and Pmv Pharmaceuticals is 0.01 (i.e., Significant 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 0.02 (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.

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

0.76	EYEN	Eyenovia	Pair Corr
0.79	SNDL	SNDL Inc	Pair Corr
0.81	CLDX	Celldex Therapeutics	Pair Corr
0.64	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.61	ELMD	Electromed	Pair Corr
0.76	GKOS	Glaukos Corp	Pair Corr
0.62	LIVN	LivaNova PLC	Pair Corr
0.85	MDAI	Spectral AI	Pair Corr
0.77	MODD	Modular Medical	Pair Corr
0.7	OTRK	Ontrak Inc	Pair Corr
0.77	APYX	Apyx Medical	Pair Corr
0.69	SGHT	Sight Sciences	Pair Corr
0.78	SRDX	SurModics	Pair Corr
0.72	CNMD	CONMED	Pair Corr
0.65	RKV	Rakovina Therapeutics	Pair Corr

Moving against Immuneering Stock

0.75	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.69	CMRX	Chimerix	Pair Corr
0.65	FNA	Paragon 28	Pair Corr
0.72	INMD	InMode	Pair Corr
0.72	NVRO	Nevro Corp	Pair Corr
0.71	LUCD	Lucid Diagnostics	Pair Corr
0.57	LUNG	Pulmonx Corp	Pair Corr
0.33	MASI	Masimo	Pair Corr
0.74	BRK-A	Berkshire Hathaway	Pair Corr
0.74	BRK-B	Berkshire Hathaway	Pair Corr
0.72	NHNCF	NAVER Corp	Pair Corr
0.61	TRGGF	Tarachi Gold Corp	Pair Corr
0.58	PKX	POSCO Holdings	Pair Corr
0.56	FWEDF	Fireweed Zinc	Pair Corr

Related Correlations Analysis

	THRX	PMVP	CGEM	ELVN	LRMR	CNTA	CELC	IKNA	REPL	NVCT
THRX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	THRX
PMVP	0.0		0.8	0.58	0.83	0.25	0.55	0.55	0.26	-0.14	PMVP
CGEM	0.0	0.8		0.7	0.81	0.32	0.59	0.72	0.02	-0.27	CGEM
ELVN	0.0	0.58	0.7		0.47	0.31	0.79	0.81	0.07	-0.47	ELVN
LRMR	0.0	0.83	0.81	0.47		0.25	0.4	0.45	0.16	-0.01	LRMR
CNTA	0.0	0.25	0.32	0.31	0.25		0.4	0.11	0.44	0.15	CNTA
CELC	0.0	0.55	0.59	0.79	0.4	0.4		0.72	0.41	-0.34	CELC
IKNA	0.0	0.55	0.72	0.81	0.45	0.11	0.72		0.03	-0.7	IKNA
REPL	0.0	0.26	0.02	0.07	0.16	0.44	0.41	0.03		-0.02	REPL
NVCT	0.0	-0.14	-0.27	-0.47	-0.01	0.15	-0.34	-0.7	-0.02		NVCT
	THRX	PMVP	CGEM	ELVN	LRMR	CNTA	CELC	IKNA	REPL	NVCT

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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

LRMR	+ 0.83	PMVP
LRMR	+ 0.81	CGEM
IKNA	+ 0.81	ELVN
CGEM	+ 0.8	PMVP
CELC	+ 0.79	ELVN
IKNA	+ 0.72	CGEM

High negative correlations

NVCT	- 0.7	IKNA
NVCT	- 0.47	ELVN
NVCT	- 0.34	CELC
NVCT	- 0.27	CGEM
NVCT	- 0.14	PMVP
NVCT	- 0.02	REPL

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
THRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMVP	1.83	(0.24)	0.00	(0.29)	0.00	0.00	4.41	(3.31)	16.42
CGEM	2.58	(0.40)	0.00	(0.73)	0.00	0.00	5.13	(6.43)	15.27
ELVN	2.30	(0.05)	0.00	(0.11)	0.00	0.00	3.41	(5.71)	16.56
LRMR	3.79	(1.03)	0.00	(0.47)	0.00	0.00	6.61	(7.99)	21.96
CNTA	3.06	(0.01)	0.00	(0.23)	0.00	0.00	6.30	(5.83)	15.09
CELC	3.21	(0.14)	0.00	(0.25)	0.00	0.00	6.28	(7.81)	21.63
IKNA	1.90	(0.30)	0.00	(3.17)	0.00	0.00	4.58	(3.38)	8.93
REPL	2.83	(0.06)	0.00	(0.11)	0.00	0.00	5.86	(5.88)	22.75
NVCT	4.10	1.48	0.37	7.70	3.29	(4.94)	9.96	(5.83)	26.68

Immuneering Corp Corporate Management

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

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