Immatics Biotechnologies Correlations

IMTXW Stock

USD 0.02 0.01 24.88%

The current 90-days correlation between Immatics Biotechnologies and CannBioRx Life Sciences is -0.09 (i.e., Good diversification). 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 -0.09 (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.

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

Moving together with Immatics Stock

0.65	CDIOW	Cardio Diagnostics	Pair Corr
0.66	ELVN	Enliven Therapeutics	Pair Corr
0.67	SCLX	Scilex Holding	Pair Corr
0.74	ASMB	Assembly Biosciences	Pair Corr
0.89	CDIO	Cardio Diagnostics	Pair Corr
0.86	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.67	MSFT	Microsoft	Pair Corr
0.61	MRK	Merck Company	Pair Corr

Moving against Immatics Stock

0.87	GE	GE Aerospace	Pair Corr
0.85	WM	Waste Management	Pair Corr
0.81	PLX	Protalix Biotherapeutics	Pair Corr
0.74	LUCD	Lucid Diagnostics	Pair Corr
0.48	ABUS	Arbutus Biopharma Corp Buyout Trend	Pair Corr
0.45	PG	Procter Gamble Sell-off Trend	Pair Corr
0.86	MMM	3M Company	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.79	T	ATT Inc Sell-off Trend	Pair Corr
0.78	IBM	International Business	Pair Corr
0.68	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.52	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.43	INTC	Intel	Pair Corr
0.32	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	ATNFW	ARTLW	BCDAW	IMACW	ENTXW
ATNFW		0.0	0.0	0.0	0.0	ATNFW
ARTLW	0.0		0.0	0.0	0.0	ARTLW
BCDAW	0.0	0.0		0.0	0.0	BCDAW
IMACW	0.0	0.0	0.0		0.0	IMACW
ENTXW	0.0	0.0	0.0	0.0		ENTXW
	ATNFW	ARTLW	BCDAW	IMACW	ENTXW

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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

ARTLW	+ 0.0	ATNFW
BCDAW	+ 0.0	ATNFW
IMACW	+ 0.0	ATNFW
ENTXW	+ 0.0	ATNFW
BCDAW	+ 0.0	ARTLW
IMACW	+ 0.0	ARTLW

High negative correlations

ENTXW	- 0.0	IMACW
ENTXW	- 0.0	BCDAW
IMACW	- 0.0	BCDAW
ENTXW	- 0.0	ARTLW
IMACW	- 0.0	ARTLW
BCDAW	- 0.0	ARTLW

Risk-Adjusted Indicators

There is a big difference between Immatics Stock performing well and Immatics Biotechnologies 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 Immatics Biotechnologies' 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
ATNFW	7.80	0.80	0.09	(0.61)	8.58	(10.78)	13.00	(12.62)	133.33
ARTLW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCDAW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMACW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENTXW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

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