INmune Bio Correlations

INMB Stock

USD 8.31 1.12 15.58%

The current 90-days correlation between INmune Bio and Anixa Biosciences is 0.18 (i.e., Average 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 0.11 (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.

Moving together with INmune Stock

0.71	DMAC	DiaMedica Therapeutics	Pair Corr
0.76	VALN	Valneva SE ADR	Pair Corr
0.79	VERV	Verve Therapeutics	Pair Corr
0.86	VIGL	Vigil Neuroscience	Pair Corr
0.7	SRZNW	Surrozen Warrant	Pair Corr
0.83	VRNA	Verona Pharma PLC	Pair Corr
0.63	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against INmune Stock

0.86	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.78	VKTX	Viking Therapeutics	Pair Corr
0.74	DSGN	Design Therapeutics Potential Growth	Pair Corr
0.65	VERA	Vera Therapeutics	Pair Corr
0.57	DRRX	Durect Earnings Call This Week	Pair Corr
0.52	ME	23Andme Holding	Pair Corr
0.5	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.47	CDIOW	Cardio Diagnostics	Pair Corr
0.68	VTYX	Ventyx Biosciences	Pair Corr
0.67	VTRS	Viatris	Pair Corr
0.64	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.56	VYGR	Voyager Therapeutics	Pair Corr
0.55	VRPX	Virpax Pharmaceuticals	Pair Corr
0.5	VYNE	Vyne Therapeutics	Pair Corr
0.43	VRDN	Viridian Therapeutics	Pair Corr
0.38	ELAN	Elanco Animal Health	Pair Corr
0.37	VRAX	Virax Biolabs Group	Pair Corr

Related Correlations Analysis

	TFFP	ANEB	ABCM	ANTX	CUE	ANIX	INAB	PYPD	AVTE	ELYM
TFFP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TFFP
ANEB	0.0		0.0	0.23	0.25	-0.28	0.22	0.14	0.47	0.0	ANEB
ABCM	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ABCM
ANTX	0.0	0.23	0.0		-0.55	-0.46	-0.01	-0.14	0.55	0.0	ANTX
CUE	0.0	0.25	0.0	-0.55		-0.01	0.6	0.2	0.06	0.0	CUE
ANIX	0.0	-0.28	0.0	-0.46	-0.01		-0.31	-0.19	-0.5	0.0	ANIX
INAB	0.0	0.22	0.0	-0.01	0.6	-0.31		-0.06	0.21	0.0	INAB
PYPD	0.0	0.14	0.0	-0.14	0.2	-0.19	-0.06		0.05	0.0	PYPD
AVTE	0.0	0.47	0.0	0.55	0.06	-0.5	0.21	0.05		0.0	AVTE
ELYM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ELYM
	TFFP	ANEB	ABCM	ANTX	CUE	ANIX	INAB	PYPD	AVTE	ELYM

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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

INAB	+ 0.6	CUE
AVTE	+ 0.55	ANTX
AVTE	+ 0.47	ANEB
CUE	+ 0.25	ANEB
ANTX	+ 0.23	ANEB
INAB	+ 0.22	ANEB

High negative correlations

CUE	- 0.55	ANTX
AVTE	- 0.5	ANIX
ANIX	- 0.46	ANTX
INAB	- 0.31	ANIX
ANIX	- 0.28	ANEB
PYPD	- 0.19	ANIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFFP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANEB	5.34	0.59	0.10	0.35	5.29	(7.25)	19.58	(10.43)	40.87
ABCM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANTX	2.46	(0.01)	0.00	(0.12)	0.00	0.00	5.41	(4.39)	17.09
CUE	4.93	0.04	0.00	(0.04)	0.00	0.00	8.51	(8.96)	38.78
ANIX	3.36	0.27	0.06	0.12	3.77	(4.12)	7.14	(7.20)	26.44
INAB	4.85	(0.19)	0.00	(0.36)	0.00	0.00	11.54	(9.37)	32.12
PYPD	4.28	0.32	0.05	0.20	5.70	(4.26)	10.62	(7.53)	41.24
AVTE	1.30	(0.04)	0.00	(0.22)	0.00	0.00	2.07	(3.27)	10.45
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

INmune Bio Corporate Management

Christopher Barnum	Head Neuroscience	Profile
BSc FRCPath	Chief Officer	Profile
Raymond MD	President, CoFounder	Profile
Joshua Esq	General Counsel	Profile
David MBA	Treasurer CFO	Profile

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