ImageneBio Correlations

IMA Stock

6.91 0.10 1.43%

The current 90-days correlation between ImageneBio and Connect Biopharma Holdings is -0.11 (i.e., Good diversification). The correlation of ImageneBio 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.

ImageneBio Correlation With Market

Very good diversification

The correlation between ImageneBio and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ImageneBio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ImageneBio Stock

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

For information on how to trade ImageneBio Stock refer to our How to Trade ImageneBio Stock guide.

Moving together with ImageneBio Stock

0.69	EVGN	Evogene	Pair Corr
0.72	KRRO	Frequency Therapeutics	Pair Corr

Moving against ImageneBio Stock

0.64	DSGN	Design Therapeutics	Pair Corr
0.52	IMMP	Immutep Ltd ADR	Pair Corr
0.48	KYTX	Kyverna Therapeutics	Pair Corr
0.86	SVRA	Savara Inc	Pair Corr
0.73	AVE	Avecho Biotechnology	Pair Corr
0.71	BCAX	Bicara Therapeutics	Pair Corr
0.52	ANNX	Annexon	Pair Corr
0.51	SLDB	Solid Biosciences LLC	Pair Corr
0.45	MRKR	Marker Therapeutics	Pair Corr
0.31	BOLT	Bolt Biotherapeutics	Pair Corr
0.71	CAPR	Capricor Therapeutics	Pair Corr
0.71	FCAP	First Capital Downward Rally	Pair Corr
0.71	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.52	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr

Related Correlations Analysis

	CNTB	IFRX	KLRS	STTK	CNTX	STRO	ARTV	OVID	MGX	QNCX
CNTB		-0.43	0.34	0.13	0.09	0.11	-0.01	0.4	-0.73	0.27	CNTB
IFRX	-0.43		-0.69	-0.68	-0.58	-0.63	-0.37	-0.45	0.66	-0.06	IFRX
KLRS	0.34	-0.69		0.8	0.51	0.67	0.7	0.55	-0.55	0.24	KLRS
STTK	0.13	-0.68	0.8		0.63	0.75	0.67	0.64	-0.39	0.14	STTK
CNTX	0.09	-0.58	0.51	0.63		0.87	0.39	0.21	-0.42	-0.54	CNTX
STRO	0.11	-0.63	0.67	0.75	0.87		0.56	0.36	-0.35	-0.28	STRO
ARTV	-0.01	-0.37	0.7	0.67	0.39	0.56		0.42	-0.2	0.17	ARTV
OVID	0.4	-0.45	0.55	0.64	0.21	0.36	0.42		-0.28	0.51	OVID
MGX	-0.73	0.66	-0.55	-0.39	-0.42	-0.35	-0.2	-0.28		-0.02	MGX
QNCX	0.27	-0.06	0.24	0.14	-0.54	-0.28	0.17	0.51	-0.02		QNCX
	CNTB	IFRX	KLRS	STTK	CNTX	STRO	ARTV	OVID	MGX	QNCX

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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

STRO	+ 0.87	CNTX
STTK	+ 0.8	KLRS
STRO	+ 0.75	STTK
ARTV	+ 0.7	KLRS
STRO	+ 0.67	KLRS
ARTV	+ 0.67	STTK

High negative correlations

MGX	- 0.73	CNTB
KLRS	- 0.69	IFRX
STTK	- 0.68	IFRX
STRO	- 0.63	IFRX
CNTX	- 0.58	IFRX
MGX	- 0.55	KLRS

Risk-Adjusted Indicators

There is a big difference between ImageneBio Stock performing well and ImageneBio 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 ImageneBio'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
CNTB	4.53	0.89	0.14	(0.52)	4.33	(5.58)	11.89	(6.63)	38.27
IFRX	4.72	(0.66)	0.00	(0.19)	0.00	0.00	7.84	(9.28)	43.11
KLRS	4.65	1.02	0.17	(1.85)	4.34	(5.53)	15.58	(8.21)	32.70
STTK	3.67	1.02	0.28	1.49	3.13	(4.54)	6.42	(4.91)	27.88
CNTX	4.17	1.25	0.26	14.17	3.60	(4.89)	9.59	(6.88)	24.11
STRO	4.86	0.59	0.11	0.48	5.21	(5.38)	11.76	(7.78)	27.28
ARTV	6.40	0.59	0.08	0.46	7.16	(7.53)	8.00	(11.11)	118.69
OVID	4.24	0.20	0.06	0.16	4.82	(5.40)	9.70	(9.09)	36.13
MGX	3.05	(0.78)	0.00	(0.27)	0.00	0.00	6.21	(6.21)	18.63
QNCX	7.36	(1.09)	0.00	(0.64)	0.00	0.00	11.88	(13.15)	120.72

ImageneBio Corporate Management

Anna MD	Senior Development	Profile
Kurinji Pandiyan	Chief Officer	Profile
Yufang MD	Chief Officer	Profile
Renuka Sivendran	Chief Officer	Profile
Erin Butler	Senior Administration	Profile

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