I Mab Correlations

IMAB Stock

USD 1.05 0.01 0.94%

The correlation of I Mab 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.

I Mab Correlation With Market

Modest diversification

The correlation between I Mab and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding I Mab 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 I Mab. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

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

Moving together with IMAB Stock

0.61	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.73	ACHC	Acadia Healthcare	Pair Corr

Moving against IMAB Stock

0.72	LFCR	Lifecore Biomedical	Pair Corr
0.4	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.58	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.45	V	Visa Class A	Pair Corr
0.36	688217	Shanghai Rightongene	Pair Corr
0.34	300942	Shenzhen Bioeasy Bio	Pair Corr

Related Correlations Analysis

	BGNE	KRYS	IMVT	MRTX	FHTX	STTK	GLUE	KYMR	NRIX	LYEL
BGNE		0.17	0.19	0.0	-0.04	0.28	0.3	-0.11	-0.24	-0.04	BGNE
KRYS	0.17		0.68	0.0	0.77	0.03	0.85	0.68	0.61	0.68	KRYS
IMVT	0.19	0.68		0.0	0.85	0.06	0.91	0.81	0.76	0.82	IMVT
MRTX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MRTX
FHTX	-0.04	0.77	0.85	0.0		-0.03	0.86	0.84	0.88	0.96	FHTX
STTK	0.28	0.03	0.06	0.0	-0.03		0.06	0.03	0.13	0.11	STTK
GLUE	0.3	0.85	0.91	0.0	0.86	0.06		0.77	0.67	0.81	GLUE
KYMR	-0.11	0.68	0.81	0.0	0.84	0.03	0.77		0.84	0.81	KYMR
NRIX	-0.24	0.61	0.76	0.0	0.88	0.13	0.67	0.84		0.89	NRIX
LYEL	-0.04	0.68	0.82	0.0	0.96	0.11	0.81	0.81	0.89		LYEL
	BGNE	KRYS	IMVT	MRTX	FHTX	STTK	GLUE	KYMR	NRIX	LYEL

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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

LYEL	+ 0.96	FHTX
GLUE	+ 0.91	IMVT
LYEL	+ 0.89	NRIX
NRIX	+ 0.88	FHTX
GLUE	+ 0.86	FHTX
GLUE	+ 0.85	KRYS

High negative correlations

NRIX	- 0.24	BGNE
KYMR	- 0.11	BGNE
LYEL	- 0.04	BGNE
FHTX	- 0.04	BGNE
STTK	- 0.03	FHTX
LYEL	- 0.0	MRTX

Risk-Adjusted Indicators

There is a big difference between IMAB Stock performing well and I Mab 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 I Mab'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
BGNE	1.86	(0.27)	0.00	(1.45)	0.00	0.00	3.46	(4.30)	17.00
KRYS	2.13	(0.20)	0.00	(0.22)	0.00	0.00	3.05	(5.10)	14.97
IMVT	2.17	(0.55)	0.00	(0.40)	0.00	0.00	3.77	(4.82)	11.73
MRTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FHTX	3.21	(1.09)	0.00	(0.89)	0.00	0.00	3.96	(8.30)	20.01
STTK	4.32	0.22	0.03	0.56	4.90	(5.08)	10.74	(9.01)	22.78
GLUE	4.05	(0.49)	0.00	(0.38)	0.00	0.00	8.40	(8.46)	23.57
KYMR	2.96	(0.32)	0.00	(0.13)	0.00	0.00	5.88	(7.08)	16.08
NRIX	2.60	(0.39)	0.00	(0.40)	0.00	0.00	6.17	(4.44)	20.84
LYEL	3.98	(1.31)	0.00	(0.64)	0.00	0.00	6.56	(10.59)	36.92

I Mab Corporate Management

Louie MD	Interim Officer	Profile
Richard MBA	COO CFO	Profile
Weiming Tang	Executive Officer	Profile
Jerry Wang	CoFounder Officer	Profile
Cheng Li	Chief Officer	Profile
Skelton Joseph	Chief Officer	Profile

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