IMAB Old Correlations

IMABDelisted Stock

USD 3.98 0.02 0.51%

The current 90-days correlation between IMAB Old and Design Therapeutics is 0.01 (i.e., Significant diversification). The correlation of IMAB Old 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.

IMAB Old Correlation With Market

Very good diversification

The correlation between IMAB Old and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IMAB Old 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against IMAB Stock

0.73	BKRKY	Bank Rakyat Earnings Call Today	Pair Corr
0.56	ESCA	Escalade Incorporated	Pair Corr
0.52	BNL	Broadstone Net Lease	Pair Corr
0.5	NTRSO	Northern Trust	Pair Corr
0.49	SOJE	Southern Company	Pair Corr
0.45	SBKO	Summit Bank Group	Pair Corr
0.44	MFGCF	Mayfair Gold Corp	Pair Corr
0.43	BKCYF	Bank Of Cyprus Holdings P Normal Trading	Pair Corr
0.41	CAPL	Crossamerica Partners	Pair Corr
0.41	CGON	CG Oncology Common	Pair Corr
0.39	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.39	MZHOF	Mizuho Financial	Pair Corr
0.38	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.37	NBTRF	Nobel Resources Corp	Pair Corr
0.37	CMI	Cummins	Pair Corr
0.31	POGS	Pioneer Oil Gas	Pair Corr
0.5	INGR	Ingredion Incorporated	Pair Corr
0.49	ADEA	ADEIA P Tech Boost	Pair Corr
0.47	WEJTY	Webjet Limited	Pair Corr
0.47	IFS	Intercorp Financial	Pair Corr
0.45	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.44	ARNI	Arno Therapeutics	Pair Corr
0.43	TG	Tredegar	Pair Corr
0.42	RHHVF	Roche Holding AG	Pair Corr
0.41	ALFVF	Alfa Laval AB	Pair Corr
0.4	TDY	Teledyne Technologies	Pair Corr
0.4	VOD	Vodafone Group PLC	Pair Corr

Related Correlations Analysis

	GALT	DSGN	DMAC	AURA	RCKT	ANNX	DRTS	LBRX	ENGN	ALT
GALT		-0.62	0.15	0.65	-0.47	-0.67	-0.88	-0.7	-0.73	0.3	GALT
DSGN	-0.62		0.29	0.06	0.51	0.54	0.69	0.73	0.81	0.19	DSGN
DMAC	0.15	0.29		0.49	0.3	-0.05	0.06	0.22	0.17	0.34	DMAC
AURA	0.65	0.06	0.49		-0.19	-0.37	-0.51	-0.21	-0.22	0.57	AURA
RCKT	-0.47	0.51	0.3	-0.19		0.45	0.54	0.47	0.48	-0.25	RCKT
ANNX	-0.67	0.54	-0.05	-0.37	0.45		0.72	0.45	0.69	0.08	ANNX
DRTS	-0.88	0.69	0.06	-0.51	0.54	0.72		0.76	0.78	-0.04	DRTS
LBRX	-0.7	0.73	0.22	-0.21	0.47	0.45	0.76		0.79	-0.05	LBRX
ENGN	-0.73	0.81	0.17	-0.22	0.48	0.69	0.78	0.79		0.11	ENGN
ALT	0.3	0.19	0.34	0.57	-0.25	0.08	-0.04	-0.05	0.11		ALT
	GALT	DSGN	DMAC	AURA	RCKT	ANNX	DRTS	LBRX	ENGN	ALT

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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

ENGN	+ 0.81	DSGN
ENGN	+ 0.79	LBRX
ENGN	+ 0.78	DRTS
LBRX	+ 0.76	DRTS
LBRX	+ 0.73	DSGN
DRTS	+ 0.72	ANNX

High negative correlations

DRTS	- 0.88	GALT
ENGN	- 0.73	GALT
LBRX	- 0.7	GALT
ANNX	- 0.67	GALT
DSGN	- 0.62	GALT
DRTS	- 0.51	AURA

Risk-Adjusted Indicators

There is a big difference between IMAB Stock performing well and IMAB Old 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 IMAB Old'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
GALT	4.22	(0.80)	0.00	2.95	0.00	0.00	8.33	(8.92)	39.42
DSGN	3.07	0.63	0.16	1.21	3.20	(3.39)	8.91	(4.69)	18.90
DMAC	2.89	0.27	0.08	0.32	3.41	(3.38)	7.41	(5.95)	24.12
AURA	2.75	0.05	0.04	0.13	3.10	(3.16)	5.99	(5.75)	18.08
RCKT	3.03	0.61	0.16	0.84	2.97	(3.70)	8.09	(4.96)	19.80
ANNX	3.40	0.36	0.09	0.66	3.54	(4.05)	8.43	(6.79)	19.12
DRTS	4.31	1.06	0.29	0.39	3.49	(5.08)	11.88	(7.29)	29.36
LBRX	3.46	0.62	0.18	0.51	3.25	(4.10)	8.56	(6.40)	23.59
ENGN	3.63	0.56	0.15	0.39	3.77	(4.06)	8.59	(6.92)	22.57
ALT	3.71	0.08	0.01	0.26	5.14	(5.05)	9.22	(6.22)	33.68

Delisting Warning - IMAB

IMAB Old was delisted

The entity IMAB Old with a symbol IMAB was delisted from NASDAQ Exchange. Please try NovaBridge Biosciences with a symbol NBP from now on. Check all delisted instruments accross multiple markets.

IMAB Old 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

Still Interested in IMAB Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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