IMAB Old Correlations

IMABDelisted Stock

USD 3.98 0.02 0.51%

The current 90-days correlation between IMAB Old and Design Therapeutics is -0.14 (i.e., Good 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

Excellent diversification

The correlation between IMAB Old and DJI is -0.63 (i.e., Excellent 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 together with IMAB Stock

0.65

ORGN

Origin Materials

Pair Corr

Moving against IMAB Stock

0.68	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.58	BAC	Bank of America Aggressive Push	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.58	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.53	AA	Alcoa Corp Downward Rally	Pair Corr
0.52	BA	Boeing	Pair Corr
0.5	JNJ	Johnson Johnson	Pair Corr
0.4	INTC	Intel	Pair Corr
0.36	GE	GE Aerospace	Pair Corr
0.36	HD	Home Depot	Pair Corr
0.35	MRK	Merck Company Aggressive Push	Pair Corr
0.32	UIS	Unisys	Pair Corr

Related Correlations Analysis

	GALT	DSGN	DMAC	AURA	RCKT	ANNX	DRTS	LBRX	ENGN	ALT
GALT		-0.47	-0.22	0.55	-0.71	-0.66	-0.68	-0.54	-0.62	0.16	GALT
DSGN	-0.47		0.63	0.24	0.65	0.85	0.66	0.85	0.67	0.41	DSGN
DMAC	-0.22	0.63		0.4	0.51	0.49	0.2	0.55	0.33	0.3	DMAC
AURA	0.55	0.24	0.4		-0.18	-0.14	-0.39	0.07	-0.04	0.58	AURA
RCKT	-0.71	0.65	0.51	-0.18		0.74	0.75	0.73	0.6	-0.03	RCKT
ANNX	-0.66	0.85	0.49	-0.14	0.74		0.87	0.83	0.68	0.29	ANNX
DRTS	-0.68	0.66	0.2	-0.39	0.75	0.87		0.69	0.63	0.13	DRTS
LBRX	-0.54	0.85	0.55	0.07	0.73	0.83	0.69		0.67	0.19	LBRX
ENGN	-0.62	0.67	0.33	-0.04	0.6	0.68	0.63	0.67		0.25	ENGN
ALT	0.16	0.41	0.3	0.58	-0.03	0.29	0.13	0.19	0.25		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

DRTS	+ 0.87	ANNX
ANNX	+ 0.85	DSGN
LBRX	+ 0.85	DSGN
LBRX	+ 0.83	ANNX
DRTS	+ 0.75	RCKT
ANNX	+ 0.74	RCKT

High negative correlations

RCKT	- 0.71	GALT
DRTS	- 0.68	GALT
ANNX	- 0.66	GALT
ENGN	- 0.62	GALT
LBRX	- 0.54	GALT
DSGN	- 0.47	GALT

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	4.57	(0.41)	0.00	0.38	0.00	0.00	9.46	(8.89)	43.49
DSGN	3.52	0.67	0.16	0.95	3.64	(3.95)	9.28	(5.98)	18.90
DMAC	3.39	0.37	0.08	0.35	4.35	(3.74)	7.69	(6.47)	24.12
AURA	2.38	0.05	0.03	0.09	2.52	(3.17)	5.00	(4.97)	18.08
RCKT	2.83	0.04	0.02	0.09	2.85	(3.87)	8.04	(4.66)	16.20
ANNX	4.18	1.27	0.33	5.45	3.10	(5.62)	11.30	(5.63)	35.10
DRTS	4.09	1.11	0.27	0.42	3.28	(4.77)	10.48	(6.42)	28.89
LBRX	3.99	0.66	0.14	(1.18)	3.72	(4.80)	9.38	(6.59)	23.59
ENGN	4.49	0.85	0.20	0.37	3.95	(5.59)	11.36	(6.92)	61.40
ALT	4.16	0.57	0.09	0.67	5.32	(5.13)	9.80	(6.22)	33.75

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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