Immunocore Holdings Correlations

IMCR Stock

USD 32.12 0.30 0.93%

The current 90-days correlation between Immunocore Holdings and Arcellx is 0.31 (i.e., Weak diversification). The correlation of Immunocore Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Immunocore Holdings Correlation With Market

Weak diversification

The correlation between Immunocore Holdings and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immunocore Holdings 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 Immunocore Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Immunocore Stock, please use our How to Invest in Immunocore Holdings guide.

Moving together with Immunocore Stock

0.75	VRAX	Virax Biolabs Group	Pair Corr
0.65	VRPX	Virpax Pharmaceuticals	Pair Corr
0.7	LGVN	Longeveron LLC	Pair Corr
0.66	REVB	Revelation Biosciences	Pair Corr
0.72	STOK	Stoke Therapeutics	Pair Corr
0.73	BDRX	Biodexa Pharmaceticals Upward Rally	Pair Corr
0.61	CYTK	Cytokinetics	Pair Corr

Moving against Immunocore Stock

0.61	VRDN	Viridian Therapeutics	Pair Corr
0.47	NTRB	Nutriband	Pair Corr
0.45	BMEA	Biomea Fusion	Pair Corr
0.42	EWTX	Edgewise Therapeutics	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.64	T	ATT Inc Aggressive Push	Pair Corr
0.62	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.58	PTAIF	PT Astra International	Pair Corr
0.58	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.52	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.5	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.48	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	ACLX	VTYX	PCVX	DICE	NUVL	VRDN	GRCL	THRX	GLUE
ACLX		0.14	0.29	0.62	0.42	0.79	0.82	-0.47	0.45	ACLX
VTYX	0.14		0.49	-0.19	0.41	0.22	0.0	0.54	-0.2	VTYX
PCVX	0.29	0.49		-0.04	0.65	0.58	0.25	0.32	-0.31	PCVX
DICE	0.62	-0.19	-0.04		-0.23	0.31	0.57	-0.39	0.68	DICE
NUVL	0.42	0.41	0.65	-0.23		0.7	0.37	0.0	-0.36	NUVL
VRDN	0.79	0.22	0.58	0.31	0.7		0.73	-0.24	0.1	VRDN
GRCL	0.82	0.0	0.25	0.57	0.37	0.73		-0.46	0.26	GRCL
THRX	-0.47	0.54	0.32	-0.39	0.0	-0.24	-0.46		-0.31	THRX
GLUE	0.45	-0.2	-0.31	0.68	-0.36	0.1	0.26	-0.31		GLUE
	ACLX	VTYX	PCVX	DICE	NUVL	VRDN	GRCL	THRX	GLUE

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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

GRCL	+ 0.82	ACLX
VRDN	+ 0.79	ACLX
GRCL	+ 0.73	VRDN
VRDN	+ 0.7	NUVL
GLUE	+ 0.68	DICE
NUVL	+ 0.65	PCVX

High negative correlations

THRX	- 0.47	ACLX
THRX	- 0.46	GRCL
THRX	- 0.39	DICE
GLUE	- 0.36	NUVL
GLUE	- 0.31	THRX
GLUE	- 0.31	PCVX

Risk-Adjusted Indicators

There is a big difference between Immunocore Stock performing well and Immunocore Holdings 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 Immunocore Holdings' 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
ACLX	2.42	0.26	0.12	0.20	2.79	(2.60)	6.28	(5.68)	15.13
VTYX	3.00	(0.34)	0.00	(0.05)	0.00	0.00	6.88	(5.86)	22.25
PCVX	2.17	0.31	0.05	(0.20)	2.23	(2.53)	3.16	(4.09)	42.81
DICE	2.09	0.65	0.32	(6.35)	1.14	(2.68)	5.66	(2.91)	37.64
NUVL	2.35	0.20	0.09	0.21	2.63	(2.69)	4.60	(4.61)	36.85
VRDN	3.11	0.32	0.10	0.27	3.45	(3.66)	6.84	(5.29)	44.89
GRCL	5.71	1.25	0.18	0.71	6.35	(6.70)	16.34	(6.25)	52.11
THRX	5.44	(0.75)	0.00	(0.24)	0.00	0.00	11.75	(8.57)	90.33
GLUE	5.67	0.77	0.19	0.29	4.38	(7.67)	10.21	(8.29)	102.66

Immunocore Holdings Corporate Management

Sbastien Desprez	Head Communications	Profile
Debra Nielsen	Chief Staff	Profile
JD Esq	Chief Officer	Profile
Annelise Vuidepot	CTO Research	Profile
Brian MBA	CFO Strategy	Profile
Amy JudgePrein	Chief Officer	Profile

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