ImmunoGen Correlations

Summary

IMGNDelisted Stock

USD 18.20 0.81 4.26%

The current 90-days correlation between ImmunoGen and Madrigal Pharmaceuticals is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ImmunoGen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ImmunoGen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ImmunoGen Correlation With Market

Good diversification

The correlation between ImmunoGen and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ImmunoGen 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 price.

Moving together with ImmunoGen Stock

0.68	BA	Boeing	Pair Corr
0.83	CSCO	Cisco Systems	Pair Corr
0.71	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.84	AXP	American Express	Pair Corr

Moving against ImmunoGen Stock

0.89	JNJ	Johnson Johnson	Pair Corr
0.82	KO	Coca Cola Earnings Call This Week	Pair Corr
0.8	PTAIY	Astra International Tbk	Pair Corr
0.77	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.74	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.67	PTAIF	PT Astra International	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.62	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.53	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.51	INTC	Intel	Pair Corr
0.46	VZ	Verizon Communications	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr
0.34	MCD	McDonalds Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MDGL	ICPT	TGTX	TERN	HEPA	VKTX	AXSM	MCRB	MREO	PDSB
MDGL		-0.52	0.59	-0.11	-0.18	-0.34	0.22	0.25	-0.26	-0.28	MDGL
ICPT	-0.52		-0.71	0.56	0.48	0.79	-0.23	-0.66	0.71	0.82	ICPT
TGTX	0.59	-0.71		-0.18	-0.16	-0.47	0.48	0.33	-0.45	-0.5	TGTX
TERN	-0.11	0.56	-0.18		0.74	0.81	-0.13	-0.15	0.85	0.81	TERN
HEPA	-0.18	0.48	-0.16	0.74		0.71	-0.29	-0.28	0.73	0.61	HEPA
VKTX	-0.34	0.79	-0.47	0.81	0.71		-0.13	-0.36	0.88	0.96	VKTX
AXSM	0.22	-0.23	0.48	-0.13	-0.29	-0.13		-0.04	-0.34	-0.08	AXSM
MCRB	0.25	-0.66	0.33	-0.15	-0.28	-0.36	-0.04		-0.24	-0.4	MCRB
MREO	-0.26	0.71	-0.45	0.85	0.73	0.88	-0.34	-0.24		0.85	MREO
PDSB	-0.28	0.82	-0.5	0.81	0.61	0.96	-0.08	-0.4	0.85		PDSB
	MDGL	ICPT	TGTX	TERN	HEPA	VKTX	AXSM	MCRB	MREO	PDSB

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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

PDSB	+ 0.96	VKTX
MREO	+ 0.88	VKTX
MREO	+ 0.85	TERN
PDSB	+ 0.85	MREO
PDSB	+ 0.82	ICPT
VKTX	+ 0.81	TERN

High negative correlations

TGTX	- 0.71	ICPT
MCRB	- 0.66	ICPT
ICPT	- 0.52	MDGL
PDSB	- 0.5	TGTX
VKTX	- 0.47	TGTX
MREO	- 0.45	TGTX

Risk-Adjusted Indicators

There is a big difference between ImmunoGen Stock performing well and ImmunoGen 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 ImmunoGen'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
MDGL	3.20	0.77	0.20	0.99	3.02	(3.65)	5.74	(5.25)	33.61
ICPT	2.96	(0.64)	0.00	0.41	0.00	0.00	5.23	(8.32)	38.17
TGTX	3.30	0.60	0.13	1.07	3.69	(3.64)	7.48	(6.82)	24.51
TERN	3.11	(0.76)	0.00	(0.83)	0.00	0.00	5.17	(6.75)	26.61
HEPA	6.86	(1.09)	0.00	(7.92)	0.00	0.00	12.31	(10.53)	86.86
VKTX	3.42	(0.84)	0.00	(0.83)	0.00	0.00	4.89	(9.14)	39.28
AXSM	2.18	0.17	0.08	0.26	1.95	(3.11)	6.33	(4.17)	16.75
MCRB	4.65	0.19	0.04	0.22	4.21	(7.27)	15.58	(6.78)	28.84
MREO	2.94	(0.56)	0.00	(0.53)	0.00	0.00	6.16	(7.59)	20.77
PDSB	3.96	(1.03)	0.00	(0.89)	0.00	0.00	7.93	(10.12)	24.25

View ImmunoGen Related Equities

Madrigal Pharmaceuticals Intercept Pharmaceuticals TG Therapeutics Terns Pharmaceuticals Hepion Pharmaceuticals Viking Therapeutics Axsome Therapeutics Seres Therapeutics Mereo BioPharma Group PDS Biotechnology Corp Inozyme Pharma Hookipa Pharma Effector Therapeutics X4 Pharmaceuticals Elevation Oncology

Risk & Return

Correlation

ImmunoGen Corporate Management

Daniel JD	VP Officer	Profile
Susan Altschuller	VP CFO	Profile
MMSc MD	VP Officer	Profile
Lauren MBA	Senior Officer	Profile
Renee Lentini	VP Officer	Profile
Stacy Coen	Sr Officer	Profile
Audrey Bergan	Senior Officer	Profile

Still Interested in ImmunoGen?

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