ImmunoGen Correlations

Summary

IMGNDelisted Stock

USD 18.20 0.81 4.26%

The current 90-days correlation between ImmunoGen and Madrigal Pharmaceuticals is 0.06 (i.e., Significant 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

Significant diversification

The correlation between ImmunoGen and DJI is 0.03 (i.e., Significant 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

0.92	T	ATT Inc Aggressive Push	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.73	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	WMT	Walmart Aggressive Push	Pair Corr
0.65	BAC	Bank of America Aggressive Push	Pair Corr
0.86	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.7	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against ImmunoGen Stock

0.78	VNTN	VentureNet Capital	Pair Corr
0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.41	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.35	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	MDGL	ICPT	TGTX	TERN	HEPA	VKTX	AXSM	MCRB	MREO	PDSB
MDGL		-0.05	0.77	-0.38	-0.08	-0.25	0.3	-0.4	-0.38	-0.43	MDGL
ICPT	-0.05		-0.25	0.3	0.67	-0.08	-0.08	0.29	0.62	0.05	ICPT
TGTX	0.77	-0.25		-0.42	-0.16	-0.29	0.52	-0.5	-0.53	-0.61	TGTX
TERN	-0.38	0.3	-0.42		0.13	0.08	0.01	0.86	0.38	0.33	TERN
HEPA	-0.08	0.67	-0.16	0.13		-0.14	0.17	0.19	0.44	-0.14	HEPA
VKTX	-0.25	-0.08	-0.29	0.08	-0.14		-0.39	0.13	0.36	0.59	VKTX
AXSM	0.3	-0.08	0.52	0.01	0.17	-0.39		0.02	-0.27	-0.5	AXSM
MCRB	-0.4	0.29	-0.5	0.86	0.19	0.13	0.02		0.33	0.32	MCRB
MREO	-0.38	0.62	-0.53	0.38	0.44	0.36	-0.27	0.33		0.53	MREO
PDSB	-0.43	0.05	-0.61	0.33	-0.14	0.59	-0.5	0.32	0.53		PDSB
	MDGL	ICPT	TGTX	TERN	HEPA	VKTX	AXSM	MCRB	MREO	PDSB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MCRB	+ 0.86	TERN
TGTX	+ 0.77	MDGL
HEPA	+ 0.67	ICPT
MREO	+ 0.62	ICPT
PDSB	+ 0.59	VKTX
PDSB	+ 0.53	MREO

High negative correlations

PDSB	- 0.61	TGTX
MREO	- 0.53	TGTX
PDSB	- 0.5	AXSM
MCRB	- 0.5	TGTX
PDSB	- 0.43	MDGL
TERN	- 0.42	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	2.57	0.37	0.12	1.55	2.16	(3.52)	4.92	(3.96)	30.27
ICPT	2.96	(0.84)	0.00	(1.25)	0.00	0.00	5.23	(8.32)	38.17
TGTX	2.79	0.25	0.09	0.22	3.30	(2.87)	7.34	(4.62)	24.51
TERN	3.39	(0.43)	0.00	(0.29)	0.00	0.00	5.68	(5.96)	34.09
HEPA	3.90	(0.11)	(0.02)	0.01	4.43	(4.97)	8.06	(8.11)	33.54
VKTX	3.51	(0.39)	0.00	(0.18)	0.00	0.00	6.24	(8.05)	34.61
AXSM	1.68	0.07	0.02	0.21	1.87	(2.04)	4.10	(3.78)	13.67
MCRB	4.49	0.06	0.00	0.39	5.43	(5.21)	10.00	(8.57)	26.87
MREO	2.62	(0.41)	0.00	(0.18)	0.00	0.00	5.14	(5.79)	19.32
PDSB	3.22	(0.85)	0.00	(0.42)	0.00	0.00	5.77	(6.76)	31.83

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?

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC