Immunome Correlations

IMNM Stock

USD 10.51 1.16 12.41%

The current 90-days correlation between Immunome and Adagene is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Immunome moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Immunome moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Immunome Correlation With Market

Average diversification

The correlation between Immunome and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immunome 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 Immunome. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Immunome Stock

0.62	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.63	EHC	Encompass Health Corp Earnings Call This Week	Pair Corr
0.63	300439	Ningbo MedicalSystem	Pair Corr
0.7	300942	Shenzhen Bioeasy Bio	Pair Corr
0.63	688670	Jiangsu GDK Biotechnology	Pair Corr
0.62	300871	Wuhan Hvsen Biotechnology	Pair Corr

Moving against Immunome Stock

0.45	ALTS	ALT5 Sigma Symbol Change	Pair Corr
0.48	OILCF	Permex Petroleum Trending	Pair Corr
0.47	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.33	ADUS	Addus HomeCare	Pair Corr

Related Correlations Analysis

	ANEB	ADAG	ACRV	ANAB	MLYS	MOLN	MNOV	CSBR	CYT	AVTE
ANEB		0.13	0.01	-0.06	0.08	0.17	-0.47	0.2	0.0	0.3	ANEB
ADAG	0.13		0.82	0.55	0.7	0.38	-0.37	-0.71	0.0	0.61	ADAG
ACRV	0.01	0.82		0.61	0.79	0.4	-0.18	-0.72	0.0	0.57	ACRV
ANAB	-0.06	0.55	0.61		0.47	0.47	0.11	-0.71	0.0	0.37	ANAB
MLYS	0.08	0.7	0.79	0.47		0.17	0.03	-0.7	0.0	0.68	MLYS
MOLN	0.17	0.38	0.4	0.47	0.17		-0.33	-0.18	0.0	0.19	MOLN
MNOV	-0.47	-0.37	-0.18	0.11	0.03	-0.33		-0.11	0.0	-0.12	MNOV
CSBR	0.2	-0.71	-0.72	-0.71	-0.7	-0.18	-0.11		0.0	-0.4	CSBR
CYT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CYT
AVTE	0.3	0.61	0.57	0.37	0.68	0.19	-0.12	-0.4	0.0		AVTE
	ANEB	ADAG	ACRV	ANAB	MLYS	MOLN	MNOV	CSBR	CYT	AVTE

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

ACRV	+ 0.82	ADAG
MLYS	+ 0.79	ACRV
MLYS	+ 0.7	ADAG
AVTE	+ 0.68	MLYS
AVTE	+ 0.61	ADAG
ANAB	+ 0.61	ACRV

High negative correlations

CSBR	- 0.72	ACRV
CSBR	- 0.71	ANAB
CSBR	- 0.71	ADAG
CSBR	- 0.7	MLYS
MNOV	- 0.47	ANEB
AVTE	- 0.4	CSBR

Risk-Adjusted Indicators

There is a big difference between Immunome Stock performing well and Immunome 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 Immunome'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
ANEB	4.57	(0.14)	0.00	(0.14)	0.00	0.00	7.64	(10.43)	40.03
ADAG	3.69	(0.63)	0.00	3.45	0.00	0.00	5.00	(8.29)	41.45
ACRV	3.64	(0.36)	0.00	(0.37)	0.00	0.00	8.45	(9.66)	26.67
ANAB	4.09	(0.05)	(0.01)	0.02	6.91	(4.42)	8.22	(5.80)	44.55
MLYS	3.66	(0.47)	0.00	(0.16)	0.00	0.00	7.79	(6.95)	26.52
MOLN	3.26	(0.27)	0.00	(0.93)	0.00	0.00	8.43	(6.35)	23.47
MNOV	3.55	0.57	0.10	(0.36)	3.42	(4.65)	6.50	(5.24)	61.30
CSBR	4.45	1.79	0.36	(3.82)	3.71	(5.24)	10.88	(8.00)	30.96
CYT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVTE	1.44	(0.06)	0.00	(0.82)	0.00	0.00	4.30	(2.67)	10.45

Immunome Corporate Management

Matthew Robinson	Chief Officer	Profile
Michael Morin	Chief Scientist	Profile
Philip Roberts	Chief Officer	Profile
Robert Lapetina	Principal Officer	Profile
JD Esq	General Officer	Profile
Purnanand Sarma	CEO Pres	Profile
Sandra Esq	Gen Officer	Profile

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