Immatics Correlations

IMTX Stock

USD 7.59 0.01 0.13%

The current 90-days correlation between Immatics NV and Syndax Pharmaceuticals is 0.24 (i.e., Modest diversification). The correlation of Immatics 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.

Immatics Correlation With Market

Average diversification

The correlation between Immatics NV and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immatics NV 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 Immatics NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Immatics Stock

0.87	ME	23Andme Holding	Pair Corr
0.72	VALN	Valneva SE ADR	Pair Corr
0.76	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.91	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.71	IPSC	Century Therapeutics	Pair Corr
0.81	MTEM	Molecular Templates	Pair Corr
0.91	NKTX	Nkarta Inc	Pair Corr
0.9	TPST	Tempest Therapeutics	Pair Corr
0.82	AGL	agilon health Buyout Trend	Pair Corr
0.69	CYRX	Cryoport	Pair Corr
0.66	TCHH	Trustcash Holdings	Pair Corr
0.68	SHG	Shinhan Financial	Pair Corr
0.73	EC	Ecopetrol SA ADR	Pair Corr
0.8	HYMTF	Hyundai Motor	Pair Corr
0.88	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Immatics Stock

0.7	KZR	Kezar Life Sciences	Pair Corr
0.53	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.51	MLYS	Mineralys Therapeutics,	Pair Corr
0.89	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.89	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.87	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.84	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.71	KB	KB Financial Group	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.63	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	T	ATT Inc Aggressive Push	Pair Corr
0.6	HD	Home Depot	Pair Corr
0.38	VFS	VinFast Auto Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CRNX	ALXO	BCAB	AVTE	KROS	SNDX	MLYS	REPL	JANX	FENC
CRNX		-0.59	0.36	0.72	0.54	0.12	0.66	0.52	0.74	-0.49	CRNX
ALXO	-0.59		-0.21	-0.8	-0.7	0.41	-0.59	-0.61	-0.57	0.89	ALXO
BCAB	0.36	-0.21		0.18	0.55	0.52	0.73	0.38	0.31	-0.35	BCAB
AVTE	0.72	-0.8	0.18		0.59	-0.22	0.51	0.62	0.64	-0.65	AVTE
KROS	0.54	-0.7	0.55	0.59		-0.01	0.69	0.67	0.6	-0.72	KROS
SNDX	0.12	0.41	0.52	-0.22	-0.01		0.33	-0.09	0.02	0.31	SNDX
MLYS	0.66	-0.59	0.73	0.51	0.69	0.33		0.61	0.59	-0.6	MLYS
REPL	0.52	-0.61	0.38	0.62	0.67	-0.09	0.61		0.57	-0.48	REPL
JANX	0.74	-0.57	0.31	0.64	0.6	0.02	0.59	0.57		-0.49	JANX
FENC	-0.49	0.89	-0.35	-0.65	-0.72	0.31	-0.6	-0.48	-0.49		FENC
	CRNX	ALXO	BCAB	AVTE	KROS	SNDX	MLYS	REPL	JANX	FENC

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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

FENC	+ 0.89	ALXO
JANX	+ 0.74	CRNX
MLYS	+ 0.73	BCAB
AVTE	+ 0.72	CRNX
MLYS	+ 0.69	KROS
REPL	+ 0.67	KROS

High negative correlations

AVTE	- 0.8	ALXO
FENC	- 0.72	KROS
KROS	- 0.7	ALXO
FENC	- 0.65	AVTE
REPL	- 0.61	ALXO
FENC	- 0.6	MLYS

Risk-Adjusted Indicators

There is a big difference between Immatics Stock performing well and Immatics 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 Immatics' 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
CRNX	1.71	(0.01)	(0.01)	0.11	2.43	(1.68)	3.67	(3.45)	16.75
ALXO	3.50	(0.92)	0.00	(0.31)	0.00	0.00	7.53	(7.76)	22.71
BCAB	4.31	(0.24)	0.00	(0.03)	0.00	0.00	12.86	(7.59)	31.41
AVTE	2.55	0.49	0.19	0.61	2.13	(3.41)	5.58	(3.86)	19.11
KROS	2.07	0.20	0.10	0.26	2.13	(2.30)	4.39	(4.31)	16.94
SNDX	2.28	(0.56)	0.00	(0.11)	0.00	0.00	4.02	(4.33)	34.00
MLYS	2.68	(0.08)	0.03	0.09	3.37	(2.75)	6.27	(5.79)	20.98
REPL	3.10	0.47	0.16	0.36	2.86	(3.47)	7.38	(5.60)	15.63
JANX	2.50	0.12	0.04	0.25	2.50	(3.00)	6.87	(4.58)	15.08
FENC	3.11	(0.17)	(0.02)	0.02	3.83	(3.57)	7.14	(6.68)	23.48

Immatics Corporate Management

Andrea Mokler	VP Sciences	Profile
Miriam Meyer	VP Affairs	Profile
PHR MBA	Director HR	Profile
Edward Sturchio	General Secretary	Profile
Arnd MBA	Chief Officer	Profile
Toni Weinschenk	CoFounder Officer	Profile

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