Immunic Correlations

IMUX Stock

USD 0.97 0.04 4.41%

The current 90-days correlation between Immunic and Generation Bio Co is 0.01 (i.e., Significant diversification). The correlation of Immunic 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.

Immunic Correlation With Market

Average diversification

The correlation between Immunic and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immunic 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 Immunic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Immunic Stock please use our How to Invest in Immunic guide.

Moving together with Immunic Stock

0.71	JNJ	Johnson Johnson	Pair Corr
0.71	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.72	MRK	Merck Company Earnings Call This Week	Pair Corr
0.73	UPC	Universe Pharmaceuticals	Pair Corr
0.83	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.67	ENSG	Ensign Group	Pair Corr
0.66	NHC	National HealthCare	Pair Corr
0.73	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.73	PNTG	Pennant Group	Pair Corr
0.73	688639	Anhui Huaheng Biotec	Pair Corr
0.63	300439	Ningbo MedicalSystem	Pair Corr
0.61	688670	Jiangsu GDK Biotechnology	Pair Corr
0.63	301301	Yili Chuanning Biote	Pair Corr
0.68	688739	Liaoning Chengda Bio	Pair Corr

Moving against Immunic Stock

0.62	ALTS	ALT5 Sigma Symbol Change	Pair Corr
0.33	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.32	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.68	V	Visa Class A	Pair Corr
0.66	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.6	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.59	GILT	Gilat Satellite Networks	Pair Corr
0.51	MTZ	MasTec Inc	Pair Corr
0.39	ADUS	Addus HomeCare	Pair Corr
0.35	NRG	NRG Energy	Pair Corr
0.34	VIST	Vista Oil Gas	Pair Corr

Related Correlations Analysis

	GBIO	KRON	ERAS	CCCC	EWTX	FHTX	STTK	GLUE	KYMR	NRIX
GBIO		-0.37	0.61	0.96	0.88	0.87	0.35	0.59	0.84	0.92	GBIO
KRON	-0.37		-0.42	-0.27	-0.47	-0.6	0.29	-0.32	-0.29	-0.46	KRON
ERAS	0.61	-0.42		0.53	0.65	0.76	0.18	0.82	0.6	0.55	ERAS
CCCC	0.96	-0.27	0.53		0.84	0.8	0.35	0.51	0.83	0.91	CCCC
EWTX	0.88	-0.47	0.65	0.84		0.9	0.12	0.67	0.85	0.88	EWTX
FHTX	0.87	-0.6	0.76	0.8	0.9		0.12	0.77	0.85	0.89	FHTX
STTK	0.35	0.29	0.18	0.35	0.12	0.12		0.1	0.21	0.31	STTK
GLUE	0.59	-0.32	0.82	0.51	0.67	0.77	0.1		0.65	0.55	GLUE
KYMR	0.84	-0.29	0.6	0.83	0.85	0.85	0.21	0.65		0.86	KYMR
NRIX	0.92	-0.46	0.55	0.91	0.88	0.89	0.31	0.55	0.86		NRIX
	GBIO	KRON	ERAS	CCCC	EWTX	FHTX	STTK	GLUE	KYMR	NRIX

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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

CCCC	+ 0.96	GBIO
NRIX	+ 0.92	GBIO
NRIX	+ 0.91	CCCC
FHTX	+ 0.9	EWTX
NRIX	+ 0.89	FHTX
EWTX	+ 0.88	GBIO

High negative correlations

FHTX	- 0.6	KRON
EWTX	- 0.47	KRON
NRIX	- 0.46	KRON
ERAS	- 0.42	KRON
KRON	- 0.37	GBIO
GLUE	- 0.32	KRON

Risk-Adjusted Indicators

There is a big difference between Immunic Stock performing well and Immunic 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 Immunic'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
GBIO	3.73	(1.44)	0.00	(2.09)	0.00	0.00	6.74	(8.33)	22.69
KRON	2.53	0.17	0.02	(4.27)	2.75	(3.39)	5.75	(4.35)	17.56
ERAS	3.40	(0.44)	0.00	(0.67)	0.00	0.00	6.06	(7.35)	26.76
CCCC	4.02	(0.75)	0.00	(0.39)	0.00	0.00	8.59	(7.99)	24.60
EWTX	2.69	(0.41)	0.00	(0.15)	0.00	0.00	4.81	(5.54)	26.07
FHTX	3.24	(0.93)	0.00	(0.46)	0.00	0.00	5.05	(8.30)	20.44
STTK	4.25	0.12	0.00	(0.37)	4.85	(4.94)	10.74	(9.01)	22.78
GLUE	5.58	0.96	0.17	7.48	4.45	(7.48)	10.21	(8.46)	103.72
KYMR	2.87	(0.35)	0.00	(0.16)	0.00	0.00	5.88	(7.08)	16.08
NRIX	2.65	(0.38)	0.00	(0.30)	0.00	0.00	6.17	(4.73)	20.84

Immunic Corporate Management

Patrick Walsh	Chief Officer	Profile
Glenn CPA	Chief Officer	Profile
Andreas MD	Chief Officer	Profile
Inderpal Singh	General Counsel	Profile
Jessica Breu	Head Communications	Profile

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