Immuron Limited American Depositary Shares (IMRN) — Stock Correlations & Overview
Over the past year, IMRN has moved most closely with CHOW, POM, IPHA. Explore the stocks most correlated and inversely correlated with IMRN below, along with its price, financials, and company profile.
Stocks correlated with IMRN
Correlation of daily returns. Higher positive values move with IMRN; negative values move opposite it. Informational only, not investment advice.
Most correlated with IMRN
| Symbol | Company | Correlation |
|---|---|---|
| CHOW | ChowChow Cloud International Holdings Limited | 0.28 |
| POM | POMDOCTOR LIMITED American Depositary Shares | 0.27 |
| IPHA | Innate Pharma S.A. ADS | 0.26 |
| ATPC | Agape ATP Corporation Common StockSERVICES-HEALTH SERVICES | 0.26 |
| BCTX | Briacell Therapeutics Corp. Common SharesPHARMACEUTICAL PREPARATIONS | 0.26 |
Most inversely correlated with IMRN
| Symbol | Company | Correlation |
|---|---|---|
| ESNT | Essent Group LTDSURETY INSURANCE | -0.29 |
| MTG | MGIC Investment Corp.SURETY INSURANCE | -0.26 |
| NMIH | NMI Holdings Inc. Common StockSURETY INSURANCE | -0.25 |
| AHT | Ashford Hospitality Trust, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.24 |
| MGPI | MGP Ingredients IncWHOLESALE-BEER, WINE & DISTILLED ALCOHOLIC BEVERAGES | -0.23 |
Frequently asked questions about IMRN correlations
- Which stocks are most correlated with IMRN?
- Based on one year of daily returns, the stocks most correlated with Immuron Limited American Depositary Shares (IMRN) are CHOW (0.28), POM (0.27) and IPHA (0.26). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with IMRN?
- Over the past year, the stocks most inversely correlated with Immuron Limited American Depositary Shares (IMRN) are ESNT (-0.29), MTG (-0.26) and NMIH (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these IMRN correlations calculated?
- We compute the correlation of daily returns between IMRN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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