AENT vs IMRX: Correlation
Alliance Entertainment Holding Corporation (AENT) and Immuneering Corporation (IMRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AENT and IMRX?
Across a 3-year window, the weekly returns of AENT and IMRX correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 3443.9 %².
Few assets follow AENT as closely as IMRX, which ranks #3 of 12 tracked partners. Their 12-month results are close: +4.0% for AENT against +0.4% for IMRX.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AENT vs IMRX: side by side
| AENT (Alliance Entertainment Holding Corporation) | IMRX (Immuneering Corporation) | |
|---|---|---|
| 1-year return | +4.0% | +0.4% |
| 5-year return | -43.4% | -80.2% |
| Volatility (ann.) | 94.6% | 116.1% |
| Beta vs S&P 500 | 1.21 | 2.14 |
| Max drawdown (3Y) | -78.2% | -88.7% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AENT | IMRX |
|---|---|---|
| 2022 | +4.0% | -70.0% |
| 2023 | -90.9% | +51.5% |
| 2024 | +876.3% | -70.1% |
| 2025 | -10.8% | +199.1% |
| 2026 | -32.2% | -20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AENT and IMRX good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AENT and IMRX?
The AENT/IMRX correlation stands at 0.31 on a 3-year window (1 year: 0.32, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is IMRX a good diversifier for AENT?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AENT correlations · IMRX correlations
