AEON vs IMMR: Correlation
Measured on weekly returns over the past three years, AEON Biopharma, Inc. (AEON) and Immersion Corporation (IMMR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEON and IMMR?
Across a 3-year window, the weekly returns of AEON and IMMR correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.35 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 1932.8 %².
In AEON's tracked universe of 10 assets, IMMR sits right near the top at #1. The last year tells two different stories: IMMR led by 77.9 percentage points, -61.8% for AEON against +16.1% for IMMR. One caveat on sizing: AEON is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AEON vs IMMR: side by side
| AEON (AEON Biopharma, Inc.) | IMMR (Immersion Corporation) | |
|---|---|---|
| 1-year return | -61.8% | +16.1% |
| 5-year return | n/a | +17.7% |
| Volatility (ann.) | 141.3% | 38.6% |
| Beta vs S&P 500 | 1.33 | 1.14 |
| Max drawdown (3Y) | -100.0% | -56.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 55.6 |
| Dividend yield | 0.00% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEON | IMMR |
|---|---|---|
| 2022 | – | +23.1% |
| 2023 | – | +3.4% |
| 2024 | -92.5% | +26.5% |
| 2025 | -97.2% | -18.3% |
| 2026 | -73.3% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEON and IMMR good diversifiers for each other?
Reasonably. At 0.35, AEON and IMMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AEON and IMMR?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.17 over the last year and 0.32 over 5 years.
Is IMMR a good diversifier for AEON?
Reasonably. At 0.35, AEON and IMMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeon-vs-immr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeon-vs-immr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEON correlations · IMMR correlations
