CCCC vs IMMX: Correlation
C4 Therapeutics, Inc. (CCCC) and Immix Biopharma, Inc. (IMMX) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCCC and IMMX?
Across a 3-year window, the weekly returns of CCCC and IMMX correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.37). Stretching to 5 years gives 0.24, with an annualized covariance of 5907.2 %².
Within CCCC's tracked universe of 19 assets, IMMX comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IMMX outperformed by 571.2 percentage points (+58.9% for CCCC against +630.1% for IMMX). One caveat on sizing: CCCC is 2.1 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.
CCCC vs IMMX: side by side
| CCCC (C4 Therapeutics, Inc.) | IMMX (Immix Biopharma, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | +630.1% |
| 5-year return | -90.1% | +289.9% |
| Volatility (ann.) | 184.7% | 86.8% |
| Beta vs S&P 500 | 3.22 | 1.23 |
| Max drawdown (3Y) | -90.0% | -81.6% |
| Market cap | $0.5B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCCC | IMMX |
|---|---|---|
| 2022 | -81.7% | -35.7% |
| 2023 | -4.2% | +202.2% |
| 2024 | -36.3% | -68.2% |
| 2025 | -46.9% | +137.7% |
| 2026 | +114.7% | +173.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCCC and IMMX good diversifiers for each other?
Reasonably. At 0.37, CCCC and IMMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCCC and IMMX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.24 over the last year and 0.24 over 5 years.
Is IMMX a good diversifier for CCCC?
Reasonably. At 0.37, CCCC and IMMX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cccc-vs-immx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cccc-vs-immx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCCC correlations · IMMX correlations
