CLGN vs IMCC: Correlation
CollPlant Biotechnologies Ltd. (CLGN) and IM Cannabis Corp. (IMCC) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLGN and IMCC?
On 3 years of weekly data the CLGN/IMCC correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.44). The 5-year figure is 0.35, and annualized covariance runs at 6808.2 %².
In CLGN's tracked universe of 10 assets, IMCC sits right near the top at #2. Their 12-month results are close: -90.0% for CLGN against -94.2% for IMCC. Note the risk asymmetry: IMCC runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLGN vs IMCC: side by side
| CLGN (CollPlant Biotechnologies Ltd.) | IMCC (IM Cannabis Corp.) | |
|---|---|---|
| 1-year return | -90.0% | -94.2% |
| 5-year return | -98.3% | -99.9% |
| Volatility (ann.) | 87.8% | 174.2% |
| Beta vs S&P 500 | 0.37 | 1.11 |
| Max drawdown (3Y) | -96.4% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLGN | IMCC |
|---|---|---|
| 2022 | -49.0% | -97.1% |
| 2023 | -23.5% | -63.4% |
| 2024 | -43.7% | +8.8% |
| 2025 | -61.1% | -40.4% |
| 2026 | -79.3% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLGN and IMCC good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLGN and IMCC?
The CLGN/IMCC correlation stands at 0.44 on a 3-year window (1 year: 0.04, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is IMCC a good diversifier for CLGN?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/clgn-vs-imcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clgn-vs-imcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLGN correlations · IMCC correlations
