CLGN vs IMNN: Correlation
How closely do CollPlant Biotechnologies Ltd. (CLGN) and Imunon, Inc. (IMNN) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLGN and IMNN?
Across a 3-year window, the weekly returns of CLGN and IMNN correlate at 0.29, weak. The past 12 months show a weaker link (-0.02) than the 3-year average (0.29). Stretching to 5 years gives 0.25, with an annualized covariance of 3735.1 %².
By 3-year correlation, IMNN places #5 of the 10 assets tracked against CLGN. Correlation aside, the last 12 months split them widely, with IMNN ahead by 16.4 points (-90.0% versus -73.6%). Note the risk asymmetry: IMNN runs 1.6 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 IMNN: side by side
| CLGN (CollPlant Biotechnologies Ltd.) | IMNN (Imunon, Inc.) | |
|---|---|---|
| 1-year return | -90.0% | -73.6% |
| 5-year return | -98.3% | -99.2% |
| Volatility (ann.) | 87.8% | 144.4% |
| Beta vs S&P 500 | 0.37 | -0.09 |
| Max drawdown (3Y) | -96.4% | -96.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLGN | IMNN |
|---|---|---|
| 2022 | -49.0% | -83.3% |
| 2023 | -23.5% | -49.6% |
| 2024 | -43.7% | +39.7% |
| 2025 | -61.1% | -69.3% |
| 2026 | -79.3% | -58.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLGN and IMNN good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLGN and IMNN?
The CLGN/IMNN correlation stands at 0.29 on a 3-year window (1 year: -0.02, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is IMNN a good diversifier for CLGN?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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-imnn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clgn-vs-imnn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLGN correlations · IMNN correlations
