CRBP vs IPM: Correlation
How closely do Corbus Pharmaceuticals Holdings, Inc. (CRBP) and Intelligent Protection Management Corp. (IPM) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBP and IPM?
Over the past 3 years, CRBP and IPM moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 4537.9 %².
Within CRBP's tracked universe of 17 assets, IPM comes in at #11 by 3-year correlation. The trailing year gives CRBP the advantage: +6.3% versus -5.6%, a 11.9-point spread. One caveat on sizing: CRBP is 3.1 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.
CRBP vs IPM: side by side
| CRBP (Corbus Pharmaceuticals Holdings, Inc.) | IPM (Intelligent Protection Management Corp.) | |
|---|---|---|
| 1-year return | +6.3% | -5.6% |
| 5-year return | -68.8% | -49.5% |
| Volatility (ann.) | 207.1% | 67.6% |
| Beta vs S&P 500 | 1.79 | 0.96 |
| Max drawdown (3Y) | -92.0% | -72.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRBP | IPM |
|---|---|---|
| 2022 | -82.0% | -53.5% |
| 2023 | +81.4% | +77.3% |
| 2024 | +95.4% | -15.0% |
| 2025 | -31.0% | -13.6% |
| 2026 | +36.7% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBP and IPM good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRBP and IPM?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.24 over the last year and 0.14 over 5 years.
Is IPM a good diversifier for CRBP?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crbp-vs-ipm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crbp-vs-ipm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRBP correlations · IPM correlations
