EDBL vs IMNN: Correlation
Edible Garden AG Incorporated (EDBL) and Imunon, Inc. (IMNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDBL and IMNN?
On 3 years of weekly data the EDBL/IMNN correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.36 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 7109.7 %².
IMNN is one of the assets that tracks EDBL most closely: it ranks #3 out of the 10 assets we track against EDBL. Their recent paths diverged sharply: over the last 12 months IMNN outperformed by 26.2 percentage points (-99.8% for EDBL against -73.6% for IMNN).
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.
EDBL vs IMNN: side by side
| EDBL (Edible Garden AG Incorporated) | IMNN (Imunon, Inc.) | |
|---|---|---|
| 1-year return | -99.8% | -73.6% |
| 5-year return | -100.0% | -99.2% |
| Volatility (ann.) | 136.5% | 144.4% |
| Beta vs S&P 500 | 1.62 | -0.09 |
| Max drawdown (3Y) | -100.0% | -96.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDBL | IMNN |
|---|---|---|
| 2022 | – | -83.3% |
| 2023 | -92.0% | -49.6% |
| 2024 | -96.8% | +39.7% |
| 2025 | -92.4% | -69.3% |
| 2026 | -99.5% | -58.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDBL and IMNN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDBL and IMNN?
The EDBL/IMNN correlation stands at 0.36 on a 3-year window (1 year: 0.24, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is IMNN a good diversifier for EDBL?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/edbl-vs-imnn/)
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Related comparisons
Hubs: EDBL correlations · IMNN correlations
