ELBM vs IMNM: Correlation
Measured on weekly returns over the past three years, Electra Battery Materials Corporation (ELBM) and Immunome, Inc. (IMNM) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELBM and IMNM?
On 3 years of weekly data the ELBM/IMNM correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.37 over 3. The 5-year figure is 0.30, and annualized covariance runs at 2534.6 %².
Few assets follow ELBM as closely as IMNM, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with IMNM ahead by 221.2 points (-31.0% versus +190.2%).
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.
ELBM vs IMNM: side by side
| ELBM (Electra Battery Materials Corporation) | IMNM (Immunome, Inc.) | |
|---|---|---|
| 1-year return | -31.0% | +190.2% |
| 5-year return | -96.3% | +102.5% |
| Volatility (ann.) | 90.9% | 75.1% |
| Beta vs S&P 500 | 1.38 | 1.55 |
| Max drawdown (3Y) | -93.0% | -79.7% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELBM | IMNM |
|---|---|---|
| 2022 | -62.5% | -82.9% |
| 2023 | -78.0% | +384.2% |
| 2024 | +27.1% | -0.7% |
| 2025 | -56.9% | +102.3% |
| 2026 | -22.4% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELBM and IMNM good diversifiers for each other?
Reasonably. At 0.37, ELBM and IMNM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ELBM and IMNM?
As of 2026-08-27, the correlation of weekly returns between ELBM and IMNM is 0.37 over 3 years, 0.43 over 1 year and 0.30 over 5 years.
Is IMNM a good diversifier for ELBM?
Reasonably. At 0.37, ELBM and IMNM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/elbm-vs-imnm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/elbm-vs-imnm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELBM correlations · IMNM correlations
