GRSD vs IMMR: Correlation
Grandstand Limited (GRSD) and Immersion Corporation (IMMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRSD and IMMR?
Over the past 3 years, GRSD and IMMR moved with a correlation of 0.38, which is moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.38). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 770.5 %².
By 3-year correlation, IMMR places #5 of the 14 assets tracked against GRSD. The last year tells two different stories: IMMR led by 94.5 percentage points, -78.4% for GRSD against +16.1% for IMMR.
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.
GRSD vs IMMR: side by side
| GRSD (Grandstand Limited) | IMMR (Immersion Corporation) | |
|---|---|---|
| 1-year return | -78.4% | +16.1% |
| 5-year return | -85.5% | +17.7% |
| Volatility (ann.) | 53.1% | 38.6% |
| Beta vs S&P 500 | 0.92 | 1.14 |
| Max drawdown (3Y) | -90.1% | -56.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 55.6 |
| Dividend yield | 0.00% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRSD | IMMR |
|---|---|---|
| 2022 | -9.9% | +23.1% |
| 2023 | +6.6% | +3.4% |
| 2024 | +44.4% | +26.5% |
| 2025 | -61.2% | -18.3% |
| 2026 | -66.1% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRSD and IMMR good diversifiers for each other?
Reasonably. At 0.38, GRSD and IMMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRSD and IMMR?
The GRSD/IMMR correlation stands at 0.38 on a 3-year window (1 year: 0.54, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is IMMR a good diversifier for GRSD?
Reasonably. At 0.38, GRSD and IMMR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/grsd-vs-immr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grsd-vs-immr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRSD correlations · IMMR correlations
