IMA vs LPA: Correlation
Measured on weekly returns over the past three years, ImageneBio, Inc. (IMA) and Logistic Properties of the Americas (LPA) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMA and LPA?
Over the past 3 years, IMA and LPA moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (-0.03) than the 3-year average (0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 11872.9 %².
LPA is one of the assets that tracks IMA most closely: it ranks #2 out of the 12 assets we track against IMA. On 12-month performance LPA holds a 8.6-point edge, -60.9% against -52.3%. Note the risk asymmetry: LPA runs 7.5 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.
IMA vs LPA: side by side
| IMA (ImageneBio, Inc.) | LPA (Logistic Properties of the Americas) | |
|---|---|---|
| 1-year return | -60.9% | -52.3% |
| 5-year return | -96.6% | n/a |
| Volatility (ann.) | 71.9% | 540.6% |
| Beta vs S&P 500 | 0.99 | -0.73 |
| Max drawdown (3Y) | -92.1% | -99.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 5.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMA | LPA |
|---|---|---|
| 2022 | -78.8% | – |
| 2023 | -25.9% | – |
| 2024 | -16.8% | – |
| 2025 | -64.9% | -74.5% |
| 2026 | -22.8% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMA and LPA good diversifiers for each other?
Reasonably. At 0.40, IMA and LPA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMA and LPA?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with -0.03 over the last year and n/a over 5 years.
Is LPA a good diversifier for IMA?
Reasonably. At 0.40, IMA and LPA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/ima-vs-lpa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ima-vs-lpa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMA correlations · LPA correlations
