IMA vs UUU: Correlation
How closely do ImageneBio, Inc. (IMA) and Universal Safety Products, Inc. (UUU) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMA and UUU?
Over the past 3 years, IMA and UUU moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.32). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -2823.2 %².
Among the 12 assets we track against IMA, UUU sits near the bottom by co-movement, at rank #12. The last year tells two different stories: UUU led by 145.0 percentage points, -60.9% for IMA against +84.1% for UUU. Risk is not evenly split, since UUU carries 1.7 times the volatility of the other side.
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 UUU: side by side
| IMA (ImageneBio, Inc.) | UUU (Universal Safety Products, Inc.) | |
|---|---|---|
| 1-year return | -60.9% | +84.1% |
| 5-year return | -96.6% | +5.9% |
| Volatility (ann.) | 71.9% | 122.8% |
| Beta vs S&P 500 | 0.99 | -0.54 |
| Max drawdown (3Y) | -92.1% | -77.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMA | UUU |
|---|---|---|
| 2022 | -78.8% | -40.3% |
| 2023 | -25.9% | -18.2% |
| 2024 | -16.8% | +42.8% |
| 2025 | -64.9% | +158.6% |
| 2026 | -22.8% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMA and UUU good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IMA and UUU?
The IMA/UUU correlation stands at -0.32 on a 3-year window (1 year: -0.53, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is UUU a good diversifier for IMA?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
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/ima-vs-uuu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ima-vs-uuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMA correlations · UUU correlations
