IMCC vs PRTA: Correlation
IM Cannabis Corp. (IMCC) and Prothena Corporation plc (PRTA) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMCC and PRTA?
Over the past 3 years, IMCC and PRTA moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.23). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -2275.4 %².
Out of 14 assets tracked against IMCC, PRTA lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with PRTA ahead by 100.4 points (-94.2% versus +6.2%). Risk is not evenly split, since IMCC carries 3.0 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.
IMCC vs PRTA: side by side
| IMCC (IM Cannabis Corp.) | PRTA (Prothena Corporation plc) | |
|---|---|---|
| 1-year return | -94.2% | +6.2% |
| 5-year return | -99.9% | -86.9% |
| Volatility (ann.) | 174.2% | 57.9% |
| Beta vs S&P 500 | 1.11 | 0.93 |
| Max drawdown (3Y) | -98.4% | -91.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMCC | PRTA |
|---|---|---|
| 2022 | -97.1% | +22.0% |
| 2023 | -63.4% | -39.7% |
| 2024 | +8.8% | -61.9% |
| 2025 | -40.4% | -31.0% |
| 2026 | -90.6% | -4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMCC and PRTA good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IMCC and PRTA?
The IMCC/PRTA correlation stands at -0.23 on a 3-year window (1 year: 0.00, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is PRTA a good diversifier for IMCC?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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
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Related comparisons
Hubs: IMCC correlations · PRTA correlations
