IMCC vs RCKT: Correlation
Measured on weekly returns over the past three years, IM Cannabis Corp. (IMCC) and Rocket Pharmaceuticals, Inc. (RCKT) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMCC and RCKT?
Across a 3-year window, the weekly returns of IMCC and RCKT correlate at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.33). Stretching to 5 years gives -0.18, with an annualized covariance of -4489.2 %².
Among the 14 assets we track against IMCC, RCKT sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months RCKT outperformed by 103.2 percentage points (-94.2% for IMCC against +9.0% for RCKT). One caveat on sizing: IMCC is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RCKT: side by side
| IMCC (IM Cannabis Corp.) | RCKT (Rocket Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -94.2% | +9.0% |
| 5-year return | -99.9% | -89.2% |
| Volatility (ann.) | 174.2% | 78.7% |
| Beta vs S&P 500 | 1.11 | 1.78 |
| Max drawdown (3Y) | -98.4% | -92.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMCC | RCKT |
|---|---|---|
| 2022 | -97.1% | -10.4% |
| 2023 | -63.4% | +53.1% |
| 2024 | +8.8% | -58.1% |
| 2025 | -40.4% | -72.1% |
| 2026 | -90.6% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMCC and RCKT good diversifiers for each other?
Yes. With a correlation of -0.33, IMCC and RCKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMCC and RCKT?
The IMCC/RCKT correlation stands at -0.33 on a 3-year window (1 year: 0.15, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is RCKT a good diversifier for IMCC?
Yes. With a correlation of -0.33, IMCC and RCKT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imcc-vs-rckt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imcc-vs-rckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMCC correlations · RCKT correlations
