IMDX vs LIVE: Correlation
Insight Molecular Diagnostics Inc. (IMDX) and Live Ventures Incorporated (LIVE) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMDX and LIVE?
On 3 years of weekly data the IMDX/LIVE correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -1624.3 %².
LIVE is close to the least connected end of IMDX's tracked universe, ranking #8 of 10. The last year tells two different stories: IMDX led by 126.1 percentage points, +73.0% for IMDX against -53.1% for LIVE.
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.
IMDX vs LIVE: side by side
| IMDX (Insight Molecular Diagnostics Inc.) | LIVE (Live Ventures Incorporated) | |
|---|---|---|
| 1-year return | +73.0% | -53.1% |
| 5-year return | -94.7% | -76.0% |
| Volatility (ann.) | 89.4% | 94.6% |
| Beta vs S&P 500 | 1.02 | 0.30 |
| Max drawdown (3Y) | -69.9% | -76.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMDX | LIVE |
|---|---|---|
| 2022 | -85.2% | -0.7% |
| 2023 | -61.1% | -18.8% |
| 2024 | -4.8% | -63.3% |
| 2025 | +215.1% | +58.6% |
| 2026 | -42.8% | -37.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMDX and LIVE good diversifiers for each other?
Yes. With a correlation of -0.19, IMDX and LIVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMDX and LIVE?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.23 over the last year and -0.09 over 5 years.
Is LIVE a good diversifier for IMDX?
Yes. With a correlation of -0.19, IMDX and LIVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/imdx-vs-live.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imdx-vs-live/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMDX correlations · LIVE correlations
