IMDX vs TRON: Correlation
How closely do Insight Molecular Diagnostics Inc. (IMDX) and Tron Inc. (TRON) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMDX and TRON?
Across a 3-year window, the weekly returns of IMDX and TRON correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.45 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 16374.0 %².
In IMDX's tracked universe of 10 assets, TRON sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months IMDX outperformed by 129.8 percentage points (+73.0% for IMDX against -56.8% for TRON). Note the risk asymmetry: TRON runs 4.6 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.
IMDX vs TRON: side by side
| IMDX (Insight Molecular Diagnostics Inc.) | TRON (Tron Inc.) | |
|---|---|---|
| 1-year return | +73.0% | -56.8% |
| 5-year return | -94.7% | n/a |
| Volatility (ann.) | 89.4% | 408.5% |
| Beta vs S&P 500 | 1.02 | 0.10 |
| Max drawdown (3Y) | -69.9% | -91.5% |
| Market cap | $0.1B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMDX | TRON |
|---|---|---|
| 2022 | -85.2% | – |
| 2023 | -61.1% | – |
| 2024 | -4.8% | -59.4% |
| 2025 | +215.1% | +97.1% |
| 2026 | -42.8% | +72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMDX and TRON good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMDX and TRON?
As of 2026-08-27, the correlation of weekly returns between IMDX and TRON is 0.45 over 3 years, 0.04 over 1 year and n/a over 5 years.
Is TRON a good diversifier for IMDX?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-tron.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imdx-vs-tron/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMDX correlations · TRON correlations
