IMMR vs TBCH: Correlation
How closely do Immersion Corporation (IMMR) and Turtle Beach Corporation (TBCH) 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 IMMR and TBCH?
Across a 3-year window, the weekly returns of IMMR and TBCH correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 1000.9 %².
Few assets follow IMMR as closely as TBCH, which ranks #2 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months IMMR outperformed by 32.7 percentage points (+16.1% for IMMR against -16.6% for TBCH).
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.
IMMR vs TBCH: side by side
| IMMR (Immersion Corporation) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | +16.1% | -16.6% |
| 5-year return | +17.7% | -55.7% |
| Volatility (ann.) | 38.6% | 57.8% |
| Beta vs S&P 500 | 1.14 | 2.21 |
| Max drawdown (3Y) | -56.9% | -51.8% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 55.6 | – |
| Dividend yield | 3.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMMR | TBCH |
|---|---|---|
| 2022 | +23.1% | -67.8% |
| 2023 | +3.4% | +52.7% |
| 2024 | +26.5% | +58.1% |
| 2025 | -18.3% | -18.9% |
| 2026 | +18.6% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMMR and TBCH good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMMR and TBCH?
The IMMR/TBCH correlation stands at 0.45 on a 3-year window (1 year: 0.42, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TBCH a good diversifier for IMMR?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/immr-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/immr-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMMR correlations · TBCH correlations
