IMNN vs LQDA: Correlation
How closely do Imunon, Inc. (IMNN) and Liquidia Corporation (LQDA) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNN and LQDA?
On 3 years of weekly data the IMNN/LQDA correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.17) runs above the 3-year figure (-0.28). The 5-year figure is -0.18, and annualized covariance runs at -2920.5 %².
Out of 14 assets tracked against IMNN, LQDA lands near the bottom at #14. The last year tells two different stories: LQDA led by 223.4 percentage points, -73.6% for IMNN against +149.8% for LQDA. Risk is not evenly split, since IMNN carries 2.0 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.
IMNN vs LQDA: side by side
| IMNN (Imunon, Inc.) | LQDA (Liquidia Corporation) | |
|---|---|---|
| 1-year return | -73.6% | +149.8% |
| 5-year return | -99.2% | +2500.0% |
| Volatility (ann.) | 144.4% | 72.2% |
| Beta vs S&P 500 | -0.09 | 1.47 |
| Max drawdown (3Y) | -96.5% | -46.8% |
| Market cap | – | $6.3B |
| P/E (trailing) | – | 51.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMNN | LQDA |
|---|---|---|
| 2022 | -83.3% | +30.8% |
| 2023 | -49.6% | +88.9% |
| 2024 | +39.7% | -2.2% |
| 2025 | -69.3% | +193.3% |
| 2026 | -58.0% | +102.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNN and LQDA good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IMNN and LQDA?
The IMNN/LQDA correlation stands at -0.28 on a 3-year window (1 year: -0.17, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is LQDA a good diversifier for IMNN?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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
$ curl https://www.pairbook.io/api/v1/pairs/imnn-vs-lqda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imnn-vs-lqda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMNN correlations · LQDA correlations
