IMNN vs URGN: Correlation
Measured on weekly returns over the past three years, Imunon, Inc. (IMNN) and UroGen Pharma Ltd. (URGN) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNN and URGN?
On 3 years of weekly data the IMNN/URGN correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.24 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -2991.7 %².
Among the 14 assets we track against IMNN, URGN sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months URGN outperformed by 206.5 percentage points (-73.6% for IMNN against +132.9% for URGN). One caveat on sizing: IMNN is 1.6 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.
IMNN vs URGN: side by side
| IMNN (Imunon, Inc.) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -73.6% | +132.9% |
| 5-year return | -99.2% | +157.5% |
| Volatility (ann.) | 144.4% | 88.1% |
| Beta vs S&P 500 | -0.09 | 1.29 |
| Max drawdown (3Y) | -96.5% | -79.7% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMNN | URGN |
|---|---|---|
| 2022 | -83.3% | -6.7% |
| 2023 | -49.6% | +69.1% |
| 2024 | +39.7% | -29.0% |
| 2025 | -69.3% | +119.9% |
| 2026 | -58.0% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNN and URGN good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMNN and URGN?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with 0.02 over the last year and -0.09 over 5 years.
Is URGN a good diversifier for IMNN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/imnn-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imnn-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMNN correlations · URGN correlations
