IMPP vs NGEN: Correlation
Imperial Petroleum Inc. (IMPP) and NervGen Pharma Corp. (NGEN) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMPP and NGEN?
Across a 3-year window, the weekly returns of IMPP and NGEN correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.20). Stretching to 5 years gives -0.09, with an annualized covariance of -865.7 %².
NGEN is close to the least connected end of IMPP's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with IMPP ahead by 56.4 points (+53.3% versus -3.1%). One caveat on sizing: NGEN 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.
IMPP vs NGEN: side by side
| IMPP (Imperial Petroleum Inc.) | NGEN (NervGen Pharma Corp.) | |
|---|---|---|
| 1-year return | +53.3% | -3.1% |
| 5-year return | -95.5% | +44.1% |
| Volatility (ann.) | 51.6% | 84.7% |
| Beta vs S&P 500 | 0.12 | 0.57 |
| Max drawdown (3Y) | -49.8% | -73.4% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMPP | NGEN |
|---|---|---|
| 2022 | -88.7% | -44.1% |
| 2023 | -27.0% | +71.4% |
| 2024 | +14.0% | +6.9% |
| 2025 | +20.3% | +156.9% |
| 2026 | +39.8% | -58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMPP and NGEN good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IMPP and NGEN?
As of 2026-08-27, the correlation of weekly returns between IMPP and NGEN is -0.20 over 3 years, -0.46 over 1 year and -0.09 over 5 years.
Is NGEN a good diversifier for IMPP?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/impp-vs-ngen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/impp-vs-ngen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMPP correlations · NGEN correlations
