IMUX vs NMRA: Correlation
Measured on weekly returns over the past three years, Immunic, Inc. (IMUX) and Neumora Therapeutics, Inc. (NMRA) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMUX and NMRA?
Across a 3-year window, the weekly returns of IMUX and NMRA correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 3348.3 %².
Among the 13 assets we track against IMUX, NMRA ranks #7 by 3-year correlation. The last year tells two different stories: IMUX led by 106.5 percentage points, +90.6% for IMUX against -15.9% for NMRA.
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.
IMUX vs NMRA: side by side
| IMUX (Immunic, Inc.) | NMRA (Neumora Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +90.6% | -15.9% |
| 5-year return | -83.6% | n/a |
| Volatility (ann.) | 76.2% | 111.2% |
| Beta vs S&P 500 | 1.04 | 2.04 |
| Max drawdown (3Y) | -73.8% | -96.9% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMUX | NMRA |
|---|---|---|
| 2022 | -85.4% | – |
| 2023 | +7.1% | – |
| 2024 | -33.3% | -37.8% |
| 2025 | -46.6% | -83.1% |
| 2026 | +205.2% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMUX and NMRA good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMUX and NMRA?
The IMUX/NMRA correlation stands at 0.39 on a 3-year window (1 year: 0.38, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NMRA a good diversifier for IMUX?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/imux-vs-nmra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/imux-vs-nmra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMUX correlations · NMRA correlations
