IMVT vs NEUP: Correlation
How closely do Immunovant, Inc. (IMVT) and Neuphoria Therapeutics Inc. (NEUP) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMVT and NEUP?
Across a 3-year window, the weekly returns of IMVT and NEUP correlate at 0.41, moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.41). Stretching to 5 years gives 0.32, with an annualized covariance of 4511.1 %².
Among the 14 assets we track against IMVT, NEUP ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IMVT ahead by 251.8 points (+188.7% versus -63.1%). Note the risk asymmetry: NEUP runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IMVT vs NEUP: side by side
| IMVT (Immunovant, Inc.) | NEUP (Neuphoria Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +188.7% | -63.1% |
| 5-year return | +424.8% | -97.9% |
| Volatility (ann.) | 71.0% | 155.4% |
| Beta vs S&P 500 | 0.89 | 1.23 |
| Max drawdown (3Y) | -69.9% | -95.7% |
| Market cap | $9.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMVT | NEUP |
|---|---|---|
| 2022 | +108.3% | -62.9% |
| 2023 | +137.4% | -68.2% |
| 2024 | -41.2% | -80.7% |
| 2025 | +2.6% | +13.1% |
| 2026 | +72.4% | -2.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMVT and NEUP good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMVT and NEUP?
As of 2026-08-27, the correlation of weekly returns between IMVT and NEUP is 0.41 over 3 years, -0.01 over 1 year and 0.32 over 5 years.
Is NEUP a good diversifier for IMVT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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
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Related comparisons
Hubs: IMVT correlations · NEUP correlations
