IMVT vs NYC: Correlation
How closely do Immunovant, Inc. (IMVT) and American Strategic Investment Co. (NYC) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMVT and NYC?
Over the past 3 years, IMVT and NYC moved with a correlation of 0.30, which is moderate. The past 12 months show a weaker link (-0.02) than the 3-year average (0.30). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is 1263.0 %².
By 3-year correlation, NYC places #8 of the 14 assets tracked against IMVT. Their recent paths diverged sharply: over the last 12 months IMVT outperformed by 228.3 percentage points (+188.7% for IMVT against -39.6% for NYC).
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 NYC: side by side
| IMVT (Immunovant, Inc.) | NYC (American Strategic Investment Co.) | |
|---|---|---|
| 1-year return | +188.7% | -39.6% |
| 5-year return | +424.8% | -9.2% |
| Volatility (ann.) | 71.0% | 59.5% |
| Beta vs S&P 500 | 0.89 | 0.56 |
| Max drawdown (3Y) | -69.9% | -60.0% |
| Market cap | $9.1B | – |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMVT | NYC |
|---|---|---|
| 2022 | +108.3% | -80.8% |
| 2023 | +137.4% | +350.3% |
| 2024 | -41.2% | +6.5% |
| 2025 | +2.6% | -2.4% |
| 2026 | +72.4% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMVT and NYC good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMVT and NYC?
As of 2026-08-27, the correlation of weekly returns between IMVT and NYC is 0.30 over 3 years, -0.02 over 1 year and -0.01 over 5 years.
Is NYC a good diversifier for IMVT?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/imvt-vs-nyc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/imvt-vs-nyc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMVT correlations · NYC correlations
