ACFN vs GIC: Correlation
Acorn Energy, Inc. (ACFN) and Global Industrial Company (GIC) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACFN and GIC?
Over the past 3 years, ACFN and GIC moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 984.1 %².
Few assets follow ACFN as closely as GIC, which ranks #2 of 14 tracked partners. The last year tells two different stories: GIC led by 35.7 percentage points, -27.0% for ACFN against +8.7% for GIC. Risk is not evenly split, since ACFN carries 2.3 times the volatility of the other side.
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.
ACFN vs GIC: side by side
| ACFN (Acorn Energy, Inc.) | GIC (Global Industrial Company) | |
|---|---|---|
| 1-year return | -27.0% | +8.7% |
| 5-year return | +122.5% | +21.2% |
| Volatility (ann.) | 81.3% | 35.8% |
| Beta vs S&P 500 | 0.68 | 0.84 |
| Max drawdown (3Y) | -58.1% | -53.2% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | 33.9 | 17.8 |
| Dividend yield | 0.00% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACFN | GIC |
|---|---|---|
| 2022 | -44.4% | -41.0% |
| 2023 | +8.8% | +69.7% |
| 2024 | +193.8% | -34.3% |
| 2025 | -15.6% | +22.4% |
| 2026 | +36.8% | +39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACFN and GIC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACFN and GIC?
As of 2026-08-27, the correlation of weekly returns between ACFN and GIC is 0.34 over 3 years, 0.35 over 1 year and 0.22 over 5 years.
Is GIC a good diversifier for ACFN?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/acfn-vs-gic.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acfn-vs-gic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACFN correlations · GIC correlations
