ACN vs ICCM: Correlation
Measured on weekly returns over the past three years, Accenture (ACN) and IceCure Medical Ltd. (ICCM) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and ICCM?
On 3 years of weekly data the ACN/ICCM correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.23). The 5-year figure is -0.12, and annualized covariance runs at -899.4 %².
Out of 37 assets tracked against ACN, ICCM lands near the bottom at #34. The last year tells two different stories: ACN led by 66.7 percentage points, -25.6% for ACN against -92.3% for ICCM. Risk is not evenly split, since ICCM carries 3.6 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.
ACN vs ICCM: side by side
| ACN (Accenture) | ICCM (IceCure Medical Ltd.) | |
|---|---|---|
| 1-year return | -25.6% | -92.3% |
| 5-year return | -39.6% | -99.3% |
| Volatility (ann.) | 32.6% | 117.6% |
| Beta vs S&P 500 | 0.69 | 0.41 |
| Max drawdown (3Y) | -68.2% | -95.4% |
| Market cap | $114.7B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ACN | ICCM |
|---|---|---|
| 2022 | -34.8% | -49.2% |
| 2023 | +33.6% | -31.0% |
| 2024 | +1.9% | +2.8% |
| 2025 | -22.6% | -44.5% |
| 2026 | -28.7% | -87.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and ICCM good diversifiers for each other?
Yes. With a correlation of -0.23, ACN and ICCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACN and ICCM?
The ACN/ICCM correlation stands at -0.23 on a 3-year window (1 year: -0.38, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is ICCM a good diversifier for ACN?
Yes. With a correlation of -0.23, ACN and ICCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/acn-vs-iccm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acn-vs-iccm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACN correlations · ICCM correlations
