ACXP vs ICMB: Correlation
Measured on weekly returns over the past three years, Acurx Pharmaceuticals, Inc. (ACXP) and Investcorp Credit Management BDC, Inc. (ICMB) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and ICMB?
Over the past 3 years, ACXP and ICMB moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.32). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -2468.8 %².
Among the 32 assets we track against ACXP, ICMB sits near the bottom by co-movement, at rank #31. Twelve-month performance is nearly a tie, at -70.0% for ACXP and -68.0% for ICMB. Risk is not evenly split, since ACXP carries 3.8 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.
ACXP vs ICMB: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | ICMB (Investcorp Credit Management BDC, Inc.) | |
|---|---|---|
| 1-year return | -70.0% | -68.0% |
| 5-year return | -98.5% | -68.9% |
| Volatility (ann.) | 170.6% | 44.6% |
| Beta vs S&P 500 | -0.66 | 0.46 |
| Max drawdown (3Y) | -98.8% | -75.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 28.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | ICMB |
|---|---|---|
| 2022 | -7.9% | -19.0% |
| 2023 | -3.8% | +19.0% |
| 2024 | -78.7% | +0.7% |
| 2025 | -84.7% | +5.9% |
| 2026 | -41.4% | -68.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and ICMB good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACXP and ICMB?
As of 2026-08-27, the correlation of weekly returns between ACXP and ICMB is -0.32 over 3 years, -0.49 over 1 year and -0.25 over 5 years.
Is ICMB a good diversifier for ACXP?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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
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Related comparisons
Hubs: ACXP correlations · ICMB correlations
