AES vs ICCC: Correlation
How closely do AES Corporation (AES) and ImmuCell Corporation (ICCC) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AES and ICCC?
Across a 3-year window, the weekly returns of AES and ICCC correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.20). Stretching to 5 years gives -0.09, with an annualized covariance of -369.9 %².
Among the 31 assets we track against AES, ICCC ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ICCC ahead by 48.4 points (+15.9% versus +64.3%).
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.
AES vs ICCC: side by side
| AES (AES Corporation) | ICCC (ImmuCell Corporation) | |
|---|---|---|
| 1-year return | +15.9% | +64.3% |
| 5-year return | -25.1% | +10.8% |
| Volatility (ann.) | 40.5% | 45.2% |
| Beta vs S&P 500 | 0.86 | 0.01 |
| Max drawdown (3Y) | -53.3% | -40.0% |
| Market cap | $10.5B | $0.1B |
| P/E (trailing) | 5.5 | 143.1 |
| Dividend yield | 4.78% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AES | ICCC |
|---|---|---|
| 2022 | +21.7% | -23.8% |
| 2023 | -30.9% | -16.6% |
| 2024 | -30.4% | +1.2% |
| 2025 | +18.3% | +19.4% |
| 2026 | +6.6% | +62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AES and ICCC good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AES and ICCC?
The AES/ICCC correlation stands at -0.20 on a 3-year window (1 year: 0.01, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is ICCC a good diversifier for AES?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/aes-vs-iccc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aes-vs-iccc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AES correlations · ICCC correlations
