DIT vs ICCM: Correlation
AMCON Distributing Company (DIT) and IceCure Medical Ltd. (ICCM) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIT and ICCM?
Across a 3-year window, the weekly returns of DIT and ICCM correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.26). Stretching to 5 years gives -0.15, with an annualized covariance of -1104.2 %².
Out of 11 assets tracked against DIT, ICCM lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months DIT outperformed by 82.4 percentage points (-9.9% for DIT against -92.3% for ICCM). Note the risk asymmetry: ICCM runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DIT vs ICCM: side by side
| DIT (AMCON Distributing Company) | ICCM (IceCure Medical Ltd.) | |
|---|---|---|
| 1-year return | -9.9% | -92.3% |
| 5-year return | -29.8% | -99.3% |
| Volatility (ann.) | 35.6% | 117.6% |
| Beta vs S&P 500 | 0.09 | 0.41 |
| Max drawdown (3Y) | -55.9% | -95.4% |
| Market cap | – | – |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIT | ICCM |
|---|---|---|
| 2022 | -6.4% | -49.2% |
| 2023 | +8.1% | -31.0% |
| 2024 | -33.7% | +2.8% |
| 2025 | -12.8% | -44.5% |
| 2026 | -6.1% | -87.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIT and ICCM good diversifiers for each other?
Yes. With a correlation of -0.26, DIT and ICCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DIT and ICCM?
The DIT/ICCM correlation stands at -0.26 on a 3-year window (1 year: -0.37, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is ICCM a good diversifier for DIT?
Yes. With a correlation of -0.26, DIT and ICCM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/dit-vs-iccm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dit-vs-iccm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIT correlations · ICCM correlations
