EHGO vs ICCM: Correlation
Eshallgo Inc. - Class A (EHGO) and IceCure Medical Ltd. (ICCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and ICCM?
On 3 years of weekly data the EHGO/ICCM correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 5404.4 %².
Within EHGO's tracked universe of 66 assets, ICCM comes in at #5 by 3-year correlation. Their 12-month results are close: -90.1% for EHGO against -92.3% for ICCM.
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.
EHGO vs ICCM: side by side
| EHGO (Eshallgo Inc. - Class A) | ICCM (IceCure Medical Ltd.) | |
|---|---|---|
| 1-year return | -90.1% | -92.3% |
| 5-year return | n/a | -99.3% |
| Volatility (ann.) | 127.9% | 117.6% |
| Beta vs S&P 500 | -1.42 | 0.41 |
| Max drawdown (3Y) | -98.5% | -95.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | ICCM |
|---|---|---|
| 2022 | – | -49.2% |
| 2023 | – | -31.0% |
| 2024 | – | +2.8% |
| 2025 | -94.4% | -44.5% |
| 2026 | -65.9% | -87.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and ICCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EHGO and ICCM?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is ICCM a good diversifier for EHGO?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/ehgo-vs-iccm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ehgo-vs-iccm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · ICCM correlations
