EOLS vs ICCC: Correlation
Measured on weekly returns over the past three years, Evolus, Inc. (EOLS) and ImmuCell Corporation (ICCC) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOLS and ICCC?
Across a 3-year window, the weekly returns of EOLS and ICCC correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.14, with an annualized covariance of -576.6 %².
Out of 10 assets tracked against EOLS, ICCC lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with ICCC ahead by 47.1 points (+17.2% 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.
EOLS vs ICCC: side by side
| EOLS (Evolus, Inc.) | ICCC (ImmuCell Corporation) | |
|---|---|---|
| 1-year return | +17.2% | +64.3% |
| 5-year return | -16.1% | +10.8% |
| Volatility (ann.) | 63.5% | 45.2% |
| Beta vs S&P 500 | 1.06 | 0.01 |
| Max drawdown (3Y) | -77.5% | -40.0% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | 143.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EOLS | ICCC |
|---|---|---|
| 2022 | +15.4% | -23.8% |
| 2023 | +40.2% | -16.6% |
| 2024 | +4.8% | +1.2% |
| 2025 | -39.8% | +19.4% |
| 2026 | +33.5% | +62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOLS and ICCC good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EOLS and ICCC?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.16 over the last year and -0.14 over 5 years.
Is ICCC a good diversifier for EOLS?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
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/eols-vs-iccc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eols-vs-iccc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EOLS correlations · ICCC correlations
