EZRA vs ICCC: Correlation
How closely do Reliance Global Group, Inc. (EZRA) and ImmuCell Corporation (ICCC) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZRA and ICCC?
On 3 years of weekly data the EZRA/ICCC correlation comes out at 0.27, weak. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.27 over 3 years. The 5-year figure is 0.22, and annualized covariance runs at 1796.6 %².
By 3-year correlation, ICCC places #7 of the 12 assets tracked against EZRA. The last year tells two different stories: ICCC led by 156.6 percentage points, -92.3% for EZRA against +64.3% for ICCC. Risk is not evenly split, since EZRA carries 3.3 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.
EZRA vs ICCC: side by side
| EZRA (Reliance Global Group, Inc.) | ICCC (ImmuCell Corporation) | |
|---|---|---|
| 1-year return | -92.3% | +64.3% |
| 5-year return | -100.0% | +10.8% |
| Volatility (ann.) | 149.2% | 45.2% |
| Beta vs S&P 500 | 1.32 | 0.01 |
| Max drawdown (3Y) | -99.9% | -40.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.9 | 143.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZRA | ICCC |
|---|---|---|
| 2022 | -91.2% | -23.8% |
| 2023 | -93.7% | -16.6% |
| 2024 | -71.7% | +1.2% |
| 2025 | -79.6% | +19.4% |
| 2026 | -86.0% | +62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZRA and ICCC good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EZRA and ICCC?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.09 over the last year and 0.22 over 5 years.
Is ICCC a good diversifier for EZRA?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ezra-vs-iccc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ezra-vs-iccc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EZRA correlations · ICCC correlations
