ICCC vs TMC: Correlation
Measured on weekly returns over the past three years, ImmuCell Corporation (ICCC) and TMC the metals company Inc. (TMC) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICCC and TMC?
Across a 3-year window, the weekly returns of ICCC and TMC correlate at 0.26, weak. The past 12 months show a weaker link (0.15) than the 3-year average (0.26). Stretching to 5 years gives 0.16, with an annualized covariance of 1099.8 %².
By 3-year correlation, TMC places #4 of the 13 assets tracked against ICCC. The last year tells two different stories: ICCC led by 68.4 percentage points, +64.3% for ICCC against -4.1% for TMC. One caveat on sizing: TMC is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ICCC vs TMC: side by side
| ICCC (ImmuCell Corporation) | TMC (TMC the metals company Inc.) | |
|---|---|---|
| 1-year return | +64.3% | -4.1% |
| 5-year return | +10.8% | -45.9% |
| Volatility (ann.) | 45.2% | 94.3% |
| Beta vs S&P 500 | 0.01 | 1.21 |
| Max drawdown (3Y) | -40.0% | -67.7% |
| Market cap | $0.1B | $2.9B |
| P/E (trailing) | 143.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICCC | TMC |
|---|---|---|
| 2022 | -23.8% | -63.0% |
| 2023 | -16.6% | +42.9% |
| 2024 | +1.2% | +1.8% |
| 2025 | +19.4% | +450.9% |
| 2026 | +62.9% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICCC and TMC good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ICCC and TMC?
The ICCC/TMC correlation stands at 0.26 on a 3-year window (1 year: 0.15, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is TMC a good diversifier for ICCC?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/iccc-vs-tmc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iccc-vs-tmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ICCC correlations · TMC correlations
