ICCM vs KR: Correlation
IceCure Medical Ltd. (ICCM) and Kroger (KR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICCM and KR?
On 3 years of weekly data the ICCM/KR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). The 5-year figure is -0.10, and annualized covariance runs at -670.9 %².
Within ICCM's tracked universe of 41 assets, KR comes in at #31 by 3-year correlation. The last year tells two different stories: KR led by 77.9 percentage points, -92.3% for ICCM against -14.4% for KR. Risk is not evenly split, since ICCM carries 5.0 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.
ICCM vs KR: side by side
| ICCM (IceCure Medical Ltd.) | KR (Kroger) | |
|---|---|---|
| 1-year return | -92.3% | -14.4% |
| 5-year return | -99.3% | +37.3% |
| Volatility (ann.) | 117.6% | 23.4% |
| Beta vs S&P 500 | 0.41 | -0.16 |
| Max drawdown (3Y) | -95.4% | -26.2% |
| Market cap | – | – |
| P/E (trailing) | – | 33.3 |
| Dividend yield | 0.00% | 1.79% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ICCM | KR |
|---|---|---|
| 2022 | -49.2% | +0.4% |
| 2023 | -31.0% | +5.0% |
| 2024 | +2.8% | +36.9% |
| 2025 | -44.5% | +4.3% |
| 2026 | -87.5% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICCM and KR good diversifiers for each other?
Yes. With a correlation of -0.24, ICCM and KR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ICCM and KR?
As of 2026-08-27, the correlation of weekly returns between ICCM and KR is -0.24 over 3 years, -0.39 over 1 year and -0.10 over 5 years.
Is KR a good diversifier for ICCM?
Yes. With a correlation of -0.24, ICCM and KR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/iccm-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iccm-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ICCM correlations · KR correlations
