ICCM vs SLB: Correlation
Measured on weekly returns over the past three years, IceCure Medical Ltd. (ICCM) and Schlumberger (SLB) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICCM and SLB?
On 3 years of weekly data the ICCM/SLB correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.26). The 5-year figure is -0.15, and annualized covariance runs at -1059.3 %².
Among the 41 assets we track against ICCM, SLB sits near the bottom by co-movement, at rank #37. The last year tells two different stories: SLB led by 149.4 percentage points, -92.3% for ICCM against +57.1% for SLB. Note the risk asymmetry: ICCM runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLB: side by side
| ICCM (IceCure Medical Ltd.) | SLB (Schlumberger) | |
|---|---|---|
| 1-year return | -92.3% | +57.1% |
| 5-year return | -99.3% | +117.1% |
| Volatility (ann.) | 117.6% | 35.1% |
| Beta vs S&P 500 | 0.41 | 0.57 |
| Max drawdown (3Y) | -95.4% | -46.6% |
| Market cap | – | $81.6B |
| P/E (trailing) | – | 26.2 |
| Dividend yield | 0.00% | 2.16% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | ICCM | SLB |
|---|---|---|
| 2022 | -49.2% | +81.2% |
| 2023 | -31.0% | -0.8% |
| 2024 | +2.8% | -24.5% |
| 2025 | -44.5% | +3.3% |
| 2026 | -87.5% | +44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICCM and SLB good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ICCM and SLB?
The ICCM/SLB correlation stands at -0.26 on a 3-year window (1 year: -0.42, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is SLB a good diversifier for ICCM?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/iccm-vs-slb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iccm-vs-slb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ICCM correlations · SLB correlations
