ICL Group Ltd. (ICL) — Stock Correlations & Overview
Over the past year, ICL has moved most closely with AMSC, GNLX, ASPN. Explore the stocks most correlated and inversely correlated with ICL below, along with its price, financials, and company profile.
Stocks correlated with ICL
Correlation of daily returns. Higher positive values move with ICL; negative values move opposite it. Informational only, not investment advice.
Most correlated with ICL
| Symbol | Company | Correlation |
|---|---|---|
| AMSC | American Superconductor CorpMOTORS & GENERATORS | 0.41 |
| GNLX | Genelux Corporation Common StockPHARMACEUTICAL PREPARATIONS | 0.41 |
| ASPN | Aspen Aerogels, Inc.WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS | 0.40 |
| ACVA | ACV Auctions Inc.SERVICES-BUSINESS SERVICES, NEC | 0.38 |
| ARQ | Arq, Inc. Common StockMISCELLANEOUS CHEMICAL PRODUCTS | 0.36 |
Most inversely correlated with ICL
| Symbol | Company | Correlation |
|---|---|---|
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.29 |
| PSQ | ProShares Short QQQ | -0.29 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.28 |
Frequently asked questions about ICL correlations
- Which stocks are most correlated with ICL?
- Based on one year of daily returns, the stocks most correlated with ICL Group Ltd. (ICL) are AMSC (0.41), GNLX (0.41) and ASPN (0.40). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ICL?
- Over the past year, the stocks most inversely correlated with ICL Group Ltd. (ICL) are UVXY (-0.29), VIXY (-0.29) and UVIX (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ICL correlations calculated?
- We compute the correlation of daily returns between ICL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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