Icon Plc (ICLR) — Stock Correlations & Overview
Over the past year, ICLR has moved most closely with IQV, CRL, TMO. Explore the stocks most correlated and inversely correlated with ICLR below, along with its price, financials, and company profile.
Stocks correlated with ICLR
Correlation of daily returns. Higher positive values move with ICLR; negative values move opposite it. Informational only, not investment advice.
Most correlated with ICLR
| Symbol | Company | Correlation |
|---|---|---|
| IQV | IQVIA Holdings Inc.SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | 0.55 |
| CRL | Charles River Laboratories International, Inc.SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | 0.52 |
| TMO | Thermo Fisher Scientific, Inc.MEASURING & CONTROLLING DEVICES, NEC | 0.48 |
| LSTR | Landstar System IncTRUCKING (NO LOCAL) | 0.48 |
| RVTY | Revvity, Inc.LABORATORY ANALYTICAL INSTRUMENTS | 0.46 |
Most inversely correlated with ICLR
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.33 |
| MGRT | Mega Fortune Company Limited Ordinary Shares | -0.32 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.32 |
| CGNX | Cognex CorpINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | -0.32 |
| RWT | Redwood Trust, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.32 |
Frequently asked questions about ICLR correlations
- Which stocks are most correlated with ICLR?
- Based on one year of daily returns, the stocks most correlated with Icon Plc (ICLR) are IQV (0.55), CRL (0.52) and TMO (0.48). 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 ICLR?
- Over the past year, the stocks most inversely correlated with Icon Plc (ICLR) are HDGE (-0.33), MGRT (-0.32) and DWSH (-0.32). 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 ICLR correlations calculated?
- We compute the correlation of daily returns between ICLR 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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