Icon Energy Corp. Common stock (ICON) — Stock Correlations & Overview
Over the past year, ICON has moved most closely with ONDS, BAIG, BBAI. Explore the stocks most correlated and inversely correlated with ICON below, along with its price, financials, and company profile.
Stocks correlated with ICON
Correlation of daily returns. Higher positive values move with ICON; negative values move opposite it. Informational only, not investment advice.
Most correlated with ICON
| Symbol | Company | Correlation |
|---|---|---|
| ONDS | Ondas Inc. Common StockRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT | 0.33 |
| BAIG | Leverage Shares 2X Long BBAI Daily ETF | 0.32 |
| BBAI | BigBear.ai Holdings, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.32 |
| MEME | Roundhill Meme Stock ETF | 0.31 |
| PDYN | Palladyne AI Corp. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.31 |
Most inversely correlated with ICON
| Symbol | Company | Correlation |
|---|---|---|
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.28 |
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -0.27 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.26 |
| TPB | Turning Point Brands, Inc.TOBACCO PRODUCTS | -0.25 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.23 |
Frequently asked questions about ICON correlations
- Which stocks are most correlated with ICON?
- Based on one year of daily returns, the stocks most correlated with Icon Energy Corp. Common stock (ICON) are ONDS (0.33), BAIG (0.32) and BBAI (0.32). 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 ICON?
- Over the past year, the stocks most inversely correlated with Icon Energy Corp. Common stock (ICON) are QBTZ (-0.28), IONZ (-0.27) and RGTZ (-0.26). 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 ICON correlations calculated?
- We compute the correlation of daily returns between ICON 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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