Which stocks are most correlated with ICUI?

Based on one year of daily returns, the stocks most correlated with ICU Medical Inc (ICUI) are XHE (0.67), MDEV (0.67) and PSCH (0.59). 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 ICUI?

Over the past year, the stocks most inversely correlated with ICU Medical Inc (ICUI) are SBB (-0.53), SDD (-0.53) and HDGE (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

ICU Medical Inc (ICUI) — Stock Correlations & Overview

Over the past year, ICUI has moved most closely with XHE, MDEV, PSCH. Explore the stocks most correlated and inversely correlated with ICUI below, along with its price, financials, and company profile.

Stocks correlated with ICUI

Correlation of daily returns. Higher positive values move with ICUI; negative values move opposite it. Informational only, not investment advice.

Most correlated with ICUI

Symbol	Company	Correlation
XHE	State Street SPDR S&P Health Care Equipment ETF	0.67
MDEV	First Trust Indxx Medical Devices ETF	0.67
PSCH	Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE	0.59
JPSV	JPMorgan Active Small Cap Value ETF	0.58
SQLV	Royce Quant Small-Cap Quality Value ETF	0.58

Most inversely correlated with ICUI

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.53
SDD	ProShares UltraShort SmallCap600	-0.53
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.53
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.51
SMDD	ProShares UltraPro Short MidCap400	-0.51

Frequently asked questions about ICUI correlations

Which stocks are most correlated with ICUI?: Based on one year of daily returns, the stocks most correlated with ICU Medical Inc (ICUI) are XHE (0.67), MDEV (0.67) and PSCH (0.59). 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 ICUI?: Over the past year, the stocks most inversely correlated with ICU Medical Inc (ICUI) are SBB (-0.53), SDD (-0.53) and HDGE (-0.53). 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 ICUI correlations calculated?: We compute the correlation of daily returns between ICUI 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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