CME Correlations

CME Stock

USD 262.89 1.36 0.52%

The current 90-days correlation between CME Group and Intercontinental Exchange is 0.53 (i.e., Very weak diversification). The correlation of CME is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

CME Correlation With Market

Good diversification

The correlation between CME Group and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CME Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CME Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CME Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with CME Stock

0.68	TW	Tradeweb Markets Earnings Call Today	Pair Corr
0.77	ATHR	Aether Holdings,	Pair Corr
0.8	CBOE	Cboe Global Markets Earnings Call Tomorrow	Pair Corr
0.64	GOCOF	Go Metals Corp	Pair Corr
0.63	TTTNF	Titan Minerals	Pair Corr

Moving against CME Stock

0.75	SOHGF	Sohgo Security Services Earnings Call This Week	Pair Corr
0.72	300059	East Money Information	Pair Corr
0.72	ISDAF	Israel Discount Bank	Pair Corr
0.71	WSOUF	Washington H Soul	Pair Corr
0.64	CWQXY	Castellum AB ADR	Pair Corr
0.59	EBR	Centrais Electricas Earnings Call This Week	Pair Corr
0.59	BRST	Broad Street Realty	Pair Corr
0.58	GRAB	Grab Holdings Earnings Call This Week	Pair Corr
0.48	GXAI	Gaxosai	Pair Corr
0.45	RSDEF	Ramsdens Holdings PLC	Pair Corr
0.44	594918AM6	MICROSOFT P 53	Pair Corr
0.36	MMM	3M Company	Pair Corr
0.35	GBHPF	Global Hemp Group	Pair Corr
0.34	TATT	Tat Techno	Pair Corr
0.82	USB	US Bancorp	Pair Corr
0.78	NRWRF	NewRiver REIT plc	Pair Corr
0.77	STNE	StoneCo	Pair Corr
0.76	NGCRY	Nagacorp ADR	Pair Corr
0.72	IAFNF	iA Financial Earnings Call This Week	Pair Corr
0.7	HTWSF	Helios Towers plc Earnings Call This Week	Pair Corr
0.64	INDHF	INDUS Holding AG	Pair Corr
0.59	DBRG	Digitalbridge Group Earnings Call Tomorrow	Pair Corr
0.56	VVCHF	Viva China Holdings	Pair Corr
0.56	TDMMF	Mach7 Technologies	Pair Corr

Related Correlations Analysis

	ICE	COIN	MCO	MMC	BMO	BAM	NDAQ	IBKR	IBN	AON
ICE		-0.49	0.85	0.54	-0.77	0.83	0.88	-0.66	0.72	0.61	ICE
COIN	-0.49		-0.37	-0.24	0.31	-0.22	-0.45	0.78	-0.35	-0.39	COIN
MCO	0.85	-0.37		0.52	-0.72	0.63	0.93	-0.62	0.71	0.62	MCO
MMC	0.54	-0.24	0.52		-0.4	0.58	0.53	-0.28	0.3	0.9	MMC
BMO	-0.77	0.31	-0.72	-0.4		-0.62	-0.78	0.4	-0.81	-0.36	BMO
BAM	0.83	-0.22	0.63	0.58	-0.62		0.65	-0.4	0.56	0.52	BAM
NDAQ	0.88	-0.45	0.93	0.53	-0.78	0.65		-0.64	0.77	0.63	NDAQ
IBKR	-0.66	0.78	-0.62	-0.28	0.4	-0.4	-0.64		-0.59	-0.47	IBKR
IBN	0.72	-0.35	0.71	0.3	-0.81	0.56	0.77	-0.59		0.33	IBN
AON	0.61	-0.39	0.62	0.9	-0.36	0.52	0.63	-0.47	0.33		AON
	ICE	COIN	MCO	MMC	BMO	BAM	NDAQ	IBKR	IBN	AON

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NDAQ	+ 0.93	MCO
AON	+ 0.9	MMC
NDAQ	+ 0.88	ICE
MCO	+ 0.85	ICE
BAM	+ 0.83	ICE
IBKR	+ 0.78	COIN

High negative correlations

IBN	- 0.81	BMO
NDAQ	- 0.78	BMO
BMO	- 0.77	ICE
BMO	- 0.72	MCO
IBKR	- 0.66	ICE
IBKR	- 0.64	NDAQ

Risk-Adjusted Indicators

There is a big difference between CME Stock performing well and CME Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CME's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ICE	0.82	(0.37)	0.00	(0.48)	0.00	0.00	1.70	(2.19)	5.75
COIN	2.59	(0.33)	0.00	(0.01)	0.00	0.00	6.85	(5.82)	18.32
MCO	1.09	(0.22)	0.00	(0.10)	0.00	0.00	2.20	(2.50)	9.46
MMC	0.84	(0.23)	0.00	(0.28)	0.00	0.00	1.67	(1.68)	10.93
BMO	0.69	0.12	0.09	0.30	0.61	(0.76)	1.53	(1.13)	7.72
BAM	1.29	(0.37)	0.00	(0.10)	0.00	0.00	2.40	(3.20)	9.80
NDAQ	0.90	(0.25)	0.00	(0.21)	0.00	0.00	1.62	(2.74)	6.38
IBKR	1.56	0.02	0.01	0.11	2.35	(1.40)	3.71	(3.34)	9.11
IBN	0.82	(0.09)	0.00	0.38	0.00	0.00	1.21	(1.66)	9.21
AON	0.81	(0.16)	0.00	(0.37)	0.00	0.00	1.96	(1.99)	6.29

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