Interactive Brokers Correlations

IBKR Stock

USD 64.05 4.62 7.77%

The current 90-days correlation between Interactive Brokers and Chipotle Mexican Grill is 0.3 (i.e., Weak diversification). The correlation of Interactive Brokers 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Interactive Brokers Correlation With Market

Average diversification

The correlation between Interactive Brokers Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interactive Brokers Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Interactive Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Interactive Brokers 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 Interactive Stock

0.93	GS	Goldman Sachs Group	Pair Corr
0.92	MC	Moelis Earnings Call This Week	Pair Corr
0.95	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.83	WSBF	Waterstone Financial	Pair Corr
0.95	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.91	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.95	EVR	Evercore Partners Earnings Call This Week	Pair Corr
0.95	HLI	Houlihan Lokey	Pair Corr
0.84	JXN	Jackson Financial	Pair Corr
0.95	LAZ	Lazard Earnings Call This Week	Pair Corr
0.95	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.93	PJT	PJT Partners	Pair Corr
0.84	PWP	Perella Weinberg Partners	Pair Corr
0.88	SCM	Stellus Capital Inve	Pair Corr
0.81	GAIN	Gladstone Investment	Pair Corr
0.95	GLAD	Gladstone Capital	Pair Corr
0.77	GROW	US Global Investors	Pair Corr
0.86	HTGC	Hercules Capital	Pair Corr
0.89	MAIN	Main Street Capital	Pair Corr
0.71	OPFI	OppFi Inc	Pair Corr
0.87	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.91	ALLY	Ally Financial	Pair Corr

Moving against Interactive Stock

0.37	EZPW	EZCORP Inc	Pair Corr
0.82	SRL	Scully Royalty	Pair Corr
0.39	MKTX	MarketAxess Holdings	Pair Corr
0.51	ORGN	Origin Materials	Pair Corr
0.44	AIHS	Senmiao Technology	Pair Corr
0.41	PSEC	Prospect Capital	Pair Corr
0.33	BOWN	Bowen Acquisition Corp	Pair Corr

Related Correlations Analysis

	CMG	ALNT	VLN	KLIC	RAVE	KRUS	SBUX	UMC
CMG		0.61	0.46	0.85	0.57	0.77	0.77	0.66	CMG
ALNT	0.61		-0.08	0.65	0.54	0.66	0.69	0.76	ALNT
VLN	0.46	-0.08		0.36	0.24	-0.01	0.06	-0.11	VLN
KLIC	0.85	0.65	0.36		0.54	0.82	0.89	0.74	KLIC
RAVE	0.57	0.54	0.24	0.54		0.38	0.37	0.54	RAVE
KRUS	0.77	0.66	-0.01	0.82	0.38		0.91	0.78	KRUS
SBUX	0.77	0.69	0.06	0.89	0.37	0.91		0.78	SBUX
UMC	0.66	0.76	-0.11	0.74	0.54	0.78	0.78		UMC
	CMG	ALNT	VLN	KLIC	RAVE	KRUS	SBUX	UMC

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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

SBUX	+ 0.91	KRUS
SBUX	+ 0.89	KLIC
KLIC	+ 0.85	CMG
KRUS	+ 0.82	KLIC
UMC	+ 0.78	KRUS
UMC	+ 0.78	SBUX

High negative correlations

UMC	- 0.11	VLN
VLN	- 0.08	ALNT
KRUS	- 0.01	VLN

Risk-Adjusted Indicators

There is a big difference between Interactive Stock performing well and Interactive Brokers 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 Interactive Brokers' 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
CMG	1.48	0.16	0.07	0.36	1.47	(1.79)	3.72	(2.61)	7.88
ALNT	2.12	0.83	0.49	0.75	1.05	(2.60)	4.58	(2.89)	24.56
VLN	2.96	0.28	0.07	0.45	3.42	(3.94)	6.00	(4.24)	20.80
KLIC	1.70	0.20	0.13	0.32	1.36	(2.03)	3.88	(2.34)	9.61
RAVE	1.82	0.25	0.10	0.49	1.88	(2.30)	4.56	(2.94)	10.62
KRUS	2.52	0.42	0.12	0.54	2.98	(2.75)	5.34	(4.12)	21.00
SBUX	1.37	0.15	0.07	0.32	1.57	(1.54)	3.27	(2.30)	9.73
UMC	1.41	0.21	0.09	0.55	1.40	(1.65)	3.29	(2.85)	9.03

Interactive Brokers Corporate Management

Thomas Frank	CIO and Executive VP	Profile
David Friedland	Managing Operations	Profile
Denis Mendonca	Chief Accounting Officer and Controller	Profile
Nancy Stuebe	Director Relations	Profile

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