Intercontinental Correlations

Stocks . USA . 
Stock . Intercontinental Exchange
ICE Stock  USD 180.72  1.22  0.67%   
The current 90-days correlation between Intercontinental Exchange and Nasdaq Inc is 0.55 (i.e., Very weak diversification). The correlation of Intercontinental 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.

Intercontinental Correlation With Market

Very weak diversification

The correlation between Intercontinental Exchange and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intercontinental Exchange and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Intercontinental Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intercontinental Exchange. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Intercontinental Stock

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Moving against Intercontinental Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Intercontinental Stock performing well and Intercontinental 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 Intercontinental'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.

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