Intercontinental Correlations

ICE Stock

USD 158.75 1.25 0.79%

The current 90-days correlation between Intercontinental Exchange and Nasdaq Inc is 0.49 (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

Weak diversification

The correlation between Intercontinental Exchange and DJI is 0.3 (i.e., 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 population.

Moving together with Intercontinental Stock

0.95	TW	Tradeweb Markets Normal Trading	Pair Corr
0.76	X	TMX Group Limited	Pair Corr
0.68	CME	CME Group Sell-off Trend	Pair Corr
0.86	FDS	FactSet Research Systems	Pair Corr
0.77	MCO	Moodys Earnings Call This Week	Pair Corr
0.71	LSEG	London Stock Exchange	Pair Corr
0.71	MKTX	MarketAxess Holdings	Pair Corr
0.76	MORN	Morningstar	Pair Corr
0.66	NDAQ	Nasdaq Inc	Pair Corr
0.65	CARERATING	CARE Ratings Limited Earnings Call This Week	Pair Corr
0.79	ASX	ASX	Pair Corr
0.74	CRISIL	CRISIL Limited	Pair Corr
0.69	ATHR	Aether Holdings, Tech Boost	Pair Corr
0.81	SPGI	SP Global	Pair Corr
0.61	BSE	BSE Limited	Pair Corr

Moving against Intercontinental Stock

0.95	HUT	Hut 8 Corp Normal Trading	Pair Corr
0.85	HOOD	Robinhood Markets	Pair Corr
0.73	WTMAR	Welsbach Technology	Pair Corr
0.65	300059	East Money Information	Pair Corr
0.57	601519	Shanghai DZH	Pair Corr
0.43	NSX	NSX	Pair Corr
0.8	EVGO	Evgo Inc	Pair Corr
0.76	BRK-A	Berkshire Hathaway	Pair Corr
0.75	SNOW	Snowflake	Pair Corr
0.72	TDY	Teledyne Technologies	Pair Corr
0.7	AGMH	AGM Group Holdings	Pair Corr
0.69	300033	Hithink RoyalFlush Info	Pair Corr
0.61	ARQQ	Arqit Quantum Upward Rally	Pair Corr
0.58	BKKT	Bakkt Holdings	Pair Corr

Related Correlations Analysis

	NDAQ	SPGI	MCO	FDS	CME	MSCI
NDAQ		0.87	0.86	0.48	0.31	-0.03	NDAQ
SPGI	0.87		0.92	0.7	0.33	0.06	SPGI
MCO	0.86	0.92		0.71	0.37	0.04	MCO
FDS	0.48	0.7	0.71		0.54	-0.09	FDS
CME	0.31	0.33	0.37	0.54		-0.39	CME
MSCI	-0.03	0.06	0.04	-0.09	-0.39		MSCI
	NDAQ	SPGI	MCO	FDS	CME	MSCI

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

MCO	+ 0.92	SPGI
SPGI	+ 0.87	NDAQ
MCO	+ 0.86	NDAQ
FDS	+ 0.71	MCO
FDS	+ 0.7	SPGI
CME	+ 0.54	FDS

High negative correlations

MSCI	- 0.39	CME
MSCI	- 0.09	FDS
MSCI	- 0.03	NDAQ

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NDAQ	0.88	(0.02)	(0.04)	0.00	1.25	(0.89)	1.62	(1.74)	10.46
SPGI	0.85	(0.17)	0.00	(0.27)	0.00	0.00	1.52	(1.48)	10.78
MCO	0.93	(0.13)	0.00	(0.08)	0.00	0.00	1.72	(2.21)	9.46
FDS	1.40	(0.69)	0.00	(1.08)	0.00	0.00	2.05	(2.98)	13.98
CME	0.76	(0.01)	0.00	0.10	0.00	0.00	1.47	(1.61)	5.71
MSCI	1.19	(0.08)	0.00	(0.04)	0.00	0.00	2.63	(2.50)	10.51

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