Cboe Global Correlations

CBOE Stock

USD 210.80 3.43 1.65%

The current 90-days correlation between Cboe Global Markets and CME Group is 0.54 (i.e., Very weak diversification). The correlation of Cboe Global 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.

Cboe Global Correlation With Market

Significant diversification

The correlation between Cboe Global Markets and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cboe Global Markets and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cboe Stock

0.78	ICE	Intercontinental Exchange	Pair Corr
0.75	MCO	Moodys	Pair Corr
0.81	NDAQ	Nasdaq Inc	Pair Corr
0.78	SPGI	SP Global	Pair Corr
0.61	BN	Brookfield Corp	Pair Corr
0.68	FG	FG Annuities Life Normal Trading	Pair Corr

Moving against Cboe Stock

0.41	VALU	Value Line	Pair Corr
0.48	LC	LendingClub Corp	Pair Corr

Related Correlations Analysis

	CME	MKTX	ICE	ALLE	AIZ
CME		-0.81	0.78	-0.53	-0.44	CME
MKTX	-0.81		-0.46	0.82	0.77	MKTX
ICE	0.78	-0.46		-0.08	0.01	ICE
ALLE	-0.53	0.82	-0.08		0.83	ALLE
AIZ	-0.44	0.77	0.01	0.83		AIZ
	CME	MKTX	ICE	ALLE	AIZ

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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

AIZ	+ 0.83	ALLE
ALLE	+ 0.82	MKTX
ICE	+ 0.78	CME
AIZ	+ 0.77	MKTX
AIZ	+ 0.01	ICE

High negative correlations

MKTX	- 0.81	CME
ALLE	- 0.53	CME
ICE	- 0.46	MKTX
AIZ	- 0.44	CME
ALLE	- 0.08	ICE

Risk-Adjusted Indicators

There is a big difference between Cboe Stock performing well and Cboe Global 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 Cboe Global'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
CME	0.82	0.22	0.19	1.42	0.92	(0.85)	1.94	(1.85)	5.06
MKTX	1.09	(0.44)	0.00	(11.36)	0.00	0.00	1.77	(2.52)	10.70
ICE	0.82	0.15	0.16	0.23	0.85	(0.97)	2.06	(1.66)	5.45
ALLE	0.96	(0.13)	0.00	(0.24)	0.00	0.00	1.53	(2.50)	7.86
AIZ	0.98	(0.10)	0.00	(0.18)	0.00	0.00	2.09	(2.43)	5.07

Cboe Global Corporate Management

John JD	General VP	Profile
Katherine Kirkpatrick	Chief Digital	Profile
Hatice Unal	Senior Infrastructure	Profile
Allen CPA	Senior Officer	Profile
Bo Chung	Senior Licensing	Profile

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