CME Correlations

Stocks . USA . 
Stock . CME Group
CME Stock  USD 266.49  2.91  1.10%   
The current 90-days correlation between CME Group and Nasdaq Inc is 0.18 (i.e., Average 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.
  
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 population.

Moving together with CME Stock

  0.9ICE Intercontinental ExchangePairCorr
  0.68MKTW MarketwisePairCorr
  0.9CBOE Cboe Global Markets Low VolatilityPairCorr
  0.74V Visa Class APairCorr
  0.64CB ChubbPairCorr
  0.9DB Deutsche Bank AG Buyout TrendPairCorr
  0.77GL Globe LifePairCorr
  0.78LU Lufax HoldingPairCorr
  0.91LX Lexinfintech HoldingsPairCorr

Moving against CME Stock

  0.81BTOG Bit OriginPairCorr
  0.81COIN Coinbase GlobalPairCorr
  0.8MORN MorningstarPairCorr
  0.79MSCI MSCI IncPairCorr
  0.72FDS FactSet Research Systems Earnings Call TomorrowPairCorr
  0.69VALU Value LinePairCorr
  0.86CM Canadian Imperial BankPairCorr
  0.85BX Blackstone Group Normal TradingPairCorr
  0.73CG Carlyle GroupPairCorr
  0.71AX Axos FinancialPairCorr
  0.56DHIL Diamond Hill InvestmentPairCorr
  0.52BN Brookfield CorpPairCorr
  0.46BY Byline BancorpPairCorr
  0.38EG Everest GroupPairCorr
  0.92LC LendingClub CorpPairCorr
  0.75KB KB Financial GroupPairCorr
  0.74RY Royal BankPairCorr
  0.69PX P10 IncPairCorr
  0.68RF Regions FinancialPairCorr
  0.67MC MoelisPairCorr

Related Correlations Analysis

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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   
MCO
+ 0.94
SPGI
MCO
+ 0.9
NDAQ
MORN
+ 0.85
MSCI
SPGI
+ 0.79
NDAQ
MORN
+ 0.55
NDAQ
ICE
+ 0.55
SPGI
  
High negative correlations   
ICE
- 0.58
MSCI
MORN
- 0.57
ICE

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.

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