Interactive Brokers Correlations

IBKR Stock

USD 191.09 0.03 0.02%

The current 90-days correlation between Interactive Brokers and Yuexiu Transport Infrastructure is 0.01 (i.e., Significant 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

Very weak diversification

The correlation between Interactive Brokers Group and DJI is 0.59 (i.e., Very weak 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.

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

0.85	V	Visa Class A	Pair Corr
0.94	DIST	Distoken Acquisition	Pair Corr
0.89	MA	Mastercard	Pair Corr
0.84	MC	Moelis	Pair Corr
0.96	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.96	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.77	TW	Tradeweb Markets	Pair Corr
0.65	GCMGW	GCM Grosvenor	Pair Corr
0.77	DYCQ	DT Cloud Acquisition	Pair Corr
0.72	ROCLW	Roth CH Acquisition	Pair Corr
0.78	EMCG	Embrace Change Acqui	Pair Corr
0.83	ESHA	ESH Acquisition Corp	Pair Corr
0.79	EVGR	Evergreen Corp	Pair Corr
0.61	DISTR	Distoken Acquisition	Pair Corr
0.77	ANSCW	Agriculture Natural	Pair Corr

Moving against Interactive Stock

0.78	WU	Western Union Sell-off Trend	Pair Corr
0.61	BRACU	Broad Capital Acquisition	Pair Corr
0.58	PT	Pintec Technology	Pair Corr
0.5	RC	Ready Capital Corp	Pair Corr
0.39	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.37	TETEW	Technology Telecommunicatio	Pair Corr
0.73	BRKHU	BurTech Acquisition Corp	Pair Corr
0.44	BRKHW	BurTech Acquisition Corp	Pair Corr
0.42	DISTW	Distoken Acquisition	Pair Corr
0.41	ROCLU	Roth CH Acquisition	Pair Corr
0.4	EARN	Ellington Residential	Pair Corr
0.35	PFTAU	Portage Fintech Acqu	Pair Corr
0.33	EMCGU	Embrace Change Acqui	Pair Corr
0.31	PFTAW	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	CARS	GZITF	DAN	THO	PCAR	LIDR	BC
CARS		0.63	-0.38	0.24	0.36	-0.46	0.01	CARS
GZITF	0.63		-0.76	0.46	0.79	-0.56	0.19	GZITF
DAN	-0.38	-0.76		0.0	-0.49	0.67	0.06	DAN
THO	0.24	0.46	0.0		0.73	-0.01	0.72	THO
PCAR	0.36	0.79	-0.49	0.73		-0.26	0.47	PCAR
LIDR	-0.46	-0.56	0.67	-0.01	-0.26		0.12	LIDR
BC	0.01	0.19	0.06	0.72	0.47	0.12		BC
	CARS	GZITF	DAN	THO	PCAR	LIDR	BC

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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

PCAR	+ 0.79	GZITF
PCAR	+ 0.73	THO
BC	+ 0.72	THO
LIDR	+ 0.67	DAN
GZITF	+ 0.63	CARS
BC	+ 0.47	PCAR

High negative correlations

DAN	- 0.76	GZITF
LIDR	- 0.56	GZITF
PCAR	- 0.49	DAN
LIDR	- 0.46	CARS
DAN	- 0.38	CARS
LIDR	- 0.26	PCAR

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
CARS	1.57	0.02	0.04	0.15	1.63	(1.88)	4.66	(2.75)	9.11
GZITF	0.84	0.37	0.00	0.98	0.00	0.00	0.00	0.00	26.67
DAN	2.79	(0.41)	0.00	(0.03)	0.00	0.00	5.53	(5.70)	22.77
THO	1.69	(0.12)	(0.02)	0.05	1.97	(1.83)	4.29	(2.77)	10.61
PCAR	1.26	0.14	0.14	0.23	1.14	(1.51)	3.32	(2.43)	10.18
LIDR	3.16	(0.26)	0.00	(0.08)	0.00	0.00	7.55	(5.74)	17.33
BC	1.57	(0.18)	(0.05)	0.02	1.93	(1.67)	3.84	(2.97)	11.27

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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