Ibotta, Correlations

IBTA Etf

USD 38.70 1.28 3.20%

The current 90-days correlation between Ibotta, and Haoxi Health Technology is -0.07 (i.e., Good diversification). The correlation of Ibotta, 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.

Ibotta, Correlation With Market

Average diversification

The correlation between Ibotta, and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ibotta, 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 Ibotta,. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Ibotta, Etf refer to our How to Trade Ibotta, Etf guide.

Moving together with Ibotta, Etf

0.8	AI	C3 Ai Inc	Pair Corr
0.72	BL	Blackline	Pair Corr
0.83	DV	DoubleVerify Holdings	Pair Corr
0.9	EB	Eventbrite Class A	Pair Corr
0.7	PD	Pagerduty Tech Boost	Pair Corr
0.78	ZM	Zoom Video Communications	Pair Corr
0.75	DOCU	DocuSign	Pair Corr
0.91	VERX	Vertex	Pair Corr
0.82	DSGX	Descartes Systems	Pair Corr
0.62	DUOL	Duolingo	Pair Corr
0.74	VMEO	Vimeo Inc Potential Growth	Pair Corr
0.93	VTEX	VTEX	Pair Corr
0.75	VTSI	VirTra Inc	Pair Corr
0.73	EGAN	eGain	Pair Corr
0.79	EGHT	8x8 Common Stock	Pair Corr
0.84	ELWS	Earlyworks Co,	Pair Corr
0.81	ETWO	E2open Parent Holdings	Pair Corr
0.67	BMR	Beamr Imaging	Pair Corr

Moving against Ibotta, Etf

0.67	QH	Quhuo	Pair Corr
0.65	ZI	ZoomInfo Technologies	Pair Corr
0.32	ENFN	Enfusion	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.2	0.68	-0.48	0.47	0.32	0.11	0.89	-0.78	0.18	META
MSFT	-0.2		-0.65	0.38	-0.76	0.64	0.88	-0.04	0.52	-0.25	MSFT
UBER	0.68	-0.65		-0.49	0.8	-0.23	-0.56	0.6	-0.86	0.45	UBER
F	-0.48	0.38	-0.49		-0.24	0.18	0.23	-0.38	0.64	0.24	F
T	0.47	-0.76	0.8	-0.24		-0.53	-0.67	0.28	-0.69	0.44	T
A	0.32	0.64	-0.23	0.18	-0.53		0.74	0.56	0.14	-0.04	A
CRM	0.11	0.88	-0.56	0.23	-0.67	0.74		0.2	0.33	-0.3	CRM
JPM	0.89	-0.04	0.6	-0.38	0.28	0.56	0.2		-0.66	0.19	JPM
MRK	-0.78	0.52	-0.86	0.64	-0.69	0.14	0.33	-0.66		-0.27	MRK
XOM	0.18	-0.25	0.45	0.24	0.44	-0.04	-0.3	0.19	-0.27		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.89	META
CRM	+ 0.88	MSFT
T	+ 0.8	UBER
CRM	+ 0.74	A
UBER	+ 0.68	META
A	+ 0.64	MSFT

High negative correlations

MRK	- 0.86	UBER
MRK	- 0.78	META
T	- 0.76	MSFT
MRK	- 0.69	T
CRM	- 0.67	T
MRK	- 0.66	JPM

Ibotta, Competition Risk-Adjusted Indicators

There is a big difference between Ibotta, Etf performing well and Ibotta, ETF 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 Ibotta,'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
META	1.57	0.08	0.00	(0.01)	0.00	0.00	2.57	(3.59)	8.90
MSFT	1.10	(0.14)	0.00	(0.31)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.93	0.23	0.10	0.33	2.40	(2.00)	4.72	(3.30)	12.75
F	1.44	0.06	0.00	(0.04)	0.00	0.00	2.71	(2.89)	10.14
T	1.04	0.28	0.18	0.42	1.60	(1.11)	1.90	(1.75)	11.66
A	1.14	(0.15)	0.00	(0.25)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.42	(0.23)	0.00	(0.30)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.09	0.05	0.00	(0.05)	0.00	0.00	1.99	(3.35)	6.85
MRK	1.21	(0.11)	0.00	2.40	0.00	0.00	2.07	(2.25)	11.58
XOM	1.05	0.06	0.08	0.06	1.38	(1.09)	2.55	(2.36)	5.89

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