Cboe Global Correlations
| CBOE Stock | USD 205.91 1.89 0.93% |
The current 90-days correlation between Cboe Global Markets and CME Group is 0.38 (i.e., 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
Average diversification
The correlation between Cboe Global Markets and DJI is 0.18 (i.e., Average 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.
Cboe |
Moving together with Cboe Stock
| 0.8 | ICE | Intercontinental Exchange Earnings Call This Week | PairCorr |
| 0.74 | CB | Chubb Sell-off Trend | PairCorr |
| 0.62 | EG | Everest Group Earnings Call This Week | PairCorr |
| 0.77 | KB | KB Financial Group Earnings Call This Week | PairCorr |
Moving against Cboe Stock
| 0.38 | V | Visa Class A | PairCorr |
| 0.36 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.5 | LX | Lexinfintech Holdings Trending | PairCorr |
| 0.48 | RM | Regional Management Corp Earnings Call This Week | PairCorr |
| 0.4 | LC | LendingClub Corp | PairCorr |
Related Correlations Analysis
| -0.79 | -0.31 | -0.54 | 0.43 | CME | ||
| -0.79 | 0.68 | 0.82 | -0.29 | MKTX | ||
| -0.31 | 0.68 | 0.76 | 0.02 | ICE | ||
| -0.54 | 0.82 | 0.76 | 0.11 | ALLE | ||
| 0.43 | -0.29 | 0.02 | 0.11 | 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
| High negative correlations
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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 | 0.80 | 0.07 | (0.01) | 0.65 | 1.14 | 1.63 | 5.06 | |||
| MKTX | 0.95 | (0.43) | 0.00 | 36.05 | 0.00 | 1.77 | 7.65 | |||
| ICE | 0.90 | (0.11) | 0.00 | (0.14) | 0.00 | 2.06 | 7.09 | |||
| ALLE | 0.87 | (0.18) | 0.00 | (0.25) | 0.00 | 1.42 | 4.74 | |||
| AIZ | 1.03 | 0.14 | 0.07 | 0.41 | 1.14 | 2.09 | 10.04 |
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 |