CME Correlations

CME Stock

USD 308.09 4.18 1.38%

The current 90-days correlation between CME Group and Intercontinental Exchange is 0.28 (i.e., Modest 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.

CME Correlation With Market

Very weak diversification

The correlation between CME Group and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CME Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CME Stock

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 state.

Moving together with CME Stock

0.62	TW	Tradeweb Markets	Pair Corr
0.83	MLNMA	Nicolas Miguet et	Pair Corr
0.61	C67	Cboe Global Markets	Pair Corr
0.82	YBV0	B3 SA UNSPADR1	Pair Corr
0.67	SOUU	SINGAPORE EXUNSPADR15	Pair Corr
0.63	EUX	EUWAX Aktiengesellschaft	Pair Corr

Moving against CME Stock

0.94	FA1	FactSet Research Systems	Pair Corr
0.93	FDS	FactSet Research Systems	Pair Corr
0.88	1QZ	COINBASE GLBCLA 00001	Pair Corr
0.88	HOOD	Robinhood Markets Aggressive Push	Pair Corr
0.86	X	TMX Group Limited	Pair Corr
0.84	9TX	TMX GROUP LTD	Pair Corr
0.8	LS4C	London Stock Exchange Earnings Call This Week	Pair Corr
0.72	NAQ	Nasdaq Inc	Pair Corr
0.68	MCO	Moodys	Pair Corr
0.46	3HM	MSCI Inc	Pair Corr
0.42	ENX	EURONEXT NV UNSPADR15	Pair Corr
0.39	ENXB	Euronext NV	Pair Corr
0.92	MORN	Morningstar	Pair Corr
0.85	LSEG	London Stock Exchange Earnings Call This Week	Pair Corr
0.83	MHL	SP Global	Pair Corr
0.83	MHL	SP Global	Pair Corr
0.77	ATHR	Aether Holdings Earnings Call This Week	Pair Corr
0.76	DUT	Moodys	Pair Corr
0.76	SPGI	SP Global	Pair Corr
0.7	AGMH	AGM Group Holdings	Pair Corr
0.61	NDAQ	Nasdaq Inc Normal Trading	Pair Corr
0.55	STI	Solidion Technology Upward Rally	Pair Corr
0.4	BKKT	Bakkt Holdings	Pair Corr
0.33	63DA	DEUTSCHE BOERSE ADR	Pair Corr

Related Correlations Analysis

	ICE	COIN	MCO	BMO	MMC	BAM	MFG	NDAQ	IBN	BNS
ICE		-0.15	0.63	0.42	-0.37	0.01	0.33	0.71	-0.48	0.52	ICE
COIN	-0.15		0.53	-0.86	0.04	0.42	-0.88	0.41	-0.05	-0.76	COIN
MCO	0.63	0.53		-0.28	-0.27	0.3	-0.38	0.96	-0.41	-0.12	MCO
BMO	0.42	-0.86	-0.28		-0.31	-0.13	0.95	-0.15	-0.06	0.95	BMO
MMC	-0.37	0.04	-0.27	-0.31		-0.59	-0.2	-0.41	0.38	-0.49	MMC
BAM	0.01	0.42	0.3	-0.13	-0.59		-0.2	0.37	-0.05	0.05	BAM
MFG	0.33	-0.88	-0.38	0.95	-0.2	-0.2		-0.27	0.08	0.87	MFG
NDAQ	0.71	0.41	0.96	-0.15	-0.41	0.37	-0.27		-0.49	0.05	NDAQ
IBN	-0.48	-0.05	-0.41	-0.06	0.38	-0.05	0.08	-0.49		-0.23	IBN
BNS	0.52	-0.76	-0.12	0.95	-0.49	0.05	0.87	0.05	-0.23		BNS
	ICE	COIN	MCO	BMO	MMC	BAM	MFG	NDAQ	IBN	BNS

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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

NDAQ	+ 0.96	MCO
MFG	+ 0.95	BMO
BNS	+ 0.95	BMO
BNS	+ 0.87	MFG
NDAQ	+ 0.71	ICE
MCO	+ 0.63	ICE

High negative correlations

MFG	- 0.88	COIN
BMO	- 0.86	COIN
BNS	- 0.76	COIN
BAM	- 0.59	MMC
IBN	- 0.49	NDAQ
BNS	- 0.49	MMC

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ICE	1.15	(0.03)	(0.02)	0.04	2.15	(1.01)	2.09	(2.46)	11.53
COIN	3.05	(0.87)	0.00	(0.24)	0.00	0.00	6.47	(7.06)	21.12
MCO	1.20	(0.14)	0.00	(0.11)	0.00	0.00	1.45	(2.32)	14.49
BMO	1.00	0.19	0.14	0.26	1.13	(1.06)	2.12	(1.62)	6.14
MMC	0.94	(0.18)	0.00	(25.79)	0.00	0.00	1.97	(1.64)	9.33
BAM	1.53	(0.11)	(0.03)	0.00	2.27	(1.49)	2.43	(4.19)	9.20
MFG	1.37	0.34	0.17	0.33	1.64	(1.43)	2.99	(3.12)	12.43
NDAQ	1.20	(0.15)	0.00	(0.09)	0.00	0.00	2.20	(3.37)	11.68
IBN	0.82	(0.05)	0.00	(0.02)	0.00	0.00	1.76	(2.05)	7.06
BNS	0.76	0.19	0.12	0.53	0.91	(0.83)	1.69	(1.75)	6.23

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