Interactive Brokers Correlations

IBKR Stock

USD 190.09 1.93 1.03%

The current 90-days correlation between Interactive Brokers and Westinghouse Air Brake is 0.48 (i.e., Very weak 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

Significant diversification

The correlation between Interactive Brokers Group and DJI is 0.06 (i.e., Significant 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

0.9	V	Visa Class A	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.76	BN	Brookfield Corp	Pair Corr
0.69	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.67	CG	Carlyle Group	Pair Corr
0.62	DX	Dynex Capital	Pair Corr
0.92	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.61	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.79	MC	Moelis	Pair Corr
0.85	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.89	PX	P10 Inc	Pair Corr
0.67	QD	Qudian Inc	Pair Corr
0.75	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.8	VCTR	Victory Capital Holdings	Pair Corr
0.7	GCMGW	GCM Grosvenor	Pair Corr
0.92	VIRT	Virtu Financial Earnings Call This Week	Pair Corr

Moving against Interactive Stock

0.8	LU	Lufax Holding	Pair Corr
0.7	XP	Xp Inc	Pair Corr
0.61	WU	Western Union	Pair Corr
0.5	WD	Walker Dunlop Normal Trading	Pair Corr
0.48	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.48	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.37	WAVS	Western Acquisition	Pair Corr
0.33	EMCGR	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	ALVO	AQST	MESA	WAB	VMD	PVARF	MFGCF	FICO
ALVO		-0.14	0.37	-0.62	-0.32	0.54	0.04	-0.78	ALVO
AQST	-0.14		-0.81	-0.16	0.8	-0.31	0.9	0.28	AQST
MESA	0.37	-0.81		-0.1	-0.73	0.28	-0.75	-0.49	MESA
WAB	-0.62	-0.16	-0.1		0.12	-0.17	-0.2	0.71	WAB
VMD	-0.32	0.8	-0.73	0.12		-0.43	0.72	0.35	VMD
PVARF	0.54	-0.31	0.28	-0.17	-0.43		-0.08	-0.45	PVARF
MFGCF	0.04	0.9	-0.75	-0.2	0.72	-0.08		0.06	MFGCF
FICO	-0.78	0.28	-0.49	0.71	0.35	-0.45	0.06		FICO
	ALVO	AQST	MESA	WAB	VMD	PVARF	MFGCF	FICO

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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

MFGCF	+ 0.9	AQST
VMD	+ 0.8	AQST
MFGCF	+ 0.72	VMD
FICO	+ 0.71	WAB
PVARF	+ 0.54	ALVO
MESA	+ 0.37	ALVO

High negative correlations

MESA	- 0.81	AQST
FICO	- 0.78	ALVO
MFGCF	- 0.75	MESA
VMD	- 0.73	MESA
WAB	- 0.62	ALVO
FICO	- 0.49	MESA

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
ALVO	1.16	0.10	0.05	(0.58)	1.37	(1.27)	3.15	(2.22)	7.81
AQST	3.12	(0.59)	0.00	1.16	0.00	0.00	6.23	(7.57)	17.61
MESA	3.28	0.33	0.05	(0.23)	4.45	(3.93)	9.80	(7.20)	23.87
WAB	0.94	0.09	0.07	0.20	1.02	(1.06)	1.85	(1.32)	7.99
VMD	1.47	(0.10)	0.00	(0.24)	0.00	0.00	3.38	(3.23)	10.21
PVARF	0.49	0.17	0.00	(0.84)	0.00	0.00	0.91	0.00	10.45
MFGCF	1.56	(0.16)	0.00	1.29	0.00	0.00	3.29	(4.88)	15.79
FICO	1.38	(0.13)	0.00	(0.17)	0.00	0.00	4.02	(3.21)	13.28

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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