Ibotta Correlations

IBTA Etf

USD 23.94 0.09 0.37%

The current 90-days correlation between Ibotta and VTEX is 0.29 (i.e., Modest 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

Very good diversification

The correlation between Ibotta and DJI is -0.45 (i.e., Very good 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.

Build AI portfolio with Ibotta Etf

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 real.

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

Moving together with Ibotta Etf

0.61	EDHL	Everbright Digital	Pair Corr
0.83	EPWK	EPWK Holdings	Pair Corr
0.9	CHR	Cheer Holding	Pair Corr
0.87	XHLD	TEN Holdings Common	Pair Corr
0.65	MIRI	Mirriad Advertising PLC	Pair Corr
0.77	ILLM	illumin Holdings	Pair Corr
0.73	003010	Guangzhou Ruoyuchen	Pair Corr
0.87	EBQ	Ebiquity Plc	Pair Corr
0.73	INF	Informa PLC	Pair Corr
0.86	LDWY	Lendway	Pair Corr
0.74	LZMH	LZ Technology Holdings	Pair Corr

Moving against Ibotta Etf

0.53	CCO	Clear Channel Outdoor	Pair Corr
0.45	000917	Hunan TV Broadcast	Pair Corr
0.37	603598	Inly Media	Pair Corr
0.65	IS3	I Synergy Group	Pair Corr
0.64	300612	Shunya International	Pair Corr
0.52	605168	Threes Company	Pair Corr
0.44	TAT	Tartana Minerals	Pair Corr
0.73	FOUR	4Imprint Group Plc	Pair Corr
0.61	300071	Spearhead Integrated	Pair Corr
0.44	301171	Easy Click Worldwide	Pair Corr
0.37	002400	Guangdong Advertising	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.58	0.29	-0.3	0.2	-0.12	0.52	-0.1	-0.31	-0.38	META
MSFT	0.58		0.78	-0.55	0.52	0.21	0.32	-0.3	-0.84	-0.75	MSFT
UBER	0.29	0.78		-0.46	0.42	0.42	-0.02	-0.43	-0.8	-0.51	UBER
F	-0.3	-0.55	-0.46		-0.66	-0.08	0.11	0.63	0.69	0.64	F
T	0.2	0.52	0.42	-0.66		0.5	-0.23	-0.47	-0.5	-0.64	T
A	-0.12	0.21	0.42	-0.08	0.5		-0.38	-0.25	-0.21	-0.3	A
CRM	0.52	0.32	-0.02	0.11	-0.23	-0.38		0.53	-0.06	-0.27	CRM
JPM	-0.1	-0.3	-0.43	0.63	-0.47	-0.25	0.53		0.53	0.28	JPM
MRK	-0.31	-0.84	-0.8	0.69	-0.5	-0.21	-0.06	0.53		0.76	MRK
XOM	-0.38	-0.75	-0.51	0.64	-0.64	-0.3	-0.27	0.28	0.76		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

UBER	+ 0.78	MSFT
XOM	+ 0.76	MRK
MRK	+ 0.69	F
XOM	+ 0.64	F
JPM	+ 0.63	F
MSFT	+ 0.58	META

High negative correlations

MRK	- 0.84	MSFT
MRK	- 0.8	UBER
XOM	- 0.75	MSFT
T	- 0.66	F
XOM	- 0.64	T
F	- 0.55	MSFT

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	1.42	(0.24)	0.00	(0.13)	0.00	0.00	3.16	(2.67)	13.46
MSFT	1.01	(0.23)	0.00	(0.50)	0.00	0.00	1.65	(2.50)	4.90
UBER	1.48	(0.23)	0.00	(0.20)	0.00	0.00	2.60	(3.82)	10.23
F	1.49	0.10	0.10	0.16	1.32	(1.82)	3.69	(2.35)	16.30
T	0.88	(0.19)	0.00	(0.46)	0.00	0.00	1.53	(1.85)	4.30
A	1.19	(0.15)	0.00	(0.02)	0.00	0.00	2.90	(2.24)	7.85
CRM	1.57	(0.20)	0.00	(0.06)	0.00	0.00	3.59	(3.10)	12.37
JPM	1.12	(0.09)	(0.03)	0.03	1.69	(1.11)	2.00	(3.11)	7.38
MRK	1.24	0.33	0.22	0.53	1.06	(1.54)	3.59	(1.98)	8.09
XOM	1.06	0.27	0.15	3.31	0.96	(1.21)	2.38	(1.51)	5.82

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