Ibotta Correlations

IBTA Etf

USD 22.73 0.40 1.79%

The current 90-days correlation between Ibotta and VTEX is 0.33 (i.e., Weak 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 weak diversification

The correlation between Ibotta and DJI is 0.42 (i.e., Very weak 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 persons.

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

Moving together with Ibotta Etf

0.67	VSME	VS Media Holdings	Pair Corr
0.85	XHLD	TEN Holdings Common	Pair Corr
0.61	MIRI	Mirriad Advertising PLC	Pair Corr
0.75	003010	Guangzhou Ruoyuchen	Pair Corr
0.8	LDWY	Lendway	Pair Corr
0.77	LZMH	LZ Technology Holdings Buyout Trend	Pair Corr
0.66	MCHX	Marchex	Pair Corr
0.79	MNTN	MNTN Inc	Pair Corr
0.87	NEXN	Nexxen International	Pair Corr

Moving against Ibotta Etf

0.63	IS3	I Synergy Group	Pair Corr
0.59	605168	Threes Company	Pair Corr
0.56	INTJ	Intelligent Group	Pair Corr
0.53	CCO	Clear Channel Outdoor	Pair Corr
0.47	603598	Inly Media	Pair Corr
0.45	000917	Hunan TV Broadcast	Pair Corr
0.79	300058	BlueFocus Communication	Pair Corr
0.64	300071	Spearhead Integrated	Pair Corr
0.5	SRAX	SRAX Inc	Pair Corr
0.49	PERI	Perion Network	Pair Corr
0.41	PUBM	Pubmatic	Pair Corr
0.39	002400	Guangdong Advertising	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.67	0.47	-0.55	0.42	-0.44	0.23	-0.21	-0.45	-0.59	META
MSFT	0.67		0.85	-0.54	0.41	-0.13	-0.01	-0.38	-0.8	-0.63	MSFT
UBER	0.47	0.85		-0.58	0.54	-0.02	-0.25	-0.43	-0.86	-0.66	UBER
F	-0.55	-0.54	-0.58		-0.65	0.33	0.33	0.52	0.64	0.78	F
T	0.42	0.41	0.54	-0.65		-0.14	-0.59	-0.4	-0.42	-0.56	T
A	-0.44	-0.13	-0.02	0.33	-0.14		-0.36	-0.32	0.14	0.12	A
CRM	0.23	-0.01	-0.25	0.33	-0.59	-0.36		0.49	0.2	0.3	CRM
JPM	-0.21	-0.38	-0.43	0.52	-0.4	-0.32	0.49		0.52	0.52	JPM
MRK	-0.45	-0.8	-0.86	0.64	-0.42	0.14	0.2	0.52		0.74	MRK
XOM	-0.59	-0.63	-0.66	0.78	-0.56	0.12	0.3	0.52	0.74		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	+ 0.85	MSFT
XOM	+ 0.78	F
XOM	+ 0.74	MRK
MSFT	+ 0.67	META
MRK	+ 0.64	F
T	+ 0.54	UBER

High negative correlations

MRK	- 0.86	UBER
MRK	- 0.8	MSFT
XOM	- 0.66	UBER
T	- 0.65	F
XOM	- 0.63	MSFT
CRM	- 0.59	T

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	1.39	(0.21)	0.00	(0.18)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.89	(0.12)	0.00	(0.16)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.34)	0.00	(0.28)	0.00	0.00	2.60	(3.82)	10.51
F	1.47	0.09	0.06	0.11	1.67	(1.63)	3.38	(2.63)	16.30
T	0.95	(0.18)	0.00	(0.68)	0.00	0.00	1.61	(2.18)	5.75
A	1.21	0.10	0.07	0.14	1.22	(1.36)	2.34	(2.21)	11.03
CRM	1.50	0.08	0.04	0.13	1.88	(1.51)	3.66	(2.92)	9.91
JPM	1.06	(0.02)	(0.01)	0.03	1.44	(1.11)	2.00	(1.91)	7.02
MRK	1.42	0.43	0.32	0.55	0.97	(1.87)	4.85	(1.98)	11.45
XOM	0.90	0.08	0.04	0.39	0.87	(0.99)	1.96	(1.41)	4.99

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