Intercontinental Correlations

ICE Stock

USD 162.89 2.56 1.60%

The current 90-days correlation between Intercontinental Exchange and Coinbase Global is 0.2 (i.e., Modest diversification). The correlation of Intercontinental 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.

Intercontinental Correlation With Market

Very weak diversification

The correlation between Intercontinental Exchange and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intercontinental Exchange and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intercontinental Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intercontinental Exchange. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Intercontinental Stock

0.62	3HM	MSCI Inc	Pair Corr
0.64	MCO	Moodys	Pair Corr
0.87	IC2	Intercontinental Exchange	Pair Corr
0.79	MSCI	MSCI Inc	Pair Corr
0.69	NDAQ	Nasdaq Inc Normal Trading	Pair Corr

Moving against Intercontinental Stock

0.65	ENX	Euronext NV	Pair Corr
0.63	ENXB	Euronext NV	Pair Corr
0.56	ENX	EURONEXT NV UNSPADR15	Pair Corr
0.52	LS4D	LONDON STEXUNSPADRS12	Pair Corr
0.44	TW	Tradeweb Markets	Pair Corr
0.44	LFIN	LongFin Corp	Pair Corr
0.39	OSKU	JAPAN EX UNADR	Pair Corr
0.32	WTMAR	Welsbach Technology	Pair Corr
0.5	DB1	Deutsche Brse AG	Pair Corr
0.5	DB1	Deutsche Brse AG	Pair Corr
0.43	HEE	Hellenic Exchanges	Pair Corr
0.37	63DA	DEUTSCHE BOERSE ADR	Pair Corr

Related Correlations Analysis

	COIN	CME	MCO	BNS	MFG	MMC	BK	NU	BAM	NDAQ
COIN		-0.9	0.64	-0.76	-0.88	0.01	-0.47	-0.15	0.58	0.6	COIN
CME	-0.9		-0.7	0.67	0.81	0.08	0.38	0.07	-0.65	-0.69	CME
MCO	0.64	-0.7		-0.27	-0.49	-0.29	0.0	0.18	0.35	0.96	MCO
BNS	-0.76	0.67	-0.27		0.87	-0.53	0.83	0.35	-0.22	-0.16	BNS
MFG	-0.88	0.81	-0.49	0.87		-0.2	0.75	0.32	-0.4	-0.43	MFG
MMC	0.01	0.08	-0.29	-0.53	-0.2		-0.56	-0.19	-0.37	-0.4	MMC
BK	-0.47	0.38	0.0	0.83	0.75	-0.56		0.36	-0.03	0.12	BK
NU	-0.15	0.07	0.18	0.35	0.32	-0.19	0.36		0.08	0.21	NU
BAM	0.58	-0.65	0.35	-0.22	-0.4	-0.37	-0.03	0.08		0.43	BAM
NDAQ	0.6	-0.69	0.96	-0.16	-0.43	-0.4	0.12	0.21	0.43		NDAQ
	COIN	CME	MCO	BNS	MFG	MMC	BK	NU	BAM	NDAQ

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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	+ 0.87	BNS
BK	+ 0.83	BNS
MFG	+ 0.81	CME
BK	+ 0.75	MFG
BNS	+ 0.67	CME

High negative correlations

CME	- 0.9	COIN
MFG	- 0.88	COIN
BNS	- 0.76	COIN
MCO	- 0.7	CME
NDAQ	- 0.69	CME
BAM	- 0.65	CME

Risk-Adjusted Indicators

There is a big difference between Intercontinental Stock performing well and Intercontinental 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 Intercontinental'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
COIN	3.31	(0.37)	0.00	1.17	0.00	0.00	7.77	(6.48)	22.95
CME	0.95	0.22	0.08	(13.69)	1.06	(1.02)	2.28	(1.57)	6.19
MCO	1.33	(0.07)	(0.03)	0.03	2.32	(1.33)	3.47	(2.39)	14.49
BNS	0.78	0.19	0.08	1.21	0.95	(0.83)	1.69	(1.81)	6.23
MFG	1.36	0.40	0.20	0.51	1.45	(1.49)	2.99	(2.77)	12.43
MMC	0.94	(0.13)	0.00	0.41	0.00	0.00	1.97	(1.64)	9.33
BK	1.17	0.16	0.04	0.96	1.49	(1.25)	2.65	(2.22)	9.00
NU	1.75	(0.17)	(0.03)	0.00	3.33	(1.49)	3.85	(5.38)	13.05
BAM	1.56	(0.21)	0.00	(0.01)	0.00	0.00	2.43	(4.32)	10.10
NDAQ	1.33	(0.08)	(0.03)	0.04	2.30	(1.30)	2.28	(3.37)	11.68

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