Intercontinental Correlations

ICE Stock

USD 163.07 10.11 5.84%

The current 90-days correlation between Intercontinental Exchange and Coinbase Global is 0.27 (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 poor diversification

The correlation between Intercontinental Exchange and DJI is 0.83 (i.e., Very poor 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 private.

Moving together with Intercontinental Stock

0.75	MLNMA	Nicolas Miguet et	Pair Corr
0.67	HUT	Hut 8 Corp	Pair Corr
0.8	DFIN	Donnelley Financial	Pair Corr
0.62	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.78	EC	Ecopetrol SA ADR	Pair Corr
0.9	ANDE	Andersons	Pair Corr
0.89	FIBK	First Interstate Ban	Pair Corr
0.86	GOOG	Alphabet Class C Earnings Call Today	Pair Corr
0.79	YLLXF	Yellow Cake plc Upward Rally	Pair Corr
0.85	ONTF	ON24 Inc	Pair Corr
0.91	NEWTH	NewtekOne 8625 percent	Pair Corr
0.63	CRH	CRH PLC ADR	Pair Corr
0.93	KCDMY	Kimberly Clark de	Pair Corr
0.92	NTRS	Northern Trust	Pair Corr
0.87	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.94	COMP	Compass	Pair Corr

Moving against Intercontinental Stock

0.88	AGMH	AGM Group Holdings	Pair Corr
0.61	PTAIF	PT Astra International	Pair Corr
0.59	ENX	Euronext NV	Pair Corr
0.45	BKKT	Bakkt Holdings	Pair Corr
0.41	TW	Tradeweb Markets	Pair Corr
0.4	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.34	ATHR	Aether Holdings	Pair Corr
0.78	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	COIN	CME	MCO	BNS	MFG	MMC	BK	NU	BAM	NDAQ
COIN		-0.59	-0.55	-0.82	-0.74	0.6	-0.67	-0.63	0.46	-0.69	COIN
CME	-0.59		0.15	0.42	0.5	-0.34	0.29	0.45	-0.56	0.2	CME
MCO	-0.55	0.15		0.74	0.74	-0.04	0.84	0.55	0.14	0.93	MCO
BNS	-0.82	0.42	0.74		0.88	-0.34	0.92	0.75	-0.02	0.88	BNS
MFG	-0.74	0.5	0.74	0.88		-0.12	0.89	0.77	-0.13	0.77	MFG
MMC	0.6	-0.34	-0.04	-0.34	-0.12		-0.21	-0.16	0.33	-0.22	MMC
BK	-0.67	0.29	0.84	0.92	0.89	-0.21		0.69	0.16	0.91	BK
NU	-0.63	0.45	0.55	0.75	0.77	-0.16	0.69		-0.06	0.6	NU
BAM	0.46	-0.56	0.14	-0.02	-0.13	0.33	0.16	-0.06		0.12	BAM
NDAQ	-0.69	0.2	0.93	0.88	0.77	-0.22	0.91	0.6	0.12		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	+ 0.93	MCO
BK	+ 0.92	BNS
NDAQ	+ 0.91	BK
BK	+ 0.89	MFG
MFG	+ 0.88	BNS
NDAQ	+ 0.88	BNS

High negative correlations

BNS	- 0.82	COIN
MFG	- 0.74	COIN
NDAQ	- 0.69	COIN
BK	- 0.67	COIN
NU	- 0.63	COIN
CME	- 0.59	COIN

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	2.67	(0.94)	0.00	(1.40)	0.00	0.00	4.72	(6.99)	14.26
CME	0.88	0.18	0.11	(5.72)	1.04	(0.88)	1.99	(2.07)	5.09
MCO	0.98	(0.04)	(0.02)	0.01	2.04	(0.92)	1.45	(2.30)	9.60
BNS	0.71	0.21	0.16	0.64	0.84	(0.78)	1.65	(1.40)	6.23
MFG	1.09	0.42	0.24	0.58	1.09	(1.21)	2.83	(2.03)	7.66
MMC	0.94	(0.19)	0.00	(1.00)	0.00	0.00	1.97	(1.64)	9.33
BK	0.90	0.13	0.10	0.20	0.99	(0.96)	2.07	(1.88)	5.56
NU	1.49	0.13	0.07	0.14	1.92	(1.49)	3.85	(2.82)	10.79
BAM	1.28	(0.11)	0.00	(0.81)	0.00	0.00	2.15	(3.66)	6.75
NDAQ	0.99	0.01	0.00	0.05	1.94	(0.99)	2.10	(1.59)	5.81

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