CME Correlations

Stocks . USA . 
Stock . CME Group
CME Stock  USD 282.98  0.42  0.15%   
The current 90-days correlation between CME Group and Nasdaq Inc is 0.26 (i.e., Modest diversification). The correlation of CME 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.

CME Correlation With Market

Average diversification

The correlation between CME Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CME Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with CME Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CME 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 population.

Moving together with CME Stock

  0.83CBOE Cboe Global Markets Low VolatilityPairCorr
  0.62AB AllianceBernstein Normal TradingPairCorr
  0.7CB ChubbPairCorr
  0.92DB Deutsche Bank AGPairCorr

Moving against CME Stock

  0.71BX Blackstone GroupPairCorr
  0.71CG Carlyle GroupPairCorr
  0.68COIN Coinbase GlobalPairCorr
  0.67QMCI Quotemedia Earnings Call This WeekPairCorr
  0.65DNB Dun Bradstreet HoldingsPairCorr
  0.65BY Byline BancorpPairCorr
  0.64FDS FactSet Research SystemsPairCorr
  0.62MORN MorningstarPairCorr
  0.6C Citigroup Aggressive PushPairCorr
  0.56MCO MoodysPairCorr
  0.55DHIL Diamond Hill InvestmentPairCorr
  0.54BN Brookfield Corp Earnings Call TodayPairCorr
  0.5MSCI MSCI IncPairCorr
  0.46NDAQ Nasdaq Inc Sell-off TrendPairCorr
  0.46AX Axos FinancialPairCorr
  0.43SPGI SP GlobalPairCorr
  0.42BK Bank of New YorkPairCorr
  0.37AC Associated Capital Earnings Call TodayPairCorr
  0.78MC MoelisPairCorr
  0.73FG FG Annuities LifePairCorr
  0.7PB Prosperity BancsharesPairCorr
  0.7RM Regional Management CorpPairCorr
  0.69SF Stifel FinancialPairCorr
  0.68LC LendingClub CorpPairCorr
  0.66WD Walker DunlopPairCorr
  0.64RF Regions Financial Earnings Call This WeekPairCorr
  0.62MS Morgan StanleyPairCorr
  0.62PX P10 IncPairCorr
  0.61GS Goldman Sachs GroupPairCorr
  0.37QD Qudian IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between CME Stock performing well and CME 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 CME'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.

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