CME Correlations

CME Stock

USD 273.99 0.00 0.00%

The current 90-days correlation between CME Group and Nasdaq Inc is 0.16 (i.e., Average 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

Significant diversification

The correlation between CME Group and DJI is 0.07 (i.e., Significant 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

0.69	ICE	Intercontinental Exchange	Pair Corr
0.64	MCO	Moodys	Pair Corr
0.64	MKTW	Marketwise	Pair Corr
0.64	MORN	Morningstar	Pair Corr
0.65	NDAQ	Nasdaq Inc	Pair Corr
0.66	SPGI	SP Global	Pair Corr
0.84	CBOE	Cboe Global Markets	Pair Corr
0.63	COIN	Coinbase Global Aggressive Push	Pair Corr
0.68	V	Visa Class A	Pair Corr
0.8	AB	AllianceBernstein	Pair Corr
0.67	AX	Axos Financial	Pair Corr
0.65	BK	Bank of New York	Pair Corr
0.68	BN	Brookfield Corp	Pair Corr
0.75	CM	Canadian Imperial Bank	Pair Corr
0.78	DB	Deutsche Bank AG	Pair Corr
0.61	GS	Goldman Sachs Group	Pair Corr
0.67	KB	KB Financial Group	Pair Corr

Moving against CME Stock

0.6	RM	Regional Management Corp	Pair Corr
0.58	WD	Walker Dunlop	Pair Corr
0.43	FG	FG Annuities Life	Pair Corr
0.41	WU	Western Union	Pair Corr
0.39	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	NDAQ	SPGI	MCO	MSCI	ICE	MORN
NDAQ		0.83	0.89	0.59	0.88	0.86	NDAQ
SPGI	0.83		0.98	0.85	0.92	0.97	SPGI
MCO	0.89	0.98		0.85	0.92	0.98	MCO
MSCI	0.59	0.85	0.85		0.73	0.87	MSCI
ICE	0.88	0.92	0.92	0.73		0.92	ICE
MORN	0.86	0.97	0.98	0.87	0.92		MORN
	NDAQ	SPGI	MCO	MSCI	ICE	MORN

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NDAQ	1.21	0.19	0.08	0.19	2.00	(1.14)	2.69	(2.11)	10.79
SPGI	1.19	0.03	0.01	0.05	2.06	(1.12)	2.35	(3.00)	10.78
MCO	1.40	0.05	0.03	0.06	2.17	(1.63)	2.85	(2.92)	14.11
MSCI	1.20	(0.08)	0.00	(0.05)	0.00	0.00	1.79	(2.52)	12.28
ICE	0.95	0.04	0.02	0.09	1.60	(0.91)	1.74	(1.96)	7.55
MORN	1.39	0.03	0.02	0.05	2.20	(1.35)	2.65	(3.64)	13.11

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