Which stocks are most correlated with CBOE?

Based on one year of daily returns, the stocks most correlated with Cboe Global Markets, Inc. (CBOE) are CME (0.60), MIAX (0.37) and TW (0.35). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CBOE?

Over the past year, the stocks most inversely correlated with Cboe Global Markets, Inc. (CBOE) are CAT (-0.27), PLPC (-0.27) and ATMU (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

Cboe Global Markets, Inc. (CBOE) — Stock Correlations & Overview

Over the past year, CBOE has moved most closely with CME, MIAX, TW. Explore the stocks most correlated and inversely correlated with CBOE below, along with its price, financials, and company profile.

Stocks correlated with CBOE

Correlation of daily returns. Higher positive values move with CBOE; negative values move opposite it. Informational only, not investment advice.

Most correlated with CBOE

Symbol	Company	Correlation
CME	CME Group Inc.SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES	0.60
MIAX	Miami International Holdings, Inc.SECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.37
TW	Tradeweb Markets Inc. Class A Common StockSECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES	0.35
BCDF	Horizon Kinetics Blockchain Development ETF	0.29
ICE	Intercontinental Exchange Inc.SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES	0.27

Most inversely correlated with CBOE

Symbol	Company	Correlation
CAT	Caterpillar Inc.CONSTRUCTION MACHINERY & EQUIP	-0.27
PLPC	Preformed Line Products CoWATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION	-0.27
ATMU	Atmus Filtration Technologies Inc.MOTOR VEHICLE PARTS & ACCESSORIES	-0.25
SXI	Standex International CorporationREFRIGERATION & SERVICE INDUSTRY MACHINERY	-0.25
COHU	Cohu IncINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS	-0.24

Frequently asked questions about CBOE correlations

Which stocks are most correlated with CBOE?: Based on one year of daily returns, the stocks most correlated with Cboe Global Markets, Inc. (CBOE) are CME (0.60), MIAX (0.37) and TW (0.35). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CBOE?: Over the past year, the stocks most inversely correlated with Cboe Global Markets, Inc. (CBOE) are CAT (-0.27), PLPC (-0.27) and ATMU (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CBOE correlations calculated?: We compute the correlation of daily returns between CBOE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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