IBEX Limited Common Shares (IBEX) — Stock Correlations & Overview
Over the past year, IBEX has moved most closely with DUNK, VERX, PCLG. Explore the stocks most correlated and inversely correlated with IBEX below, along with its price, financials, and company profile.
Stocks correlated with IBEX
Correlation of daily returns. Higher positive values move with IBEX; negative values move opposite it. Informational only, not investment advice.
Most correlated with IBEX
| Symbol | Company | Correlation |
|---|---|---|
| DUNK | Dana Unconstrained Equity ETF | 0.51 |
| VERX | Vertex, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.43 |
| PCLG | Polen Focus Growth ETF | 0.42 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.41 |
| ACIW | ACI Worldwide, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.40 |
Most inversely correlated with IBEX
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.36 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.31 |
| CRSH | YieldMax Short TSLA Option Income Strategy ETF | -0.28 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.28 |
| TSLZ | T-Rex 2X Inverse Tesla Daily Target ETF | -0.27 |
Frequently asked questions about IBEX correlations
- Which stocks are most correlated with IBEX?
- Based on one year of daily returns, the stocks most correlated with IBEX Limited Common Shares (IBEX) are DUNK (0.51), VERX (0.43) and PCLG (0.42). 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 IBEX?
- Over the past year, the stocks most inversely correlated with IBEX Limited Common Shares (IBEX) are HDGE (-0.36), DWSH (-0.31) and CRSH (-0.28). 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 IBEX correlations calculated?
- We compute the correlation of daily returns between IBEX 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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