Innovation Beverage Group Limited Ordinary Shares (IBG) — Stock Correlations & Overview
Over the past year, IBG has moved most closely with SLE, SYNX, ULTA. Explore the stocks most correlated and inversely correlated with IBG below, along with its price, financials, and company profile.
Stocks correlated with IBG
Correlation of daily returns. Higher positive values move with IBG; negative values move opposite it. Informational only, not investment advice.
Most correlated with IBG
| Symbol | Company | Correlation |
|---|---|---|
| SLE | Super League Enterprise, Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.28 |
| SYNX | Silynxcom Ltd. | 0.27 |
| ULTA | Ulta Beauty, Inc. Common StockRETAIL-RETAIL STORES, NEC | 0.24 |
| BNR | Burning Rock Biotech Limited American Depositary Shares | 0.24 |
| TIPT | Tiptree Inc. Common StockFIRE, MARINE & CASUALTY INSURANCE | 0.24 |
Most inversely correlated with IBG
| Symbol | Company | Correlation |
|---|---|---|
| FCHL | Fitness Champs Holdings Limited Common Stock | -0.27 |
| CVGI | Commercial Vehicle Group, Inc.MOTOR VEHICLE PARTS & ACCESSORIES | -0.23 |
| CNF | CNFinance Holdings Limited American Depositary Shares, each representing two hundred (200) Ordinary Shares | -0.22 |
| GSIW | Garden Stage Limited Class A Ordinary Shares | -0.20 |
| BIAF | bioAffinity Technologies, Inc. Common StockSERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | -0.20 |
Frequently asked questions about IBG correlations
- Which stocks are most correlated with IBG?
- Based on one year of daily returns, the stocks most correlated with Innovation Beverage Group Limited Ordinary Shares (IBG) are SLE (0.28), SYNX (0.27) and ULTA (0.24). 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 IBG?
- Over the past year, the stocks most inversely correlated with Innovation Beverage Group Limited Ordinary Shares (IBG) are FCHL (-0.27), CVGI (-0.23) and CNF (-0.22). 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 IBG correlations calculated?
- We compute the correlation of daily returns between IBG 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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