ICICI Bank Limited (IBN) — Stock Correlations & Overview
Over the past year, IBN has moved most closely with INDA, INDL, NDIA. Explore the stocks most correlated and inversely correlated with IBN below, along with its price, financials, and company profile.
Stocks correlated with IBN
Correlation of daily returns. Higher positive values move with IBN; negative values move opposite it. Informational only, not investment advice.
Most correlated with IBN
| Symbol | Company | Correlation |
|---|---|---|
| INDA | iShares MSCI India ETF | 0.66 |
| INDL | Direxion Daily MSCI India Bull 2X ETF | 0.66 |
| NDIA | Global X India Active ETF | 0.65 |
| FLIN | Franklin FTSE India ETF | 0.64 |
| NFTY | First Trust India Nifty 50 Equal Weight ETF | 0.64 |
Most inversely correlated with IBN
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.46 |
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.45 |
| GSG | iShares S&P GSCI Commodity-Indexed TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.44 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.43 |
Frequently asked questions about IBN correlations
- Which stocks are most correlated with IBN?
- Based on one year of daily returns, the stocks most correlated with ICICI Bank Limited (IBN) are INDA (0.66), INDL (0.66) and NDIA (0.65). 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 IBN?
- Over the past year, the stocks most inversely correlated with ICICI Bank Limited (IBN) are EPV (-0.46), DBE (-0.45) and GSG (-0.44). 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 IBN correlations calculated?
- We compute the correlation of daily returns between IBN 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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