IBG Innovation Beverage Group Limited Ordinary Shares

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

AI C3.ai, Inc.

horizon 10dρ +0.42holdout +0.42stable 62%moderate

CEPO Cantor Equity Partners I, Inc. Class A Ordinary Shares

horizon 10dρ +0.42holdout +0.27stable 12%moderate

NVX NOVONIX Limited American Depository Shares

horizon 10dρ +0.39holdout +0.36stable 38%moderate

DUOL Duolingo, Inc. Class A Common Stock

horizon 10dρ +0.38holdout +0.19stable 38%moderate

KINS Kingstone Companies, Inc. Common Stock

horizon 10dρ +0.37holdout +0.35stable 12%moderate

GO Grocery Outlet Holding Corp. Common Stock

horizon 10dρ +0.36holdout +0.44stable 12%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

ESTA Establishment Labs Holdings Inc. Common Shares

Δ +0.48recent +0.54prior +0.06beyond mkt -0.00

JRSH Jerash Holdings (US), Inc. Common Stock

Δ -0.47recent -0.32prior +0.15beyond mkt +0.01

QUCY Quantum Cyber N.V. Ordinary Shares

Δ +0.45recent +0.51prior +0.06beyond mkt +0.05

PYXS Pyxis Oncology, Inc. Common Stock

Δ +0.42recent +0.45prior +0.04beyond mkt -0.04

SIGA SIGA Technologies Inc. Common Stock

Δ +0.41recent +0.50prior +0.09beyond mkt +0.04

PRCT PROCEPT BioRobotics Corporation Common Stock

Δ +0.41recent +0.43prior +0.02beyond mkt -0.04

Abnormal volume rises and falls on the same days as IBG's, while prices do not move together: the same hands, not the same business.

Symbol	traded together ρ	big prints together ρ	priced together ρ	q
OWL Blue Owl Capital Inc.	+0.35	+0.24	-0.07	2e-12
IGV iShares Expanded Tech-Software Sector ETF	+0.31	+0.32	-0.06	2e-9
FSK FS KKR Capital Corp. Common Stock	+0.32	+0.25	-0.03	5e-10
PAR PAR Technology Corp.	+0.31	+0.26	-0.02	2e-9
WIT Wipro Limited	+0.33	+0.20	+0.02	7e-11
TWFG TWFG, Inc. Class A Common Stock	+0.32	+0.24	+0.06	9e-10