COMP <GO>
CBOE vs MS // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Cboe Global Markets Inc. (CBOE) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: CBOE 11
— MS 4
▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: MS
LAST: $335.53 (+6.77%) • MKT CAP: $35.14B
options-implied-move
7.10%
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
options-implied-move
7.00%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CBOE VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CBOE | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 51.50% | 41.00% | +10.50 | CBOE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 26.60% | 3.00% | +23.60 | CBOE | /roic <GO> |
| EV/EBITDA & P/E Valuation | 22.5x | 31.0x | -8.50 | CBOE | /valuation <GO> |
| Free Cash Flow Yield | 4.79% | -7.25% | +12.04 | CBOE | /fcf-yield <GO> |
| Operating Margin | 31.10% | 24.60% | +6.50 | CBOE | /operating-margins <GO> |
| Net Profit Margin | 23.30% | 20.20% | +3.10 | CBOE | /net-margins <GO> |
| Revenue Growth (YoY) | 15.40% | 5.50% | +9.90 | CBOE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.81% | 2.21% | -1.40 | MS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 6.89 | 0.46 | +6.43 | CBOE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 5/9 | +4.00 | CBOE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | 7.10% | 7.00% | +0.10 | MS | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 63.9 | 43.3 | +20.59 | CBOE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.07 | 1.04 | +0.03 | CBOE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.8x | 16.5x | +10.30 | MS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $35.14B | $298.41B | -$263.27B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CBOE REV | MS REV | CBOE GROSS % | MS GROSS % | CBOE FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $4.71B | $0 | 51.5% | — | $1.68B | -$17.89B |
| FY 2024 | $4.09B | $0 | 50.6% | — | $1.04B | $1.36B |
| FY 2023 | $0 | $0 | — | — | $1.08B | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CBOE // BETA 1.07
MS // BETA 1.04