Sturm Ruger Correlations

RGR Stock

USD 40.07 0.12 0.30%

The current 90-days correlation between Sturm Ruger and Kratos Defense Security is 0.02 (i.e., Significant diversification). The correlation of Sturm Ruger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Sturm Ruger Correlation With Market

Good diversification

The correlation between Sturm Ruger and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sturm Ruger and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sturm Ruger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Sturm Stock, please use our How to Invest in Sturm Ruger guide.

Moving together with Sturm Stock

0.8

HAS

Hasbro Inc

Pair Corr

Moving against Sturm Stock

0.83	CRI	Carters	Pair Corr
0.81	VMAR	Vision Marine Techno	Pair Corr
0.8	VUZI	Vuzix Corp Cmn	Pair Corr
0.8	DTC	Solo Brands	Pair Corr
0.79	FOSL	Fossil Group	Pair Corr
0.75	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.71	WLDS	Wearable Devices	Pair Corr
0.66	FEBO	Fenbo Holdings	Pair Corr
0.63	VNCE	Vince Holding Corp	Pair Corr
0.61	UA	Under Armour C	Pair Corr
0.6	BC	Brunswick	Pair Corr
0.57	EZGO	EZGO Technologies	Pair Corr
0.56	FORD	Forward Industries	Pair Corr
0.54	DOGZ	Dogness International	Pair Corr
0.54	BZH	Beazer Homes USA	Pair Corr
0.54	DHI	DR Horton	Pair Corr
0.48	BLD	Topbuild Corp	Pair Corr
0.4	AS	Amer Sports,	Pair Corr
0.4	CCS	Century Communities	Pair Corr
0.8	HBI	Hanesbrands	Pair Corr
0.8	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.79	KTB	Kontoor Brands	Pair Corr
0.74	SKX	Skechers USA	Pair Corr
0.73	PVH	PVH Corp	Pair Corr
0.73	REE	Ree Automotive Holding	Pair Corr
0.69	SGC	Superior Uniform	Pair Corr
0.68	HOV	Hovnanian Enterprises	Pair Corr
0.63	MPX	Marine Products	Pair Corr
0.62	NVR	NVR Inc	Pair Corr
0.53	PII	Polaris Industries Sell-off Trend	Pair Corr
0.5	MOV	Movado Group Earnings Call This Week	Pair Corr
0.49	KBH	KB Home	Pair Corr
0.48	PHM	PulteGroup	Pair Corr
0.46	LEN	Lennar	Pair Corr

Related Correlations Analysis

	POWW	KTOS	AJRD	VSEC	POWWP	SWBI	NPK	PKE	DCO	ISSC
POWW		0.42	0.0	0.06	0.67	0.42	0.5	-0.1	0.25	0.45	POWW
KTOS	0.42		0.0	0.02	0.18	-0.08	0.0	0.4	0.75	0.74	KTOS
AJRD	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AJRD
VSEC	0.06	0.02	0.0		0.51	0.15	-0.43	-0.3	-0.42	-0.39	VSEC
POWWP	0.67	0.18	0.0	0.51		0.45	0.11	-0.18	-0.1	0.1	POWWP
SWBI	0.42	-0.08	0.0	0.15	0.45		0.5	0.31	0.18	0.21	SWBI
NPK	0.5	0.0	0.0	-0.43	0.11	0.5		0.22	0.3	0.4	NPK
PKE	-0.1	0.4	0.0	-0.3	-0.18	0.31	0.22		0.77	0.68	PKE
DCO	0.25	0.75	0.0	-0.42	-0.1	0.18	0.3	0.77		0.88	DCO
ISSC	0.45	0.74	0.0	-0.39	0.1	0.21	0.4	0.68	0.88		ISSC
	POWW	KTOS	AJRD	VSEC	POWWP	SWBI	NPK	PKE	DCO	ISSC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ISSC	+ 0.88	DCO
DCO	+ 0.77	PKE
DCO	+ 0.75	KTOS
ISSC	+ 0.74	KTOS
ISSC	+ 0.68	PKE
POWWP	+ 0.67	POWW

High negative correlations

NPK	- 0.43	VSEC
DCO	- 0.42	VSEC
ISSC	- 0.39	VSEC
PKE	- 0.3	VSEC
PKE	- 0.18	POWWP
DCO	- 0.1	POWWP

Risk-Adjusted Indicators

There is a big difference between Sturm Stock performing well and Sturm Ruger Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sturm Ruger's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
POWW	2.90	0.46	0.13	0.35	2.95	(3.67)	8.16	(4.65)	19.50
KTOS	2.44	0.33	0.12	0.27	2.66	(3.02)	5.42	(4.90)	15.36
AJRD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSEC	2.03	0.06	0.04	0.03	3.06	(1.89)	3.16	(5.52)	21.51
POWWP	2.00	0.00	0.08	0.00	2.96	(2.10)	3.87	(4.83)	20.61
SWBI	1.34	(0.14)	0.00	(0.76)	0.00	0.00	2.24	(2.95)	14.61
NPK	1.16	0.06	0.06	(0.01)	1.52	(1.13)	1.78	(2.41)	9.22
PKE	1.31	(0.04)	0.00	(0.15)	0.00	0.00	2.20	(2.98)	7.97
DCO	1.29	(0.02)	0.00	(0.14)	0.00	0.00	2.20	(2.93)	12.89
ISSC	2.76	0.06	0.00	(0.05)	0.00	0.00	5.14	(5.85)	32.27

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