Stonex Correlations

SNEX Stock

USD 118.00 1.83 1.53%

The current 90-days correlation between Stonex Group and PJT Partners is 0.45 (i.e., Very weak diversification). The correlation of Stonex 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.

Stonex Correlation With Market

Very weak diversification

The correlation between Stonex Group and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stonex Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stonex Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Stonex Stock

0.91	V	Visa Class A Sell-off Trend	Pair Corr
0.8	MA	Mastercard	Pair Corr
0.65	PT	Pintec Technology	Pair Corr
0.68	ARR	ARMOUR Residential REIT	Pair Corr
0.9	IVR	Invesco Mortgage Capital	Pair Corr
0.89	NLY	Annaly Capital Management	Pair Corr
0.9	ORC	Orchid Island Capital	Pair Corr
0.88	TWO	Two Harbors Investments	Pair Corr
0.84	YRD	Yirendai	Pair Corr
0.67	MAIN	Main Street Capital	Pair Corr
0.65	SNFCA	Security National Earnings Call This Week	Pair Corr

Moving against Stonex Stock

0.68	WD	Walker Dunlop	Pair Corr
0.6	DHIL	Diamond Hill Investment	Pair Corr
0.54	ABR	Arbor Realty Trust	Pair Corr
0.4	EVR	Evercore Partners	Pair Corr
0.33	RC	Ready Capital Corp	Pair Corr
0.67	ORGN	Origin Materials	Pair Corr
0.66	LMFA	LM Funding America	Pair Corr
0.61	VEL	Velocity Financial Llc	Pair Corr
0.67	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.31	AIHS	Senmiao Technology	Pair Corr

Related Correlations Analysis

	PJT	HLI	SF	EVR	OPY	NMR	SRL	PIPR	MC	PWP
PJT		0.85	0.79	0.72	0.58	0.36	0.06	0.83	0.87	0.78	PJT
HLI	0.85		0.94	0.88	0.77	0.11	-0.07	0.93	0.95	0.94	HLI
SF	0.79	0.94		0.89	0.86	0.05	0.02	0.91	0.94	0.95	SF
EVR	0.72	0.88	0.89		0.62	-0.28	-0.26	0.96	0.94	0.93	EVR
OPY	0.58	0.77	0.86	0.62		0.18	0.19	0.62	0.73	0.8	OPY
NMR	0.36	0.11	0.05	-0.28	0.18		0.4	-0.07	-0.02	-0.06	NMR
SRL	0.06	-0.07	0.02	-0.26	0.19	0.4		-0.22	-0.06	-0.14	SRL
PIPR	0.83	0.93	0.91	0.96	0.62	-0.07	-0.22		0.94	0.94	PIPR
MC	0.87	0.95	0.94	0.94	0.73	-0.02	-0.06	0.94		0.95	MC
PWP	0.78	0.94	0.95	0.93	0.8	-0.06	-0.14	0.94	0.95		PWP
	PJT	HLI	SF	EVR	OPY	NMR	SRL	PIPR	MC	PWP

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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

PIPR	+ 0.96	EVR
MC	+ 0.95	HLI
PWP	+ 0.95	SF
PWP	+ 0.95	MC
SF	+ 0.94	HLI
PWP	+ 0.94	HLI

High negative correlations

NMR	- 0.28	EVR
SRL	- 0.26	EVR
PIPR	- 0.22	SRL
PWP	- 0.14	SRL
PIPR	- 0.07	NMR
SRL	- 0.07	HLI

Risk-Adjusted Indicators

There is a big difference between Stonex Stock performing well and Stonex 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 Stonex'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
PJT	1.57	(0.10)	0.00	(0.16)	0.00	0.00	3.24	(2.79)	11.57
HLI	1.36	(0.06)	0.00	(0.13)	0.00	0.00	1.98	(3.01)	8.89
SF	1.53	(0.08)	0.00	(0.13)	0.00	0.00	2.48	(4.04)	7.51
EVR	1.85	(0.43)	0.00	(0.34)	0.00	0.00	2.33	(5.48)	11.75
OPY	1.51	0.03	0.00	(0.05)	0.00	0.00	2.97	(2.92)	10.06
NMR	1.32	0.21	0.10	0.09	1.70	(1.40)	3.07	(3.04)	12.71
SRL	2.45	0.36	0.15	2.63	2.52	(2.95)	4.40	(4.12)	41.32
PIPR	1.59	(0.22)	0.00	(0.25)	0.00	0.00	2.82	(3.91)	9.43
MC	1.68	(0.19)	0.00	(0.21)	0.00	0.00	2.78	(4.40)	8.78
PWP	2.22	(0.22)	0.00	(0.22)	0.00	0.00	4.67	(5.26)	14.41

Stonex Corporate Management

Aaron Schroeder	Chief Officer	Profile
Abigail Perkins	Chief Officer	Profile
Glenn Stevens	Head Exchange	Profile
Diego JD	Chief Officer	Profile
Xuong Nguyen	Chief Officer	Profile

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