Stepstone Correlations

STEP Stock

USD 53.87 1.33 2.41%

The correlation of Stepstone 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.

Stepstone Correlation With Market

Good diversification

The correlation between Stepstone Group and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stepstone 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 Stepstone 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 Stepstone Stock

0.88	MC	Moelis	Pair Corr
0.85	MS	Morgan Stanley	Pair Corr
0.9	AXP	American Express Sell-off Trend	Pair Corr
0.71	CIM	Chimera Investment	Pair Corr
0.77	COF	Capital One Financial	Pair Corr
0.62	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.8	ALLY	Ally Financial Normal Trading	Pair Corr
0.82	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.67	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.66	C	Citigroup Aggressive Push	Pair Corr
0.71	AX	Axos Financial	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.81	BX	Blackstone Group Normal Trading	Pair Corr
0.78	BY	Byline Bancorp	Pair Corr
0.86	CG	Carlyle Group Normal Trading	Pair Corr
0.77	CM	Canadian Imperial Bank	Pair Corr
0.62	FG	FG Annuities Life	Pair Corr
0.76	GS	Goldman Sachs Group	Pair Corr

Moving against Stepstone Stock

0.66	CB	Chubb	Pair Corr
0.42	FORLU	Four Leaf Acquisition	Pair Corr
0.35	TWO	Two Harbors Investments	Pair Corr
0.35	BBUC	Brookfield Business Corp	Pair Corr
0.33	MFA	MFA Financial	Pair Corr
0.32	VEL	Velocity Financial Llc	Pair Corr
0.64	TW	Tradeweb Markets Normal Trading	Pair Corr
0.63	VBFC	Village Bank	Pair Corr
0.57	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.57	LU	Lufax Holding	Pair Corr
0.56	DB	Deutsche Bank AG	Pair Corr
0.45	WU	Western Union	Pair Corr
0.4	TECTP	Tectonic Financial	Pair Corr
0.39	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	MVF	MQY	FOCS	FHI	FMN	MYD	DHIL	NXG	HYW	ETX
MVF		0.65	0.0	-0.4	0.88	0.87	-0.33	0.6	0.0	0.63	MVF
MQY	0.65		0.0	0.16	0.79	0.89	0.11	0.11	0.0	0.56	MQY
FOCS	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FOCS
FHI	-0.4	0.16	0.0		-0.21	-0.18	0.82	-0.66	0.0	-0.4	FHI
FMN	0.88	0.79	0.0	-0.21		0.92	-0.18	0.41	0.0	0.66	FMN
MYD	0.87	0.89	0.0	-0.18	0.92		-0.14	0.46	0.0	0.71	MYD
DHIL	-0.33	0.11	0.0	0.82	-0.18	-0.14		-0.44	0.0	-0.55	DHIL
NXG	0.6	0.11	0.0	-0.66	0.41	0.46	-0.44		0.0	0.49	NXG
HYW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HYW
ETX	0.63	0.56	0.0	-0.4	0.66	0.71	-0.55	0.49	0.0		ETX
	MVF	MQY	FOCS	FHI	FMN	MYD	DHIL	NXG	HYW	ETX

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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

MYD	+ 0.92	FMN
MYD	+ 0.89	MQY
FMN	+ 0.88	MVF
MYD	+ 0.87	MVF
DHIL	+ 0.82	FHI
FMN	+ 0.79	MQY

High negative correlations

NXG	- 0.66	FHI
ETX	- 0.55	DHIL
NXG	- 0.44	DHIL
ETX	- 0.4	FHI
FHI	- 0.4	MVF
DHIL	- 0.33	MVF

Risk-Adjusted Indicators

There is a big difference between Stepstone Stock performing well and Stepstone 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 Stepstone'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
MVF	0.51	(0.01)	0.00	(0.17)	0.00	0.00	1.12	(1.11)	3.98
MQY	0.52	(0.08)	0.00	(0.39)	0.00	0.00	1.04	(1.18)	2.85
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FHI	0.88	(0.04)	0.00	(0.13)	0.00	0.00	1.66	(2.41)	6.23
FMN	0.45	(0.04)	0.00	(0.31)	0.00	0.00	0.81	(0.99)	3.00
MYD	0.47	(0.05)	0.00	(0.39)	0.00	0.00	0.97	(1.06)	2.63
DHIL	0.88	(0.09)	0.00	(0.20)	0.00	0.00	1.52	(2.53)	5.26
NXG	1.56	0.14	0.07	0.84	2.73	(1.46)	3.26	(4.66)	13.35
HYW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETX	0.33	0.01	0.14	0.00	0.45	(0.30)	0.66	(0.67)	1.76

Stepstone Corporate Management

Bendukai JD	Chief Counsel	Profile
David Jeffrey	Head Bus	Profile
Johnny Randel	Chief Officer	Profile
John Coelho	Partner	Profile
Maribel Yoo	Vice Marketing	Profile

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