StoneCo Correlations

STNE Stock

USD 9.85 0.34 3.34%

The current 90-days correlation between StoneCo and Dlocal is 0.31 (i.e., Weak diversification). The correlation of StoneCo 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.

StoneCo Correlation With Market

Weak diversification

The correlation between StoneCo and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding StoneCo 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 StoneCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade StoneCo Stock refer to our How to Trade StoneCo Stock guide.

Moving together with StoneCo Stock

0.86	G	Genpact Limited	Pair Corr
0.69	BR	Broadridge Financial	Pair Corr
0.82	KC	Kingsoft Cloud Holdings Earnings Call Tomorrow	Pair Corr
0.78	LZ	LegalZoom	Pair Corr
0.76	MG	Mistras Group	Pair Corr
0.9	WM	Waste Management	Pair Corr
0.85	VRSK	Verisk Analytics	Pair Corr
0.63	EXLS	ExlService Holdings	Pair Corr

Moving against StoneCo Stock

0.73	DLHC	DLH Holdings Corp	Pair Corr
0.72	VCIG	VCI Global Limited	Pair Corr
0.58	BV	BrightView Holdings	Pair Corr
0.49	VLTO	Veralto Sell-off Trend	Pair Corr
0.44	NL	NL Industries	Pair Corr
0.35	EXPO	Exponent	Pair Corr
0.34	WLDN	Willdan Group	Pair Corr
0.73	CXW	CoreCivic	Pair Corr
0.64	DLX	Deluxe	Pair Corr
0.6	DNB	Dun Bradstreet Holdings	Pair Corr
0.58	FORR	Forrester Research	Pair Corr
0.54	BTM	Bitcoin Depot	Pair Corr
0.52	FCN	FTI Consulting	Pair Corr
0.44	CLH	Clean Harbors	Pair Corr
0.44	GEO	Geo Group	Pair Corr
0.43	AWX	Avalon Holdings Earnings Call Today	Pair Corr
0.41	AXR	AMREP	Pair Corr
0.4	FTEK	Fuel Tech	Pair Corr
0.37	CIX	CompX International	Pair Corr
0.33	HNI	HNI Corp	Pair Corr

Related Correlations Analysis

	DLO	NEWR	NTNX	EGIO	PAGS	MQ	CFLT	SPLK	PANW	CRWD
DLO		0.0	0.03	0.0	0.19	-0.49	0.59	0.0	0.5	0.7	DLO
NEWR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEWR
NTNX	0.03	0.0		0.0	0.73	0.46	0.41	0.0	0.34	0.56	NTNX
EGIO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EGIO
PAGS	0.19	0.0	0.73	0.0		0.24	0.37	0.0	0.39	0.59	PAGS
MQ	-0.49	0.0	0.46	0.0	0.24		-0.11	0.0	-0.02	-0.22	MQ
CFLT	0.59	0.0	0.41	0.0	0.37	-0.11		0.0	0.79	0.75	CFLT
SPLK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SPLK
PANW	0.5	0.0	0.34	0.0	0.39	-0.02	0.79	0.0		0.67	PANW
CRWD	0.7	0.0	0.56	0.0	0.59	-0.22	0.75	0.0	0.67		CRWD
	DLO	NEWR	NTNX	EGIO	PAGS	MQ	CFLT	SPLK	PANW	CRWD

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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

PANW	+ 0.79	CFLT
CRWD	+ 0.75	CFLT
PAGS	+ 0.73	NTNX
CRWD	+ 0.7	DLO
CRWD	+ 0.67	PANW
CFLT	+ 0.59	DLO

High negative correlations

MQ	- 0.49	DLO
CRWD	- 0.22	MQ
CFLT	- 0.11	MQ
PANW	- 0.02	MQ
CRWD	- 0.0	SPLK
PANW	- 0.0	SPLK

Risk-Adjusted Indicators

There is a big difference between StoneCo Stock performing well and StoneCo 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 StoneCo'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
DLO	2.55	(0.20)	0.00	(1.15)	0.00	0.00	3.73	(3.88)	39.00
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTNX	1.96	0.25	0.09	0.17	2.52	(2.12)	4.46	(3.94)	18.92
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAGS	2.32	0.36	0.12	0.26	2.82	(2.28)	6.36	(4.29)	12.65
MQ	2.04	0.25	0.10	0.22	2.45	(2.29)	3.78	(4.63)	25.76
CFLT	3.02	(0.06)	0.00	(0.14)	0.00	0.00	5.23	(6.21)	36.11
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PANW	1.61	0.02	0.00	(0.07)	0.00	0.00	3.41	(3.90)	9.22
CRWD	2.60	0.22	0.05	0.07	3.31	(2.70)	5.48	(6.34)	16.73

StoneCo Corporate Management

Thiago Piau	Chief Officer	Profile
Sandro Bassili	Chief Software	Profile
Maria Costa	Chief Officer	Profile
Lia Matos	Chief Strategy Officer	Profile
Joao Bernartt	Chief Officer	Profile
Roberta Noronha	Head Relations	Profile

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