Sturm Ruger Correlations

RGR Stock

USD 36.69 0.36 0.97%

The current 90-days correlation between Sturm Ruger and Ehang Holdings is 0.07 (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

Weak diversification

The correlation between Sturm Ruger and DJI is 0.31 (i.e., Weak 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.

Build AI portfolio with Sturm Stock

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 against Sturm Stock

0.57	POWW	Ammo Inc	Pair Corr
0.53	GAW	Games Workshop Group	Pair Corr
0.49	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.46	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.33	TLK	Telkom Indonesia Tbk	Pair Corr
0.8	L	Loews Corp Earnings Call This Week	Pair Corr
0.36	LOGN	Logansport Financial Corp	Pair Corr
0.7	NUFMF	Nufarm Limited	Pair Corr
0.55	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.46	PANL	Pangaea Logistic	Pair Corr
0.41	TTOO	T2 Biosystems	Pair Corr

Related Correlations Analysis

	EH	SKYH	NPK	TATT	SNCY	VSTS	GHM	TRNS	LGMK	LTBR
EH		0.63	-0.14	-0.22	-0.62	-0.77	-0.28	0.56	0.7	0.91	EH
SKYH	0.63		0.14	0.03	-0.11	-0.3	0.09	0.45	0.48	0.73	SKYH
NPK	-0.14	0.14		0.88	0.75	0.26	0.9	0.53	-0.37	0.07	NPK
TATT	-0.22	0.03	0.88		0.78	0.27	0.87	0.43	-0.42	-0.04	TATT
SNCY	-0.62	-0.11	0.75	0.78		0.69	0.83	0.04	-0.69	-0.41	SNCY
VSTS	-0.77	-0.3	0.26	0.27	0.69		0.4	-0.27	-0.63	-0.67	VSTS
GHM	-0.28	0.09	0.9	0.87	0.83	0.4		0.37	-0.53	-0.09	GHM
TRNS	0.56	0.45	0.53	0.43	0.04	-0.27	0.37		0.32	0.66	TRNS
LGMK	0.7	0.48	-0.37	-0.42	-0.69	-0.63	-0.53	0.32		0.6	LGMK
LTBR	0.91	0.73	0.07	-0.04	-0.41	-0.67	-0.09	0.66	0.6		LTBR
	EH	SKYH	NPK	TATT	SNCY	VSTS	GHM	TRNS	LGMK	LTBR

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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

LTBR	+ 0.91	EH
GHM	+ 0.9	NPK
TATT	+ 0.88	NPK
GHM	+ 0.87	TATT
GHM	+ 0.83	SNCY
SNCY	+ 0.78	TATT

High negative correlations

VSTS	- 0.77	EH
LGMK	- 0.69	SNCY
LTBR	- 0.67	VSTS
LGMK	- 0.63	VSTS
SNCY	- 0.62	EH
LGMK	- 0.53	GHM

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
EH	2.20	(0.51)	0.00	(0.36)	0.00	0.00	5.79	(5.09)	17.58
SKYH	1.66	(0.19)	0.00	(0.08)	0.00	0.00	3.60	(3.32)	12.01
NPK	1.41	0.23	0.10	0.39	1.87	(1.54)	2.80	(2.41)	10.34
TATT	2.13	0.24	0.08	0.25	2.75	(2.23)	5.38	(3.62)	13.21
SNCY	2.26	0.62	0.27	0.41	1.87	(2.68)	6.22	(4.25)	13.97
VSTS	2.66	0.31	0.09	0.29	3.50	(2.80)	6.21	(6.37)	18.68
GHM	2.23	0.21	0.07	0.14	3.18	(2.09)	5.13	(4.93)	14.76
TRNS	2.24	(0.39)	0.00	(0.18)	0.00	0.00	5.41	(3.69)	12.75
LGMK	8.32	(1.13)	0.00	(0.54)	0.00	0.00	17.14	(19.10)	57.77
LTBR	4.66	(0.60)	0.00	(0.12)	0.00	0.00	9.61	(10.14)	30.82

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