Sturm Ruger Correlations

RGR Stock

USD 37.97 0.44 1.17%

The current 90-days correlation between Sturm Ruger and MCBC Holdings is -0.05 (i.e., Good 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

Average diversification

The correlation between Sturm Ruger and DJI is 0.19 (i.e., Average 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

0.69	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.68	WLDS	Wearable Devices Buyout Trend	Pair Corr
0.62	FEBO	Fenbo Holdings	Pair Corr
0.8	CCS	Century Communities	Pair Corr
0.68	CRI	Carters	Pair Corr
0.73	DFH	Dream Finders Homes	Pair Corr
0.79	DHI	DR Horton	Pair Corr
0.78	DTC	Solo Brands	Pair Corr
0.72	HAS	Hasbro Inc	Pair Corr
0.74	HOV	Hovnanian Enterprises	Pair Corr
0.68	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr

Moving against Sturm Stock

0.65	AS	Amer Sports,	Pair Corr
0.61	HBI	Hanesbrands	Pair Corr
0.56	DOGZ	Dogness International	Pair Corr
0.5	GIL	Gildan Activewear	Pair Corr
0.47	VSTO	Vista Outdoor	Pair Corr
0.46	RL	Ralph Lauren Corp	Pair Corr
0.38	ESCA	Escalade Incorporated	Pair Corr
0.33	VOXX	VOXX International	Pair Corr
0.32	FOSL	Fossil Group	Pair Corr
0.79	JRSH	Jerash Holdings	Pair Corr
0.76	BH	Biglari Holdings	Pair Corr
0.64	GM	General Motors Aggressive Push	Pair Corr
0.6	JZ	Jianzhi Education	Pair Corr
0.59	LULU	Lululemon Athletica	Pair Corr
0.38	GT	Goodyear Tire Rubber	Pair Corr
0.31	BQ	Boqii Holding Limited	Pair Corr

Related Correlations Analysis

	MCFT	WGO	LCII	THO	EZGO	PII
MCFT		0.71	0.1	0.43	-0.51	-0.43	MCFT
WGO	0.71		0.47	0.69	-0.32	-0.04	WGO
LCII	0.1	0.47		0.57	0.03	0.52	LCII
THO	0.43	0.69	0.57		-0.5	-0.18	THO
EZGO	-0.51	-0.32	0.03	-0.5		0.7	EZGO
PII	-0.43	-0.04	0.52	-0.18	0.7		PII
	MCFT	WGO	LCII	THO	EZGO	PII

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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

WGO	+ 0.71	MCFT
PII	+ 0.7	EZGO
THO	+ 0.69	WGO
THO	+ 0.57	LCII
PII	+ 0.52	LCII
LCII	+ 0.47	WGO

High negative correlations

EZGO	- 0.51	MCFT
EZGO	- 0.5	THO
PII	- 0.43	MCFT
EZGO	- 0.32	WGO
PII	- 0.18	THO
PII	- 0.04	WGO

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
MCFT	1.90	(0.18)	0.04	0.06	2.06	(2.22)	4.13	(3.53)	28.49
WGO	1.80	(0.19)	(0.02)	0.03	2.52	(1.93)	3.89	(3.71)	15.47
LCII	1.67	(0.12)	0.00	0.06	2.09	(1.70)	3.85	(3.74)	9.65
THO	1.66	(0.04)	0.01	0.09	1.89	(1.86)	4.29	(2.77)	10.61
EZGO	4.23	(0.25)	0.00	(0.35)	0.00	0.00	11.11	(7.27)	31.19
PII	1.52	(0.43)	0.00	(0.21)	0.00	0.00	2.85	(3.06)	14.62

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