Sturm Ruger Correlations

RGR Stock

USD 32.65 0.09 0.28%

The current 90-days correlation between Sturm Ruger and Ehang Holdings is 0.1 (i.e., Average 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 0.32 (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 together with Sturm Stock

0.89	603579	Shanghai Rongtai Health	Pair Corr
0.79	002605	Shanghai Yaoji Playing	Pair Corr
0.84	PLUG	Plug Power	Pair Corr
0.81	GRAB	Grab Holdings	Pair Corr
0.83	NIO	Nio Class A Aggressive Push	Pair Corr
0.9	RXRX	Recursion Pharmaceuticals	Pair Corr
0.93	AUR	Aurora Innovation	Pair Corr

Moving against Sturm Stock

0.83	300247	Youngy Health	Pair Corr
0.8	GAW	Games Workshop Group	Pair Corr
0.71	F	Ford Motor	Pair Corr
0.7	002348	Goldlok Toys Holdings	Pair Corr
0.62	INFY	Infosys Ltd ADR	Pair Corr
0.6	605299	Shuhua Sports	Pair Corr
0.56	603787	Jiangsu Xinri E	Pair Corr
0.5	002899	Impulse Qingdao Health	Pair Corr
0.42	CLAR	Clarus Corp	Pair Corr
0.35	001300	Sportsoul	Pair Corr
0.35	300756	Guangdong Jinma Ente	Pair Corr
0.83	LCDX	Caliber Imaging Diag	Pair Corr
0.78	CASXF	Casa Minerals	Pair Corr
0.77	FTV	Fortive Corp	Pair Corr
0.73	NAUFF	NevGold Corp	Pair Corr
0.72	RIVN	Rivian Automotive	Pair Corr
0.71	DGWPF	Drgerwerk AG	Pair Corr
0.69	MGCV	MGC Ventures	Pair Corr
0.69	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.61	SYF	Synchrony Financial	Pair Corr
0.51	DB	Deutsche Bank AG	Pair Corr
0.48	CTOWY	China TowerLimited	Pair Corr
0.47	BROS	Dutch Bros	Pair Corr
0.43	SMXWW	SMX Public Limited	Pair Corr

Related Correlations Analysis

	EH	SKYH	NPK	TATT	SNCY	VSTS	GHM	TRNS	LGMK	LTBR
EH		0.79	0.65	0.35	-0.83	-0.87	-0.31	0.84	0.85	0.91	EH
SKYH	0.79		0.57	0.26	-0.53	-0.58	-0.08	0.7	0.74	0.83	SKYH
NPK	0.65	0.57		0.65	-0.3	-0.4	0.26	0.79	0.62	0.53	NPK
TATT	0.35	0.26	0.65		-0.16	-0.23	0.31	0.52	0.29	0.27	TATT
SNCY	-0.83	-0.53	-0.3	-0.16		0.92	0.52	-0.64	-0.73	-0.78	SNCY
VSTS	-0.87	-0.58	-0.4	-0.23	0.92		0.42	-0.66	-0.79	-0.79	VSTS
GHM	-0.31	-0.08	0.26	0.31	0.52	0.42		-0.07	-0.39	-0.17	GHM
TRNS	0.84	0.7	0.79	0.52	-0.64	-0.66	-0.07		0.79	0.81	TRNS
LGMK	0.85	0.74	0.62	0.29	-0.73	-0.79	-0.39	0.79		0.75	LGMK
LTBR	0.91	0.83	0.53	0.27	-0.78	-0.79	-0.17	0.81	0.75		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

VSTS	+ 0.92	SNCY
LTBR	+ 0.91	EH
LGMK	+ 0.85	EH
TRNS	+ 0.84	EH
LTBR	+ 0.83	SKYH
LTBR	+ 0.81	TRNS

High negative correlations

VSTS	- 0.87	EH
SNCY	- 0.83	EH
LTBR	- 0.79	VSTS
LGMK	- 0.79	VSTS
LTBR	- 0.78	SNCY
LGMK	- 0.73	SNCY

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	2.10	(0.55)	0.00	(0.36)	0.00	0.00	4.67	(5.09)	14.52
SKYH	1.94	(0.24)	0.00	(0.07)	0.00	0.00	4.47	(3.99)	12.01
NPK	1.47	(0.06)	0.00	(0.06)	0.00	0.00	2.44	(2.88)	10.36
TATT	2.50	0.13	0.04	0.13	3.28	(2.43)	4.79	(4.24)	18.01
SNCY	2.21	0.22	0.10	0.16	2.23	(2.52)	5.53	(4.25)	13.97
VSTS	2.51	0.61	0.19	0.56	2.75	(2.90)	6.21	(4.15)	18.68
GHM	2.52	0.25	0.09	0.18	3.07	(2.43)	5.09	(4.93)	12.20
TRNS	2.21	(0.43)	0.00	(0.19)	0.00	0.00	5.41	(3.69)	17.88
LGMK	7.14	(1.35)	0.00	(0.49)	0.00	0.00	12.82	(17.91)	63.88
LTBR	5.25	(0.89)	0.00	(0.13)	0.00	0.00	9.61	(10.77)	44.30

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