Sturm Ruger Correlations

RGR Stock

USD 37.42 1.01 2.63%

The current 90-days correlation between Sturm Ruger and Ehang Holdings is 0.17 (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

Very poor diversification

The correlation between Sturm Ruger and DJI is 0.89 (i.e., Very poor 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 census.

To learn how to invest in Sturm Stock, please use our How to Invest in Sturm Ruger guide.

Moving together with Sturm Stock

0.95	BC	Brunswick	Pair Corr
0.67	XPF	XP Factory PLC	Pair Corr
0.88	ESCA	Escalade Incorporated	Pair Corr
0.7	WAT	Waterco	Pair Corr
0.91	3ZV	BENEFIT SYSTEMS ZY	Pair Corr
0.83	DOO	BRP Inc Symbol Change	Pair Corr
0.8	HAS	Hasbro Inc	Pair Corr
0.82	CDA	Compagnie des Alpes	Pair Corr
0.88	GOLF	Acushnet Holdings Corp Earnings Call This Week	Pair Corr
0.85	YETI	YETI Holdings Downward Rally	Pair Corr
0.83	FU2	Funko Inc	Pair Corr
0.89	TIV	Thor Industries Earnings Call Next Week	Pair Corr

Moving against Sturm Stock

0.84	VMAR	Vision Marine Techno	Pair Corr
0.81	CYQ	CYCLIQ Group	Pair Corr
0.44	TOY	Spin Master Corp	Pair Corr
0.81	YMAT	J Star Holding	Pair Corr
0.6	POOL	Pool Safe	Pair Corr
0.56	AS7	ANTA Sports Products	Pair Corr

Related Correlations Analysis

	EH	SKYH	NPK	TATT	SNCY	VSTS	GHM	TRNS	LGMK	LTBR
EH		0.36	-0.64	-0.33	-0.73	-0.6	-0.66	-0.72	0.53	0.64	EH
SKYH	0.36		0.01	0.09	-0.02	0.01	-0.03	-0.21	0.07	0.67	SKYH
NPK	-0.64	0.01		0.85	0.89	0.48	0.89	0.79	-0.82	-0.12	NPK
TATT	-0.33	0.09	0.85		0.76	0.33	0.82	0.7	-0.77	0.05	TATT
SNCY	-0.73	-0.02	0.89	0.76		0.7	0.94	0.93	-0.72	-0.24	SNCY
VSTS	-0.6	0.01	0.48	0.33	0.7		0.68	0.68	-0.49	-0.43	VSTS
GHM	-0.66	-0.03	0.89	0.82	0.94	0.68		0.9	-0.78	-0.24	GHM
TRNS	-0.72	-0.21	0.79	0.7	0.93	0.68	0.9		-0.67	-0.42	TRNS
LGMK	0.53	0.07	-0.82	-0.77	-0.72	-0.49	-0.78	-0.67		0.3	LGMK
LTBR	0.64	0.67	-0.12	0.05	-0.24	-0.43	-0.24	-0.42	0.3		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

GHM	+ 0.94	SNCY
TRNS	+ 0.93	SNCY
TRNS	+ 0.9	GHM
SNCY	+ 0.89	NPK
GHM	+ 0.89	NPK
TATT	+ 0.85	NPK

High negative correlations

LGMK	- 0.82	NPK
LGMK	- 0.78	GHM
LGMK	- 0.77	TATT
SNCY	- 0.73	EH
LGMK	- 0.72	SNCY
TRNS	- 0.72	EH

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	2.18	(0.35)	0.00	(0.18)	0.00	0.00	5.77	(4.97)	17.58
SKYH	1.94	(0.12)	0.00	(0.01)	0.00	0.00	4.47	(3.65)	13.81
NPK	1.33	0.43	0.27	0.83	1.08	(1.55)	3.03	(2.32)	9.82
TATT	2.21	0.49	0.18	0.75	2.21	(2.51)	5.99	(3.56)	13.83
SNCY	2.19	0.69	0.34	0.37	1.55	(2.55)	6.32	(3.36)	17.30
VSTS	2.99	0.56	0.14	0.42	3.67	(3.10)	6.71	(6.44)	22.56
GHM	2.49	0.39	0.14	0.21	2.97	(2.55)	5.23	(4.93)	17.84
TRNS	2.19	0.49	0.29	0.31	1.55	(2.93)	8.42	(3.14)	14.40
LGMK	6.71	(0.66)	0.00	(0.24)	0.00	0.00	16.67	(15.00)	44.45
LTBR	4.39	(0.48)	0.00	(0.12)	0.00	0.00	10.58	(9.49)	27.21

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