Stonex Correlations

SNEX Stock

USD 108.58 0.08 0.07%

The current 90-days correlation between Stonex Group and BGC Group is 0.35 (i.e., Weak diversification). The correlation of Stonex 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.

Stonex Correlation With Market

Very poor diversification

The correlation between Stonex Group and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stonex Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stonex Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stonex Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Stonex Stock

0.8	GS	Goldman Sachs Group	Pair Corr
0.95	MC	Moelis	Pair Corr
0.78	MS	Morgan Stanley	Pair Corr
0.79	MAF	MA Financial Group	Pair Corr
0.88	RJF	Raymond James Financial	Pair Corr
0.72	BFG	Bell Financial Group	Pair Corr
0.88	PIPR	Piper Sandler Companies	Pair Corr
0.67	WAM	WAM Capital	Pair Corr
0.75	RILY	B Riley Financial	Pair Corr
0.68	FTCI	FTC Solar	Pair Corr
0.72	PNTRF	Pantera Silver Corp Earnings Call Tomorrow	Pair Corr
0.79	MGPUF	MG Plc	Pair Corr
0.69	EGP	EastGroup Properties	Pair Corr
0.83	NXST	Nexstar Broadcasting	Pair Corr
0.8	UBSI	United Bankshares	Pair Corr
0.73	AVAI	Avant Technologies	Pair Corr
0.8	BTU	Peabody Energy Corp	Pair Corr
0.92	RTO	Rentokil Initial PLC	Pair Corr
0.65	CDR-PC	Cedar Realty Trust	Pair Corr
0.66	IGTA	Inception Growth Acq	Pair Corr
0.84	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.87	NONOF	Novo Nordisk AS Earnings Call This Week	Pair Corr
0.75	TSGZF	Tristar Gold	Pair Corr

Moving against Stonex Stock

0.73

PLUT

Plutus Financial

Pair Corr

Related Correlations Analysis

	BGC	LAZ	MC	RJF	NNI	VIRT	PJT	SIGI	AX	FFIN
BGC		0.01	0.21	0.38	0.17	0.09	0.26	-0.07	0.03	0.14	BGC
LAZ	0.01		0.59	0.65	0.4	0.55	0.6	0.34	0.7	0.7	LAZ
MC	0.21	0.59		0.87	0.65	0.14	0.87	0.69	0.9	0.64	MC
RJF	0.38	0.65	0.87		0.57	0.32	0.8	0.55	0.83	0.66	RJF
NNI	0.17	0.4	0.65	0.57		-0.24	0.39	0.77	0.68	0.36	NNI
VIRT	0.09	0.55	0.14	0.32	-0.24		0.31	-0.21	0.28	0.53	VIRT
PJT	0.26	0.6	0.87	0.8	0.39	0.31		0.36	0.74	0.78	PJT
SIGI	-0.07	0.34	0.69	0.55	0.77	-0.21	0.36		0.76	0.28	SIGI
AX	0.03	0.7	0.9	0.83	0.68	0.28	0.74	0.76		0.68	AX
FFIN	0.14	0.7	0.64	0.66	0.36	0.53	0.78	0.28	0.68		FFIN
	BGC	LAZ	MC	RJF	NNI	VIRT	PJT	SIGI	AX	FFIN

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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

AX	+ 0.9	MC
RJF	+ 0.87	MC
PJT	+ 0.87	MC
AX	+ 0.83	RJF
PJT	+ 0.8	RJF
FFIN	+ 0.78	PJT

High negative correlations

VIRT	- 0.24	NNI
SIGI	- 0.21	VIRT
SIGI	- 0.07	BGC

Risk-Adjusted Indicators

There is a big difference between Stonex Stock performing well and Stonex 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 Stonex'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
BGC	1.10	(0.13)	0.00	(0.08)	0.00	0.00	2.45	(2.84)	6.73
LAZ	1.51	0.01	0.02	0.08	2.20	(1.39)	3.60	(3.31)	12.15
MC	1.60	0.00	0.03	0.07	2.14	(1.60)	3.36	(3.84)	9.78
RJF	1.07	(0.04)	(0.03)	0.03	1.36	(1.11)	2.22	(2.20)	5.52
NNI	1.14	(0.05)	(0.06)	(0.01)	1.33	(1.21)	2.43	(2.15)	6.95
VIRT	1.18	0.16	0.08	0.49	1.37	(1.22)	2.35	(2.00)	6.62
PJT	1.50	(0.08)	(0.02)	0.01	2.38	(1.36)	3.08	(4.73)	10.14
SIGI	1.10	(0.03)	(0.05)	(0.01)	1.51	(1.07)	1.95	(1.75)	5.68
AX	1.25	0.15	0.10	0.18	1.46	(1.33)	3.18	(2.60)	8.23
FFIN	1.09	(0.06)	(0.06)	(0.01)	1.31	(1.29)	2.50	(2.22)	7.40

Stonex Corporate Management

Aaron Schroeder	Chief Officer	Profile
Abigail Perkins	Chief Officer	Profile
Glenn Stevens	Head Exchange	Profile
Diego JD	Chief Officer	Profile
Xuong Nguyen	Chief Officer	Profile

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