Stonex Correlations

SNEX Stock

USD 124.87 3.21 2.51%

The current 90-days correlation between Stonex Group and BGC Group is 0.18 (i.e., Average 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 0.87 (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 discontinued.

Moving together with Stonex Stock

0.75	GS	Goldman Sachs Group	Pair Corr
0.76	206G	HUATEI SECSCO GDR	Pair Corr
0.75	VIRT	Virtu Financial	Pair Corr
0.95	P55	Plus500	Pair Corr
0.83	IVKA	Investec Group	Pair Corr
0.93	4LJ	UOB Kay Hian Earnings Call This Week	Pair Corr
0.95	4M4	Macquarie Group	Pair Corr
0.8	CF	Canaccord Genuity	Pair Corr
0.95	VG1	Vgi Partners Global	Pair Corr
0.68	BGC	BGC Group	Pair Corr
0.75	LAZ	Lazard	Pair Corr
0.83	MRX	Marex Group plc Normal Trading	Pair Corr
0.88	NMR	Nomura Holdings ADR	Pair Corr
0.94	OPY	Oppenheimer Holdings	Pair Corr

Moving against Stonex Stock

0.81	JIGI	JPMorgan India Growth	Pair Corr
0.55	206H	Huatai Securities	Pair Corr
0.54	DOMH	Dominari Holdings	Pair Corr
0.32	NAS	North Atlantic Smaller	Pair Corr
0.91	MATE	Blockmate Ventures	Pair Corr
0.84	FRHC	Freedom Holding Corp	Pair Corr
0.83	ETOR	eToro Group Normal Trading	Pair Corr
0.77	VNTN	VentureNet Capital	Pair Corr
0.76	HUB	HUB24 Earnings Call Today	Pair Corr
0.62	WAY	Shenwan Hongyuan	Pair Corr
0.57	FGNX	Fundamental Global Symbol Change	Pair Corr
0.92	CBIT	Cathedra Bitcoin	Pair Corr
0.52	FUTU	Futu Holdings	Pair Corr
0.37	TOP	Zhong Yang Financial	Pair Corr

Related Correlations Analysis

	BGC	LAZ	MC	RJF	NNI	VIRT	PJT	SIGI	AX	FFIN
BGC		0.42	0.32	0.44	0.25	0.51	-0.09	0.58	0.63	0.48	BGC
LAZ	0.42		0.49	0.54	0.18	0.72	0.07	0.53	0.77	0.81	LAZ
MC	0.32	0.49		0.88	0.59	0.14	0.72	0.47	0.67	0.39	MC
RJF	0.44	0.54	0.88		0.47	0.28	0.62	0.41	0.67	0.45	RJF
NNI	0.25	0.18	0.59	0.47		-0.22	0.33	0.5	0.41	0.13	NNI
VIRT	0.51	0.72	0.14	0.28	-0.22		-0.18	0.38	0.67	0.72	VIRT
PJT	-0.09	0.07	0.72	0.62	0.33	-0.18		-0.22	0.12	-0.08	PJT
SIGI	0.58	0.53	0.47	0.41	0.5	0.38	-0.22		0.8	0.65	SIGI
AX	0.63	0.77	0.67	0.67	0.41	0.67	0.12	0.8		0.83	AX
FFIN	0.48	0.81	0.39	0.45	0.13	0.72	-0.08	0.65	0.83		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

RJF	+ 0.88	MC
FFIN	+ 0.83	AX
FFIN	+ 0.81	LAZ
AX	+ 0.8	SIGI
AX	+ 0.77	LAZ
VIRT	+ 0.72	LAZ

High negative correlations

SIGI	- 0.22	PJT
VIRT	- 0.22	NNI
PJT	- 0.18	VIRT
PJT	- 0.09	BGC
FFIN	- 0.08	PJT

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	1.46	0.06	0.03	0.14	1.83	(1.56)	2.89	(3.05)	12.12
LAZ	1.69	(0.04)	0.00	0.02	2.45	(1.64)	3.71	(3.69)	12.16
MC	1.63	(0.07)	(0.02)	0.00	2.32	(1.69)	3.34	(4.25)	11.68
RJF	1.24	(0.08)	0.00	(0.03)	0.00	0.00	2.28	(2.30)	11.78
NNI	1.18	(0.01)	(0.01)	0.03	1.34	(1.25)	2.43	(2.15)	6.95
VIRT	1.49	0.14	0.06	0.50	1.84	(1.53)	2.81	(3.14)	13.20
PJT	1.57	(0.19)	0.00	(0.10)	0.00	0.00	3.08	(3.37)	12.71
SIGI	1.05	0.11	0.08	0.29	0.99	(1.15)	2.56	(1.58)	5.53
AX	1.38	0.23	0.13	0.22	1.48	(1.49)	3.29	(2.62)	8.23
FFIN	1.16	0.06	0.04	0.10	1.25	(1.46)	2.72	(2.14)	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
Gregory Kallinikos	Chief Pacific	Profile
Xuong Nguyen	Chief Officer	Profile

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