Stepstone Correlations

STEP Stock

USD 43.14 3.84 8.17%

The current 90-days correlation between Stepstone Group and Hamilton Lane is 0.81 (i.e., Very poor diversification). The correlation of Stepstone 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.

Stepstone Correlation With Market

Significant diversification

The correlation between Stepstone Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stepstone Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stepstone Stock

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

Moving together with Stepstone Stock

0.76	BX	Blackstone Group	Pair Corr
0.8	CG	Carlyle Group	Pair Corr
0.81	TEK	Tekcapital plc	Pair Corr
0.65	PNI	Pinnacle Investment	Pair Corr

Moving against Stepstone Stock

0.6	RA	Brookfield Real Assets	Pair Corr
0.56	SSSS-P	Shooting Star Acquisition	Pair Corr
0.47	ALPN	Alpine Select AG	Pair Corr
0.4	FT	Franklin Universal Closed	Pair Corr
0.37	HHI	Henderson High Income	Pair Corr
0.36	VCTR	Victory Capital Holdings	Pair Corr
0.37	8KF	ICHIYOSHI SECS LTD	Pair Corr

Related Correlations Analysis

	PSEC	HLNE	OXLC	ATCO	JHG	OTF	AMG	CFR	MAIN	BPOP
PSEC		0.0	-0.3	0.0	0.36	-0.38	0.76	0.79	0.29	0.56	PSEC
HLNE	0.0		0.7	0.0	-0.24	0.64	0.41	0.04	0.77	-0.27	HLNE
OXLC	-0.3	0.7		0.0	-0.61	0.81	0.05	-0.3	0.43	-0.81	OXLC
ATCO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ATCO
JHG	0.36	-0.24	-0.61	0.0		-0.54	0.27	0.32	0.01	0.78	JHG
OTF	-0.38	0.64	0.81	0.0	-0.54		-0.15	-0.54	0.44	-0.74	OTF
AMG	0.76	0.41	0.05	0.0	0.27	-0.15		0.82	0.57	0.46	AMG
CFR	0.79	0.04	-0.3	0.0	0.32	-0.54	0.82		0.33	0.74	CFR
MAIN	0.29	0.77	0.43	0.0	0.01	0.44	0.57	0.33		-0.06	MAIN
BPOP	0.56	-0.27	-0.81	0.0	0.78	-0.74	0.46	0.74	-0.06		BPOP
	PSEC	HLNE	OXLC	ATCO	JHG	OTF	AMG	CFR	MAIN	BPOP

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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

CFR	+ 0.82	AMG
OTF	+ 0.81	OXLC
CFR	+ 0.79	PSEC
BPOP	+ 0.78	JHG
MAIN	+ 0.77	HLNE
AMG	+ 0.76	PSEC

High negative correlations

BPOP	- 0.81	OXLC
BPOP	- 0.74	OTF
JHG	- 0.61	OXLC
CFR	- 0.54	OTF
OTF	- 0.54	JHG
OTF	- 0.38	PSEC

Risk-Adjusted Indicators

There is a big difference between Stepstone Stock performing well and Stepstone 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 Stepstone'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
PSEC	1.62	0.17	0.04	11.10	1.94	(1.79)	4.35	(3.25)	14.13
HLNE	1.92	(0.12)	0.00	0.47	0.00	0.00	3.63	(5.29)	14.15
OXLC	1.84	(0.80)	0.00	(2.14)	0.00	0.00	2.01	(5.87)	17.85
ATCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHG	0.58	0.24	0.41	0.52	0.00	(0.75)	2.37	(0.82)	4.30
OTF	1.68	(0.16)	0.00	(0.75)	0.00	0.00	3.38	(3.88)	12.15
AMG	1.57	0.21	0.08	0.31	2.21	(1.63)	3.47	(2.58)	17.49
CFR	0.96	0.11	0.09	0.19	0.97	(1.15)	2.65	(1.47)	7.64
MAIN	1.22	(0.05)	(0.05)	0.00	1.44	(1.34)	2.36	(2.38)	6.66
BPOP	1.34	0.21	0.10	0.38	1.66	(1.39)	2.90	(2.71)	10.54

Stepstone Corporate Management

Bendukai JD	Chief Counsel	Profile
Jeffrey Giller	Partner Estate	Profile
Rebecca Ajavananda	Partner	Profile
John CFA	Partner	Profile

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