Stepstone Correlations

STEP Stock

USD 63.97 0.94 1.49%

The current 90-days correlation between Stepstone Group and Hamilton Lane is -0.08 (i.e., Good 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

Very poor diversification

The correlation between Stepstone Group and DJI is 0.8 (i.e., Very poor 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 signals in services.

Moving together with Stepstone Stock

0.77	LBS	Life Banc Split	Pair Corr
0.89	DFN	Dividend 15 Split	Pair Corr
0.85	CSOC-A	Canso Select Opportu	Pair Corr
0.91	DGS	Dividend Growth Split	Pair Corr
0.86	ASA	ASA Gold	Pair Corr
0.75	BTI	Bailador Technology	Pair Corr
0.73	HRZN	Horizon Technology	Pair Corr
0.79	SBC	Brompton Split Banc	Pair Corr
0.86	URB-A	Urbana	Pair Corr
0.82	LCS	Brompton Lifeco Split Split	Pair Corr
0.76	URB	Urbana	Pair Corr
0.61	CGL	CATLIN GROUP	Pair Corr
0.78	BBDC	Barings BDC	Pair Corr
0.64	PWI	Sustainable Power	Pair Corr
0.88	TRIN	Trinity Capital	Pair Corr
0.63	CGBD	Carlyle Secured Lending	Pair Corr
0.86	CSWC	Capital Southwest	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr

Moving against Stepstone Stock

0.39	MFIC	MidCap Financial Inv	Pair Corr
0.37	EPGG	Empire Global Gaming	Pair Corr
0.53	MSFT	Microsoft	Pair Corr
0.45	T	ATT Inc Aggressive Push	Pair Corr
0.35	GBHPF	Global Hemp Group	Pair Corr
0.34	MMM	3M Company	Pair Corr

Related Correlations Analysis

	PSEC	HLNE	OXLC	ATCO	JHG	OTF	AMG	CFR	MAIN	BPOP
PSEC		0.68	0.12	0.0	0.5	-0.02	0.66	0.66	0.64	0.45	PSEC
HLNE	0.68		0.27	0.0	0.87	0.23	0.92	0.83	0.84	0.73	HLNE
OXLC	0.12	0.27		0.0	0.12	0.77	0.16	-0.01	0.19	-0.23	OXLC
ATCO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ATCO
JHG	0.5	0.87	0.12	0.0		0.25	0.93	0.89	0.85	0.9	JHG
OTF	-0.02	0.23	0.77	0.0	0.25		0.22	0.07	0.29	-0.07	OTF
AMG	0.66	0.92	0.16	0.0	0.93	0.22		0.94	0.88	0.84	AMG
CFR	0.66	0.83	-0.01	0.0	0.89	0.07	0.94		0.86	0.9	CFR
MAIN	0.64	0.84	0.19	0.0	0.85	0.29	0.88	0.86		0.76	MAIN
BPOP	0.45	0.73	-0.23	0.0	0.9	-0.07	0.84	0.9	0.76		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	+ 0.94	AMG
AMG	+ 0.93	JHG
AMG	+ 0.92	HLNE
BPOP	+ 0.9	JHG
BPOP	+ 0.9	CFR
CFR	+ 0.89	JHG

High negative correlations

BPOP	- 0.23	OXLC
BPOP	- 0.07	OTF
OTF	- 0.02	PSEC
CFR	- 0.01	OXLC
BPOP	- 0.0	ATCO
MAIN	- 0.0	ATCO

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	1.54	0.05	0.02	0.10	1.71	(1.79)	4.67	(3.18)	11.08
HLNE	1.72	0.19	0.09	0.15	2.00	(1.81)	3.63	(3.51)	10.57
OXLC	1.63	(0.41)	0.00	(0.40)	0.00	0.00	2.53	(3.64)	20.96
ATCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHG	0.61	0.14	0.15	0.30	0.62	(0.73)	1.57	(1.08)	4.84
OTF	1.41	(0.26)	0.00	(0.47)	0.00	0.00	2.48	(2.93)	10.23
AMG	1.39	0.32	0.22	0.28	1.16	(1.57)	3.07	(2.50)	10.78
CFR	1.02	0.21	0.21	0.27	0.74	(1.28)	3.15	(1.28)	7.64
MAIN	1.03	0.08	0.06	0.16	1.03	(1.20)	2.60	(2.10)	5.67
BPOP	1.21	0.36	0.21	0.51	1.26	(1.33)	2.96	(2.08)	6.73

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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