Stepstone Correlations

STEP Stock

USD 75.80 2.30 3.13%

The current 90-days correlation between Stepstone Group and Hamilton Lane is 0.67 (i.e., 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

Very weak diversification

The correlation between Stepstone Group and DJI is 0.54 (i.e., Very weak 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 median.

Moving together with Stepstone Stock

0.78	WT	WisdomTree	Pair Corr
0.8	VCTR	Victory Capital Holdings	Pair Corr
0.66	FHI	Federated Investors Earnings Call This Week	Pair Corr
0.86	PAX	Patria Investments	Pair Corr
0.83	SII	Sprott Inc Normal Trading	Pair Corr
0.73	OCCI	OFS Credit	Pair Corr
0.75	SAMG	Silvercrest Asset	Pair Corr
0.71	ATI	Allegheny Technologies	Pair Corr
0.78	MCHP	Microchip Technology	Pair Corr
0.66	INTC	Intel Aggressive Push	Pair Corr
0.74	ACN	Accenture plc	Pair Corr
0.74	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.65	MRK	Merck Company Sell-off Trend	Pair Corr

Moving against Stepstone Stock

0.47	PIFMY	Indofood Sukses Makmur	Pair Corr
0.37	PTAIF	PT Astra International	Pair Corr
0.55	HPQ	HP Inc	Pair Corr
0.52	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.47	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	PSEC	HLNE	OXLC	ATCO	JHG	OTF	AMG	CFR	MAIN	BPOP
PSEC		0.32	0.21	0.0	0.13	0.05	0.21	0.3	0.28	0.1	PSEC
HLNE	0.32		0.21	0.0	0.86	0.23	0.92	0.87	0.8	0.86	HLNE
OXLC	0.21	0.21		0.0	0.32	0.7	0.2	0.37	0.26	0.29	OXLC
ATCO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ATCO
JHG	0.13	0.86	0.32	0.0		0.47	0.89	0.85	0.82	0.85	JHG
OTF	0.05	0.23	0.7	0.0	0.47		0.33	0.52	0.51	0.43	OTF
AMG	0.21	0.92	0.2	0.0	0.89	0.33		0.88	0.83	0.82	AMG
CFR	0.3	0.87	0.37	0.0	0.85	0.52	0.88		0.86	0.9	CFR
MAIN	0.28	0.8	0.26	0.0	0.82	0.51	0.83	0.86		0.8	MAIN
BPOP	0.1	0.86	0.29	0.0	0.85	0.43	0.82	0.9	0.8		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

AMG	+ 0.92	HLNE
BPOP	+ 0.9	CFR
AMG	+ 0.89	JHG
CFR	+ 0.88	AMG
CFR	+ 0.87	HLNE
JHG	+ 0.86	HLNE

High negative correlations

BPOP	- 0.0	ATCO
MAIN	- 0.0	ATCO
CFR	- 0.0	ATCO
AMG	- 0.0	ATCO
OTF	- 0.0	ATCO
JHG	- 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	1.44	0.16	0.09	0.33	1.37	(1.73)	4.60	(2.03)	10.92
HLNE	1.55	0.22	0.14	0.26	1.52	(1.72)	3.12	(3.27)	9.90
OXLC	1.29	(0.12)	0.00	(0.05)	0.00	0.00	2.51	(2.71)	9.20
ATCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHG	1.06	0.08	0.05	0.17	1.35	(1.18)	1.90	(2.44)	14.63
OTF	1.36	0.03	(0.02)	0.17	1.58	(1.44)	2.95	(2.66)	7.65
AMG	1.25	0.35	0.33	0.40	0.70	(1.54)	3.15	(2.00)	10.56
CFR	1.03	0.07	0.06	0.16	1.10	(1.21)	2.93	(1.62)	7.78
MAIN	1.06	0.15	0.10	0.31	0.92	(1.22)	2.83	(2.07)	5.70
BPOP	1.21	0.00	0.00	0.10	1.77	(1.19)	2.49	(2.81)	7.74

Stepstone Corporate Executives

Elected by the shareholders, the Stepstone's board of directors comprises two types of representatives: Stepstone inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stepstone. The board's role is to monitor Stepstone's management team and ensure that shareholders' interests are well served. Stepstone's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Stepstone's outside directors are responsible for providing unbiased perspectives on the board's policies.

David Park

Partner CFO

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