Stepstone Correlations

STEP Stock

USD 66.09 0.14 0.21%

The current 90-days correlation between Stepstone Group and Hamilton Lane is 0.62 (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 0.47 (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 consumer price index.

Moving together with Stepstone Stock

0.74	BX	Blackstone Group	Pair Corr
0.85	CG	Carlyle Group Normal Trading	Pair Corr
0.71	NP	Neptune Insurance	Pair Corr
0.65	WT	WisdomTree	Pair Corr
0.64	DMYY	dMY Squared Technology	Pair Corr
0.63	VCTR	Victory Capital Holdings	Pair Corr
0.72	SDV	Chelverton UK Dividend	Pair Corr

Moving against Stepstone Stock

0.32	AB	AllianceBernstein	Pair Corr
0.45	BCBN	Base Carbon	Pair Corr
0.35	OEQ	Orion Equities	Pair Corr
0.32	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	PSEC	HLNE	OXLC	ATCO	JHG	OTF	AMG	CFR	MAIN	BPOP
PSEC		-0.36	0.02	0.0	-0.25	-0.04	-0.27	-0.28	-0.13	-0.3	PSEC
HLNE	-0.36		0.13	0.0	0.57	-0.24	0.36	0.52	0.7	0.67	HLNE
OXLC	0.02	0.13		0.0	0.08	0.3	-0.53	0.16	0.39	0.46	OXLC
ATCO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ATCO
JHG	-0.25	0.57	0.08	0.0		0.21	0.61	0.77	0.63	0.6	JHG
OTF	-0.04	-0.24	0.3	0.0	0.21		0.02	0.33	0.2	0.02	OTF
AMG	-0.27	0.36	-0.53	0.0	0.61	0.02		0.5	0.18	0.08	AMG
CFR	-0.28	0.52	0.16	0.0	0.77	0.33	0.5		0.68	0.77	CFR
MAIN	-0.13	0.7	0.39	0.0	0.63	0.2	0.18	0.68		0.75	MAIN
BPOP	-0.3	0.67	0.46	0.0	0.6	0.02	0.08	0.77	0.75		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	+ 0.77	JHG
BPOP	+ 0.77	CFR
BPOP	+ 0.75	MAIN
MAIN	+ 0.7	HLNE
MAIN	+ 0.68	CFR
BPOP	+ 0.67	HLNE

High negative correlations

AMG	- 0.53	OXLC
HLNE	- 0.36	PSEC
BPOP	- 0.3	PSEC
CFR	- 0.28	PSEC
AMG	- 0.27	PSEC
JHG	- 0.25	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	1.46	(0.03)	(0.02)	0.03	1.59	(1.70)	4.31	(2.61)	10.70
HLNE	1.63	(0.18)	0.00	(0.09)	0.00	0.00	3.02	(3.51)	9.90
OXLC	1.33	(0.22)	0.00	(0.18)	0.00	0.00	2.24	(2.71)	9.20
ATCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHG	1.29	0.02	0.03	0.09	1.70	(1.38)	2.51	(2.83)	14.63
OTF	1.29	(0.02)	(0.02)	0.04	1.47	(1.43)	2.95	(2.59)	8.83
AMG	1.30	0.20	0.14	0.22	1.32	(1.47)	3.07	(2.15)	10.56
CFR	1.00	(0.02)	(0.01)	0.05	1.41	(1.00)	2.61	(1.63)	7.78
MAIN	1.08	(0.15)	0.00	(0.09)	0.00	0.00	2.38	(2.21)	7.54
BPOP	1.26	(0.08)	(0.03)	0.01	2.06	(1.21)	2.67	(3.34)	8.67

Stepstone Corporate Management

Bendukai JD	Chief Counsel	Profile
David Jeffrey	Head Bus	Profile
Johnny Randel	Chief Officer	Profile
John Coelho	Partner	Profile
Maribel Yoo	Vice Marketing	Profile

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