StoneCo Correlations

STNE Stock

USD 14.79 0.27 1.79%

The current 90-days correlation between StoneCo and Box Inc is -0.09 (i.e., Good diversification). The correlation of StoneCo 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.

StoneCo Correlation With Market

Weak diversification

The correlation between StoneCo and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding StoneCo and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with StoneCo Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in StoneCo. 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.

For information on how to trade StoneCo Stock refer to our How to Trade StoneCo Stock guide.

Moving together with StoneCo Stock

0.7	SSNLF	Samsung Electronics	Pair Corr
0.68	PIFMY	Indofood Sukses Makmur Upward Rally	Pair Corr

Moving against StoneCo Stock

0.82	FTV	Fortive Corp	Pair Corr
0.71	MGCV	MGC Ventures	Pair Corr
0.71	LCDX	Caliber Imaging Diag	Pair Corr
0.69	NAUFF	NevGold Corp	Pair Corr
0.62	SMXWW	SMX Public Limited	Pair Corr
0.61	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.56	DGWPF	Drgerwerk AG	Pair Corr
0.54	PTAIY	Astra International Tbk	Pair Corr
0.54	DB	Deutsche Bank AG	Pair Corr
0.48	WU	Western Union	Pair Corr
0.48	CASXF	Casa Minerals	Pair Corr
0.47	EC	Ecopetrol SA ADR	Pair Corr
0.46	PUTKY	United Tractors Tbk	Pair Corr
0.38	PHJMF	PT Hanjaya Mandala	Pair Corr

Related Correlations Analysis

	BOX	ACIW	CLBT	QLYS	VRNS	WEX	OS	BTDR	S	DLO
BOX		0.61	0.19	-0.52	0.8	0.47	-0.25	0.79	0.78	0.65	BOX
ACIW	0.61		0.38	-0.52	0.81	0.66	-0.32	0.53	0.59	0.46	ACIW
CLBT	0.19	0.38		-0.26	0.44	0.41	-0.58	-0.08	-0.08	0.26	CLBT
QLYS	-0.52	-0.52	-0.26		-0.67	-0.36	0.49	-0.68	-0.53	-0.53	QLYS
VRNS	0.8	0.81	0.44	-0.67		0.61	-0.44	0.72	0.69	0.61	VRNS
WEX	0.47	0.66	0.41	-0.36	0.61		-0.53	0.4	0.27	0.56	WEX
OS	-0.25	-0.32	-0.58	0.49	-0.44	-0.53		-0.28	0.08	-0.43	OS
BTDR	0.79	0.53	-0.08	-0.68	0.72	0.4	-0.28		0.75	0.69	BTDR
S	0.78	0.59	-0.08	-0.53	0.69	0.27	0.08	0.75		0.39	S
DLO	0.65	0.46	0.26	-0.53	0.61	0.56	-0.43	0.69	0.39		DLO
	BOX	ACIW	CLBT	QLYS	VRNS	WEX	OS	BTDR	S	DLO

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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

VRNS	+ 0.81	ACIW
VRNS	+ 0.8	BOX
BTDR	+ 0.79	BOX
S	+ 0.78	BOX
S	+ 0.75	BTDR
BTDR	+ 0.72	VRNS

High negative correlations

BTDR	- 0.68	QLYS
VRNS	- 0.67	QLYS
OS	- 0.58	CLBT
OS	- 0.53	WEX
DLO	- 0.53	QLYS
S	- 0.53	QLYS

Risk-Adjusted Indicators

There is a big difference between StoneCo Stock performing well and StoneCo 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 StoneCo'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
BOX	1.09	(0.14)	0.00	(0.18)	0.00	0.00	2.76	(2.85)	9.51
ACIW	1.14	(0.17)	0.00	(0.18)	0.00	0.00	2.08	(3.02)	8.25
CLBT	1.98	(0.03)	0.00	0.27	0.00	0.00	3.03	(4.92)	25.88
QLYS	1.56	(0.06)	(0.03)	(0.01)	1.89	(1.78)	2.52	(3.12)	25.56
VRNS	2.46	(0.67)	0.00	(0.46)	0.00	0.00	3.86	(3.09)	54.22
WEX	1.32	(0.17)	0.00	(0.09)	0.00	0.00	2.74	(2.82)	6.48
OS	2.67	(0.05)	(0.01)	0.01	3.35	(2.87)	5.27	(5.12)	29.57
BTDR	5.27	(0.53)	0.00	(0.13)	0.00	0.00	10.28	(13.31)	49.03
S	1.87	(0.32)	0.00	(0.18)	0.00	0.00	3.71	(4.17)	19.38
DLO	1.94	(0.14)	0.00	(0.01)	0.00	0.00	4.19	(4.02)	17.44

StoneCo Corporate Management

Thiago Piau	Chief Officer	Profile
Sandro Bassili	Chief Software	Profile
Maria Costa	Chief Officer	Profile
Lia Matos	Chief Strategy Officer	Profile
Joao Bernartt	Chief Officer	Profile
Roberta Noronha	Head Relations	Profile
Natan Gorin	Head Platform	Profile

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