STORE Capital Correlations
| STORDelisted Stock | USD 32.21 0.00 0.00% |
The current 90-days correlation between STORE Capital Corp and Perseus Mining Limited is -0.09 (i.e., Good diversification). The correlation of STORE Capital 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.
STORE Capital Correlation With Market
Good diversification
The correlation between STORE Capital Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STORE Capital Corp and DJI in the same portfolio, assuming nothing else is changed.
STORE |
Moving together with STORE Stock
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.66 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against STORE Stock
| 0.53 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.49 | AWCMY | Alumina Limited PK | PairCorr |
| 0.44 | INBX | Inhibrx Symbol Change | PairCorr |
| 0.43 | OPINL | Office Properties Income | PairCorr |
| 0.42 | LNDNF | Lundin Energy AB | PairCorr |
| 0.4 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.34 | BKLRF | Berkeley Energy | PairCorr |
| 0.32 | GMNFF | GobiMin | PairCorr |
Related Correlations Analysis
| 0.71 | 0.22 | -0.21 | 0.74 | 0.74 | 0.0 | CQP | ||
| 0.71 | 0.46 | 0.36 | 0.96 | 0.91 | 0.0 | VST | ||
| 0.22 | 0.46 | 0.47 | 0.46 | 0.46 | 0.0 | HIHO | ||
| -0.21 | 0.36 | 0.47 | 0.27 | 0.28 | 0.0 | PMNXF | ||
| 0.74 | 0.96 | 0.46 | 0.27 | 0.87 | 0.0 | CNP | ||
| 0.74 | 0.91 | 0.46 | 0.28 | 0.87 | 0.0 | GEV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GTCDF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between STORE Stock performing well and STORE Capital 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 STORE Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CQP | 1.03 | 0.20 | 0.09 | 1.20 | 0.98 | 2.28 | 4.67 | |||
| VST | 3.06 | 0.88 | 0.27 | 0.64 | 2.92 | 6.32 | 22.81 | |||
| HIHO | 1.84 | 0.14 | 0.02 | 0.48 | 3.03 | 2.73 | 41.88 | |||
| PMNXF | 2.48 | 0.13 | (0.02) | (0.06) | 3.44 | 6.32 | 20.57 | |||
| CNP | 0.88 | 0.27 | 0.12 | (6.03) | 0.95 | 1.80 | 5.92 | |||
| GEV | 1.91 | 0.79 | 0.42 | 0.62 | 1.38 | 5.04 | 14.24 | |||
| GTCDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
STORE Capital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with STORE Capital stock to make a market-neutral strategy. Peer analysis of STORE Capital could also be used in its relative valuation, which is a method of valuing STORE Capital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in STORE Capital Corp?
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