Stevanato Group Correlations

STVN Stock

USD 20.03 0.03 0.15%

The current 90-days correlation between Stevanato Group SpA and Haemonetics is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stevanato Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stevanato Group SpA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stevanato Group Correlation With Market

Modest diversification

The correlation between Stevanato Group SpA and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stevanato Group SpA and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stevanato Group SpA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Stevanato Stock

0.61

ENOV

Enovis Corp

Pair Corr

Moving against Stevanato Stock

0.38	EW	Edwards Lifesciences Corp	Pair Corr
0.32	BSX	Boston Scientific Corp	Pair Corr
0.32	EQ	Equillium	Pair Corr

Related Correlations Analysis

	HAE	MMSI	ANGO	ATR	NVST	ICUI	COO	TFX	WST	ALC
HAE		0.79	0.0	0.59	0.65	-0.12	-0.53	-0.77	0.59	-0.71	HAE
MMSI	0.79		0.2	0.53	0.79	-0.23	-0.4	-0.81	0.65	-0.73	MMSI
ANGO	0.0	0.2		-0.38	0.06	-0.2	0.21	0.24	0.29	0.28	ANGO
ATR	0.59	0.53	-0.38		0.71	0.2	-0.4	-0.79	0.52	-0.7	ATR
NVST	0.65	0.79	0.06	0.71		-0.1	-0.42	-0.83	0.66	-0.68	NVST
ICUI	-0.12	-0.23	-0.2	0.2	-0.1		0.48	0.22	-0.28	0.36	ICUI
COO	-0.53	-0.4	0.21	-0.4	-0.42	0.48		0.66	-0.36	0.72	COO
TFX	-0.77	-0.81	0.24	-0.79	-0.83	0.22	0.66		-0.64	0.92	TFX
WST	0.59	0.65	0.29	0.52	0.66	-0.28	-0.36	-0.64		-0.56	WST
ALC	-0.71	-0.73	0.28	-0.7	-0.68	0.36	0.72	0.92	-0.56		ALC
	HAE	MMSI	ANGO	ATR	NVST	ICUI	COO	TFX	WST	ALC

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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

ALC	+ 0.92	TFX
MMSI	+ 0.79	HAE
NVST	+ 0.79	MMSI
ALC	+ 0.72	COO
NVST	+ 0.71	ATR
WST	+ 0.66	NVST

High negative correlations

TFX	- 0.83	NVST
TFX	- 0.81	MMSI
TFX	- 0.79	ATR
TFX	- 0.77	HAE
ALC	- 0.73	MMSI
ALC	- 0.71	HAE

Risk-Adjusted Indicators

There is a big difference between Stevanato Stock performing well and Stevanato Group 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 Stevanato Group'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
HAE	1.49	0.10	0.07	0.21	1.30	(1.80)	4.24	(2.10)	14.50
MMSI	0.87	0.09	0.03	0.30	0.77	(0.95)	2.11	(1.23)	6.42
ANGO	2.10	(0.24)	0.00	(0.02)	0.00	0.00	3.71	(4.03)	18.73
ATR	0.70	0.12	0.06	0.30	0.88	(0.75)	1.47	(1.37)	7.86
NVST	1.87	0.20	0.09	0.40	1.73	(2.23)	3.96	(2.68)	13.77
ICUI	1.26	(0.15)	0.00	(0.03)	0.00	0.00	2.77	(2.50)	10.44
COO	0.89	0.10	0.03	0.39	0.86	(0.96)	1.53	(1.64)	13.98
TFX	1.18	(0.42)	0.00	(0.41)	0.00	0.00	1.71	(1.92)	17.00
WST	1.80	0.01	0.01	0.12	2.07	(2.05)	4.50	(3.02)	22.42
ALC	0.84	(0.18)	0.00	(0.30)	0.00	0.00	1.69	(2.03)	8.43

Stevanato Group Corporate Management

Paolo Patri	Chief Officer	Profile
Lisa Miles	Senior Relations	Profile
Lorenzo Bendinelli	Chief Officer	Profile
Marco Lago	Chief Officer	Profile
Mauro Stocchi	Chief Officer	Profile
Paolo Fabritiis	Chief Officer	Profile

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