Stepstone Group Stock Market Value
| STEP Stock | USD 64.72 0.75 1.17% |
| Symbol | Stepstone |
Stepstone Group Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stepstone. If investors know Stepstone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stepstone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.39) | Dividend Share 0.87 | Earnings Share 0.61 | Revenue Per Share | Quarterly Revenue Growth 0.419 |
The market value of Stepstone Group is measured differently than its book value, which is the value of Stepstone that is recorded on the company's balance sheet. Investors also form their own opinion of Stepstone's value that differs from its market value or its book value, called intrinsic value, which is Stepstone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stepstone's market value can be influenced by many factors that don't directly affect Stepstone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stepstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stepstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stepstone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Stepstone 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Stepstone's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Stepstone.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Stepstone on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Stepstone Group or generate 0.0% return on investment in Stepstone over 30 days. Stepstone is related to or competes with Munivest Fund, Blackrock Muniyield, Federated Investors, Federated Premier, Blackrock Muniyield, Diamond Hill, and NXG NextGen. StepStone Group Inc. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indire... More
Stepstone Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Stepstone's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Stepstone Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.0019 | |||
| Maximum Drawdown | 18.64 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.09 |
Stepstone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stepstone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stepstone's standard deviation. In reality, there are many statistical measures that can use Stepstone historical prices to predict the future Stepstone's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.0217 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0019 | |||
| Treynor Ratio | 0.1165 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stepstone's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Stepstone Group Backtested Returns
Currently, Stepstone Group is very steady. Stepstone Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0716, which indicates the firm had a 0.0716 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Stepstone Group, which you can use to evaluate the volatility of the company. Please validate Stepstone's Coefficient Of Variation of 2454.23, risk adjusted performance of 0.0408, and Semi Deviation of 2.49 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Stepstone has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Stepstone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stepstone is expected to be smaller as well. Stepstone Group right now has a risk of 2.68%. Please validate Stepstone potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Stepstone will be following its existing price patterns.
Auto-correlation | 0.24 |
Weak predictability
Stepstone Group has weak predictability. Overlapping area represents the amount of predictability between Stepstone time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Stepstone Group price movement. The serial correlation of 0.24 indicates that over 24.0% of current Stepstone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
Stepstone Group lagged returns against current returns
Autocorrelation, which is Stepstone stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Stepstone's stock expected returns. We can calculate the autocorrelation of Stepstone returns to help us make a trade decision. For example, suppose you find that Stepstone has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Stepstone regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Stepstone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stepstone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stepstone stock over time.
Current vs Lagged Prices |
| Timeline |
Stepstone Lagged Returns
When evaluating Stepstone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stepstone stock have on its future price. Stepstone autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Stepstone autocorrelation shows the relationship between Stepstone stock current value and its past values and can show if there is a momentum factor associated with investing in Stepstone Group.
Regressed Prices |
| Timeline |
Pair Trading with Stepstone
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Stepstone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Stepstone will appreciate offsetting losses from the drop in the long position's value.Moving together with Stepstone Stock
The ability to find closely correlated positions to Stepstone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stepstone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Stepstone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Stepstone Group to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stepstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stepstone Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Stepstone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Stepstone Stock Analysis
When running Stepstone's price analysis, check to measure Stepstone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stepstone is operating at the current time. Most of Stepstone's value examination focuses on studying past and present price action to predict the probability of Stepstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stepstone's price. Additionally, you may evaluate how the addition of Stepstone to your portfolios can decrease your overall portfolio volatility.