Sturm Ruger Correlations

RGR Stock

USD 36.31 0.90 2.54%

The current 90-days correlation between Sturm Ruger and Smith Wesson Brands is 0.41 (i.e., Very weak diversification). The correlation of Sturm Ruger 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.

Sturm Ruger Correlation With Market

Weak diversification

The correlation between Sturm Ruger and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sturm Ruger and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sturm Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sturm Ruger. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Sturm Stock, please use our How to Invest in Sturm Ruger guide.

Moving against Sturm Stock

0.6	GIL	Gildan Activewear Earnings Call This Week	Pair Corr
0.52	RL	Ralph Lauren Corp	Pair Corr
0.52	FOSL	Fossil Group	Pair Corr
0.42	MAT	Mattel Inc	Pair Corr
0.4	HAS	Hasbro Inc	Pair Corr
0.4	KTB	Kontoor Brands Earnings Call This Week	Pair Corr
0.37	MHO	MI Homes Earnings Call This Week	Pair Corr
0.61	SKX	Skechers USA	Pair Corr
0.56	RCKY	Rocky Brands Earnings Call This Week	Pair Corr
0.45	TPR	Tapestry	Pair Corr
0.44	JRSH	Jerash Holdings	Pair Corr
0.44	LEVI	Levi Strauss	Pair Corr
0.34	GOOS	Canada Goose Holdings Earnings Call This Week	Pair Corr
0.32	LIVE	Live Ventures	Pair Corr
0.31	VFC	VF Corporation	Pair Corr
0.51	H	Hyatt Hotels Earnings Call Today	Pair Corr
0.49	IH	Ihuman Inc	Pair Corr
0.48	LI	Li Auto	Pair Corr
0.39	SONO	Sonos Inc	Pair Corr

Related Correlations Analysis

	SWBI	POWW	PKE	POWWP	NPK	OLN	PII	SPWH
SWBI		0.38	-0.59	-0.03	-0.54	-0.02	-0.43	-0.2	SWBI
POWW	0.38		-0.56	-0.46	-0.78	0.22	-0.78	-0.81	POWW
PKE	-0.59	-0.56		0.3	0.79	0.08	0.78	0.58	PKE
POWWP	-0.03	-0.46	0.3		0.39	-0.34	0.55	0.55	POWWP
NPK	-0.54	-0.78	0.79	0.39		0.22	0.9	0.86	NPK
OLN	-0.02	0.22	0.08	-0.34	0.22		0.18	0.01	OLN
PII	-0.43	-0.78	0.78	0.55	0.9	0.18		0.83	PII
SPWH	-0.2	-0.81	0.58	0.55	0.86	0.01	0.83		SPWH
	SWBI	POWW	PKE	POWWP	NPK	OLN	PII	SPWH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PII	+ 0.9	NPK
SPWH	+ 0.86	NPK
SPWH	+ 0.83	PII
NPK	+ 0.79	PKE
PII	+ 0.78	PKE
SPWH	+ 0.58	PKE

High negative correlations

SPWH	- 0.81	POWW
PII	- 0.78	POWW
NPK	- 0.78	POWW
PKE	- 0.59	SWBI
PKE	- 0.56	POWW
NPK	- 0.54	SWBI

Risk-Adjusted Indicators

There is a big difference between Sturm Stock performing well and Sturm Ruger 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 Sturm Ruger'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
SWBI	1.56	(0.27)	0.00	(0.11)	0.00	0.00	2.92	(2.60)	24.96
POWW	3.06	(0.36)	0.00	(0.01)	0.00	0.00	9.09	(6.90)	23.67
PKE	1.60	0.46	0.24	0.89	1.15	(1.97)	3.99	(2.39)	10.16
POWWP	1.14	0.10	(0.05)	1.54	1.64	(1.16)	2.72	(3.65)	9.84
NPK	1.54	0.35	0.09	8.92	1.37	(1.74)	3.90	(2.56)	11.05
OLN	2.36	0.16	(0.03)	(1.00)	2.33	(3.26)	5.46	(3.88)	12.30
PII	2.26	0.84	0.30	(2.84)	1.39	(2.86)	6.94	(3.10)	14.12
SPWH	3.88	1.23	0.30	1.35	3.30	(4.68)	11.38	(5.66)	25.26

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC