Stepstone Correlations

STEP Stock

USD 61.26 1.55 2.47%

The current 90-days correlation between Stepstone Group and Hamilton Lane is 0.77 (i.e., Poor diversification). 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 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.

Stepstone Correlation With Market

Poor diversification

The correlation between Stepstone Group and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stepstone Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stepstone Stock

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

Moving together with Stepstone Stock

0.67	V	Visa Class A Earnings Call This Week	Pair Corr
0.76	GS	Goldman Sachs Group	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.83	AXP	American Express	Pair Corr
0.8	COF	Capital One Financial Earnings Call Today	Pair Corr
0.7	SCM	Stellus Capital Inve	Pair Corr
0.71	GAIN	Gladstone Investment	Pair Corr
0.81	GLAD	Gladstone Capital	Pair Corr
0.67	HTGC	Hercules Capital	Pair Corr
0.66	MAIN	Main Street Capital	Pair Corr
0.71	OPFI	OppFi Inc	Pair Corr
0.78	PFLT	PennantPark Floating Rate	Pair Corr
0.84	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.74	ALLY	Ally Financial	Pair Corr
0.82	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.74	TPVG	Triplepoint Venture	Pair Corr
0.78	TSLX	Sixth Street Specialty	Pair Corr
0.69	CSWC	Capital Southwest	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.78	L	Loews Corp Earnings Call This Week	Pair Corr
0.82	DHIL	Diamond Hill Investment	Pair Corr
0.82	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.8	AC	Associated Capital	Pair Corr
0.82	AX	Axos Financial Earnings Call This Week	Pair Corr
0.89	BK	Bank of New York	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group	Pair Corr
0.82	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.81	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.81	CM	Canadian Imperial Bank	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.75	HG	Hamilton Insurance Group,	Pair Corr
0.67	IX	Orix Corp Ads	Pair Corr

Moving against Stepstone Stock

0.71	FG	FG Annuities Life	Pair Corr
0.54	EG	Everest Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	HLNE	AAMI	NOAH	ALTI	VCTR	SNEX
HLNE		-0.07	-0.31	-0.39	0.16	0.27	HLNE
AAMI	-0.07		0.9	0.87	0.84	0.69	AAMI
NOAH	-0.31	0.9		0.95	0.8	0.5	NOAH
ALTI	-0.39	0.87	0.95		0.74	0.44	ALTI
VCTR	0.16	0.84	0.8	0.74		0.49	VCTR
SNEX	0.27	0.69	0.5	0.44	0.49		SNEX
	HLNE	AAMI	NOAH	ALTI	VCTR	SNEX

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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

ALTI	+ 0.95	NOAH
NOAH	+ 0.9	AAMI
ALTI	+ 0.87	AAMI
VCTR	+ 0.84	AAMI
VCTR	+ 0.8	NOAH
VCTR	+ 0.74	ALTI

High negative correlations

ALTI	- 0.39	HLNE
NOAH	- 0.31	HLNE
AAMI	- 0.07	HLNE

Risk-Adjusted Indicators

There is a big difference between Stepstone Stock performing well and Stepstone 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 Stepstone'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
HLNE	1.91	(0.10)	0.00	0.08	3.03	(1.91)	4.35	(4.60)	17.38
AAMI	1.26	0.47	0.34	0.61	0.80	(1.57)	3.33	(1.89)	6.92
NOAH	1.82	0.59	0.27	1.72	1.46	(2.21)	5.34	(2.52)	13.60
ALTI	1.89	0.38	0.15	0.85	1.72	(2.44)	5.12	(2.89)	11.30
VCTR	1.51	0.40	0.12	(0.90)	1.29	(1.67)	3.79	(2.70)	9.03
SNEX	1.40	0.17	0.07	0.34	1.82	(1.42)	2.63	(2.43)	11.37

Stepstone Corporate Management

Bendukai JD	Chief Counsel	Profile
David Jeffrey	Head Bus	Profile
Johnny Randel	Chief Officer	Profile
John Coelho	Partner	Profile
Maribel Yoo	Vice Marketing	Profile

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