StoneCo Correlations

STNE Stock

USD 11.53 0.55 5.01%

The current 90-days correlation between StoneCo and Dlocal is 0.35 (i.e., Weak diversification). The correlation of StoneCo 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.

StoneCo Correlation With Market

Very weak diversification

The correlation between StoneCo and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding StoneCo 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 StoneCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade StoneCo Stock refer to our How to Trade StoneCo Stock guide.

Moving together with StoneCo Stock

0.84	VRSN	VeriSign	Pair Corr
0.63	HCP	Hashicorp	Pair Corr
0.68	XNET	Xunlei Ltd Adr	Pair Corr

Moving against StoneCo Stock

0.76	VRAR	Glimpse Group	Pair Corr
0.67	VRNT	Verint Systems	Pair Corr
0.66	AI	C3 Ai Inc	Pair Corr
0.59	DVLT	Datavault AI Symbol Change	Pair Corr
0.58	S	SentinelOne Sell-off Trend	Pair Corr
0.56	VRNS	Varonis Systems	Pair Corr
0.41	VERI	Veritone	Pair Corr
0.31	DOCN	DigitalOcean Holdings	Pair Corr
0.83	FAAS	DigiAsia Corp	Pair Corr
0.82	FMTO	Femto Technologies Symbol Change	Pair Corr
0.72	FAASW	DigiAsia Corp	Pair Corr
0.66	FLYW	Flywire Corp	Pair Corr
0.65	FIVN	Five9 Inc	Pair Corr
0.61	MDB	MongoDB	Pair Corr
0.51	DLO	Dlocal	Pair Corr
0.44	DBX	Dropbox	Pair Corr
0.38	IOT	Samsara	Pair Corr
0.31	BOX	Box Inc	Pair Corr
0.76	WIX	WixCom	Pair Corr
0.73	RPD	Rapid7 Inc	Pair Corr
0.7	TDC	Teradata Corp	Pair Corr
0.69	OLB	OLB Group	Pair Corr
0.65	TLS	Telos Corp	Pair Corr
0.62	RXT	Rackspace Technology	Pair Corr

Related Correlations Analysis

	DLO	NEWR	NTNX	EGIO	PAGS	MQ	CFLT	SPLK	PANW	CRWD
DLO		0.0	0.14	0.0	-0.23	-0.55	0.78	0.0	0.68	0.75	DLO
NEWR	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEWR
NTNX	0.14	0.0		0.0	0.36	0.54	0.52	0.0	0.62	0.46	NTNX
EGIO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EGIO
PAGS	-0.23	0.0	0.36	0.0		0.44	-0.11	0.0	0.13	0.23	PAGS
MQ	-0.55	0.0	0.54	0.0	0.44		-0.25	0.0	-0.06	-0.25	MQ
CFLT	0.78	0.0	0.52	0.0	-0.11	-0.25		0.0	0.88	0.78	CFLT
SPLK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SPLK
PANW	0.68	0.0	0.62	0.0	0.13	-0.06	0.88	0.0		0.83	PANW
CRWD	0.75	0.0	0.46	0.0	0.23	-0.25	0.78	0.0	0.83		CRWD
	DLO	NEWR	NTNX	EGIO	PAGS	MQ	CFLT	SPLK	PANW	CRWD

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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

PANW	+ 0.88	CFLT
CRWD	+ 0.83	PANW
CFLT	+ 0.78	DLO
CRWD	+ 0.78	CFLT
CRWD	+ 0.75	DLO
PANW	+ 0.68	DLO

High negative correlations

MQ	- 0.55	DLO
CRWD	- 0.25	MQ
CFLT	- 0.25	MQ
PAGS	- 0.23	DLO
CFLT	- 0.11	PAGS
PANW	- 0.06	MQ

Risk-Adjusted Indicators

There is a big difference between StoneCo Stock performing well and StoneCo 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 StoneCo'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
DLO	3.01	(0.19)	0.00	(0.26)	0.00	0.00	4.74	(5.03)	39.00
NEWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTNX	2.36	0.11	0.00	(0.01)	0.00	0.00	4.46	(7.44)	20.06
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAGS	2.75	0.51	0.17	0.39	2.66	(2.99)	7.54	(4.29)	15.77
MQ	2.30	0.13	0.04	0.05	2.82	(2.59)	4.40	(5.87)	28.14
CFLT	3.54	(0.17)	0.00	(0.18)	0.00	0.00	7.71	(7.17)	37.15
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PANW	1.96	0.08	0.00	(0.03)	0.00	0.00	3.51	(3.92)	16.18
CRWD	2.89	0.28	0.06	0.08	3.47	(3.14)	6.38	(6.49)	18.78

StoneCo Corporate Management

Thiago Piau	Chief Officer	Profile
Sandro Bassili	Chief Software	Profile
Maria Costa	Chief Officer	Profile
Lia Matos	Chief Strategy Officer	Profile
Joao Bernartt	Chief Officer	Profile
Roberta Noronha	Head Relations	Profile
Mateus Biselli	Chief Business	Profile

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