Sturm Ruger Correlations

RGR Stock

USD 37.18 0.75 2.06%

The current 90-days correlation between Sturm Ruger and Ehang Holdings is 0.08 (i.e., Significant 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

Modest diversification

The correlation between Sturm Ruger and DJI is 0.27 (i.e., Modest 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 together with Sturm Stock

0.83	603579	Shanghai Rongtai Health	Pair Corr
0.7	PTON	Peloton Interactive Aggressive Push	Pair Corr
0.66	002605	Shanghai Yaoji Playing	Pair Corr

Moving against Sturm Stock

0.7	GAW	Games Workshop Group Earnings Call This Week	Pair Corr
0.69	300247	Youngy Health	Pair Corr
0.62	MODG	Callaway Golf	Pair Corr
0.6	YETI	YETI Holdings	Pair Corr
0.57	002348	Goldlok Toys Holdings	Pair Corr
0.51	605299	Shuhua Sports	Pair Corr
0.42	603787	Jiangsu Xinri E	Pair Corr
0.4	CLAR	Clarus Corp	Pair Corr
0.32	ICE	Canlan Ice Sports	Pair Corr
0.75	LOCO	El Pollo Loco	Pair Corr
0.75	85855CAE0	STLA 6375 12	Pair Corr
0.68	FYBR	Frontier Communications	Pair Corr
0.65	ACLLF	Atco	Pair Corr
0.64	CRS	Carpenter Technology	Pair Corr
0.6	DNGFF	Dongfang Electric	Pair Corr
0.48	KGC	Kinross Gold Aggressive Push	Pair Corr
0.35	SSEA	Starry Sea Acquisition	Pair Corr
0.79	JOE	St Joe Company	Pair Corr
0.77	PAOG	Pao Group	Pair Corr

Related Correlations Analysis

	EH	SKYH	NPK	TATT	SNCY	VSTS	GHM	TRNS	LGMK	LTBR
EH		0.79	0.36	-0.06	-0.8	-0.85	-0.18	0.78	0.8	0.96	EH
SKYH	0.79		0.39	-0.03	-0.46	-0.55	0.0	0.66	0.72	0.82	SKYH
NPK	0.36	0.39		0.62	0.09	-0.13	0.72	0.69	0.29	0.36	NPK
TATT	-0.06	-0.03	0.62		0.38	0.15	0.71	0.26	-0.19	-0.05	TATT
SNCY	-0.8	-0.46	0.09	0.38		0.9	0.57	-0.49	-0.71	-0.75	SNCY
VSTS	-0.85	-0.55	-0.13	0.15	0.9		0.33	-0.57	-0.75	-0.79	VSTS
GHM	-0.18	0.0	0.72	0.71	0.57	0.33		0.16	-0.28	-0.15	GHM
TRNS	0.78	0.66	0.69	0.26	-0.49	-0.57	0.16		0.7	0.79	TRNS
LGMK	0.8	0.72	0.29	-0.19	-0.71	-0.75	-0.28	0.7		0.77	LGMK
LTBR	0.96	0.82	0.36	-0.05	-0.75	-0.79	-0.15	0.79	0.77		LTBR
	EH	SKYH	NPK	TATT	SNCY	VSTS	GHM	TRNS	LGMK	LTBR

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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

LTBR	+ 0.96	EH
VSTS	+ 0.9	SNCY
LTBR	+ 0.82	SKYH
LGMK	+ 0.8	EH
SKYH	+ 0.79	EH
LTBR	+ 0.79	TRNS

High negative correlations

VSTS	- 0.85	EH
SNCY	- 0.8	EH
LTBR	- 0.79	VSTS
LGMK	- 0.75	VSTS
LTBR	- 0.75	SNCY
LGMK	- 0.71	SNCY

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
EH	2.03	(0.46)	0.00	(0.43)	0.00	0.00	4.67	(4.44)	14.52
SKYH	1.84	(0.25)	0.00	(0.05)	0.00	0.00	4.47	(3.99)	12.01
NPK	1.45	0.08	0.02	0.25	2.08	(1.49)	2.67	(2.71)	10.36
TATT	2.37	0.21	0.07	0.22	3.04	(2.36)	5.38	(3.92)	13.51
SNCY	2.22	0.49	0.20	0.46	1.99	(2.56)	5.53	(4.25)	13.97
VSTS	2.62	0.52	0.14	0.69	3.15	(2.90)	6.21	(6.30)	18.68
GHM	2.50	0.24	0.08	0.25	2.95	(2.46)	5.13	(4.93)	12.20
TRNS	2.45	(0.18)	0.00	(0.04)	0.00	0.00	6.16	(3.69)	17.88
LGMK	7.46	(1.25)	0.00	(0.86)	0.00	0.00	16.67	(17.91)	57.77
LTBR	5.21	(0.89)	0.00	(0.14)	0.00	0.00	9.65	(10.77)	32.51

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