Hamilton Lane Correlations

HLNE Stock

USD 154.64 4.46 2.80%

The current 90-days correlation between Hamilton Lane and Stepstone Group is 0.76 (i.e., Poor diversification). The correlation of Hamilton Lane 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.

Hamilton Lane Correlation With Market

Poor diversification

The correlation between Hamilton Lane and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hamilton Lane and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Hamilton Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hamilton Lane. 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 Hamilton Stock refer to our How to Trade Hamilton Stock guide.

Related Correlations Analysis

	STEP	MVF	MQY	FHI	CSW	HLI	SFBS
STEP		-0.23	0.58	0.88	0.08	0.91	0.8	STEP
MVF	-0.23		0.33	-0.36	0.76	-0.45	-0.37	MVF
MQY	0.58	0.33		0.67	0.27	0.58	0.65	MQY
FHI	0.88	-0.36	0.67		-0.21	0.97	0.92	FHI
CSW	0.08	0.76	0.27	-0.21		-0.19	-0.13	CSW
HLI	0.91	-0.45	0.58	0.97	-0.19		0.92	HLI
SFBS	0.8	-0.37	0.65	0.92	-0.13	0.92		SFBS
	STEP	MVF	MQY	FHI	CSW	HLI	SFBS

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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

HLI	+ 0.97	FHI
SFBS	+ 0.92	FHI
SFBS	+ 0.92	HLI
HLI	+ 0.91	STEP
FHI	+ 0.88	STEP
SFBS	+ 0.8	STEP

High negative correlations

HLI	- 0.45	MVF
SFBS	- 0.37	MVF
FHI	- 0.36	MVF
MVF	- 0.23	STEP
CSW	- 0.21	FHI
HLI	- 0.19	CSW

Risk-Adjusted Indicators

There is a big difference between Hamilton Stock performing well and Hamilton Lane 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 Hamilton Lane'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
STEP	1.69	0.27	0.19	0.31	1.39	(2.04)	4.17	(2.18)	10.44
MVF	0.47	(0.08)	0.00	(0.14)	0.00	0.00	1.05	(1.20)	3.01
MQY	0.43	(0.03)	(0.18)	0.04	0.56	(0.51)	1.01	(0.91)	3.60
FHI	0.92	0.22	0.16	0.38	0.96	(1.05)	2.30	(1.63)	7.44
CSW	1.56	(0.23)	0.00	(0.04)	0.00	0.00	3.32	(3.15)	10.03
HLI	1.06	0.23	0.20	0.35	0.84	(1.28)	2.66	(2.01)	9.17
SFBS	1.31	0.14	0.11	0.26	1.20	(1.59)	2.94	(1.97)	9.46

Hamilton Lane Corporate Management

Sarah JD	Senior Investment	Profile
Miguel Luina	Managing Investments	Profile
Andrea Kramer	Chief Officer	Profile
Griffith Norville	MD Solutions	Profile
Richard Hope	Head Investments	Profile
Lydia JD	General Secretary	Profile

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