Sturm Ruger Correlations

RGR Stock

USD 29.94 0.35 1.18%

The current 90-days correlation between Sturm Ruger and Gamma Communications plc is 0.05 (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

Good diversification

The correlation between Sturm Ruger and DJI is -0.01 (i.e., Good 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 rate.

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

Moving together with Sturm Stock

0.79	JAKK	JAKKS Pacific	Pair Corr
0.79	SLF	Sun Life Financial	Pair Corr
0.77	TSAT	Telesat Corp	Pair Corr
0.75	BLNK	Blink Charging	Pair Corr

Moving against Sturm Stock

0.83	002614	Xiamen Comfort Scien	Pair Corr
0.74	605299	Shuhua Sports	Pair Corr
0.63	GAW	Games Workshop Group	Pair Corr
0.62	603787	Jiangsu Xinri E	Pair Corr
0.38	002348	Goldlok Toys Holdings	Pair Corr
0.32	TOY	Spin Master Corp	Pair Corr
0.75	300247	Youngy Health	Pair Corr
0.73	HBIO	Harvard Bioscience	Pair Corr
0.72	SNDX	Syndax Pharmaceuticals	Pair Corr
0.67	CLLFF	Collins Foods Limited Earnings Call This Week	Pair Corr
0.56	GLUC	Glucose Health	Pair Corr
0.46	THS	Treehouse Foods	Pair Corr
0.44	MRK	Merck Company Aggressive Push	Pair Corr
0.91	SEB	Seaboard	Pair Corr
0.65	VTAGY	Vantage Towers AG	Pair Corr

Related Correlations Analysis

	PWWRF	SNGNF	TETEF	GAMCF	TVCE	CCTTF	FULO	CVWFF
PWWRF		0.0	1.0	0.0	1.0	1.0	0.0	0.0	PWWRF
SNGNF	0.0		0.0	-0.07	0.0	0.0	0.12	-0.67	SNGNF
TETEF	1.0	0.0		0.0	1.0	1.0	0.0	0.0	TETEF
GAMCF	0.0	-0.07	0.0		0.0	0.0	-0.43	-0.02	GAMCF
TVCE	1.0	0.0	1.0	0.0		1.0	0.0	0.0	TVCE
CCTTF	1.0	0.0	1.0	0.0	1.0		0.0	0.0	CCTTF
FULO	0.0	0.12	0.0	-0.43	0.0	0.0		-0.2	FULO
CVWFF	0.0	-0.67	0.0	-0.02	0.0	0.0	-0.2		CVWFF
	PWWRF	SNGNF	TETEF	GAMCF	TVCE	CCTTF	FULO	CVWFF

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

TETEF	+ 1.0	PWWRF
TVCE	+ 1.0	PWWRF
CCTTF	+ 1.0	PWWRF
TVCE	+ 1.0	TETEF
CCTTF	+ 1.0	TETEF
CCTTF	+ 1.0	TVCE

High negative correlations

CVWFF	- 0.67	SNGNF
FULO	- 0.43	GAMCF
CVWFF	- 0.2	FULO
GAMCF	- 0.07	SNGNF
CVWFF	- 0.02	GAMCF
CVWFF	- 0.0	CCTTF

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
PWWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNGNF	1.57	0.24	0.03	(0.81)	2.39	(2.83)	4.58	(6.41)	12.51
TETEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAMCF	0.02	0.00	0.00	0.85	0.00	0.00	0.00	0.00	0.77
TVCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FULO	1.82	(0.17)	0.00	0.84	0.00	0.00	5.26	(5.00)	19.13
CVWFF	1.36	(0.26)	0.00	0.90	0.00	0.00	2.78	(5.41)	18.74

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