StoneCo Correlations

STNE Stock

USD 13.67 1.24 8.32%

The current 90-days correlation between StoneCo and PagSeguro Digital is 0.87 (i.e., Very poor 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

Weak diversification

The correlation between StoneCo and DJI is 0.31 (i.e., 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.

Build AI portfolio with StoneCo Stock

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

0.72	BB	BlackBerry	Pair Corr
0.66	JG	Aurora Mobile	Pair Corr
0.74	MQ	Marqeta	Pair Corr
0.82	NN	Nextnav Acquisition Corp	Pair Corr
0.78	ZS	Zscaler	Pair Corr
0.74	VRNS	Varonis Systems	Pair Corr
0.73	VRNT	Verint Systems	Pair Corr
0.69	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.72	FFIV	F5 Networks	Pair Corr
0.69	FLYW	Flywire Corp	Pair Corr
0.77	FOUR	Shift4 Payments	Pair Corr
0.63	DLO	Dlocal	Pair Corr
0.69	GEN	Gen Digital	Pair Corr
0.7	MDB	MongoDB	Pair Corr
0.75	NET	Cloudflare	Pair Corr
0.63	ODD	ODDITY Tech	Pair Corr
0.74	PGY	Pagaya Technologies Trending	Pair Corr

Moving against StoneCo Stock

0.64	VERI	Veritone Tech Boost	Pair Corr
0.42	EXOD	Exodus Movement, Tech Boost	Pair Corr

Related Correlations Analysis

	PAGS	DLO	PATH	NET	AFRM	DDOG	FSLY	ZS	MELI
PAGS		-0.18	0.16	-0.09	0.14	0.0	-0.04	0.02	0.11	PAGS
DLO	-0.18		0.73	0.9	0.72	0.84	0.64	0.8	0.79	DLO
PATH	0.16	0.73		0.76	0.64	0.72	0.87	0.73	0.86	PATH
NET	-0.09	0.9	0.76		0.89	0.93	0.62	0.96	0.71	NET
AFRM	0.14	0.72	0.64	0.89		0.93	0.41	0.89	0.47	AFRM
DDOG	0.0	0.84	0.72	0.93	0.93		0.5	0.88	0.61	DDOG
FSLY	-0.04	0.64	0.87	0.62	0.41	0.5		0.56	0.84	FSLY
ZS	0.02	0.8	0.73	0.96	0.89	0.88	0.56		0.64	ZS
MELI	0.11	0.79	0.86	0.71	0.47	0.61	0.84	0.64		MELI
	PAGS	DLO	PATH	NET	AFRM	DDOG	FSLY	ZS	MELI

Click cells to compare fundamentals

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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

ZS	+ 0.96	NET
DDOG	+ 0.93	NET
DDOG	+ 0.93	AFRM
NET	+ 0.9	DLO
AFRM	+ 0.89	NET
ZS	+ 0.89	AFRM

High negative correlations

DLO	- 0.18	PAGS
NET	- 0.09	PAGS
FSLY	- 0.04	PAGS
DDOG	- 0.0	PAGS

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
PAGS	2.29	(0.16)	(0.05)	(0.01)	2.73	(2.81)	6.40	(4.69)	18.29
DLO	1.86	0.27	0.16	0.34	1.62	(2.12)	4.67	(2.49)	14.78
PATH	1.61	0.11	0.06	0.23	1.84	(1.77)	3.82	(3.30)	10.88
NET	1.74	0.82	0.29	0.92	1.78	(2.04)	5.61	(4.95)	13.55
AFRM	2.87	0.56	0.17	0.37	3.79	(3.13)	5.76	(5.03)	24.28
DDOG	1.75	0.58	0.35	0.68	1.19	(2.19)	4.17	(2.24)	19.16
FSLY	2.48	0.27	0.11	0.28	2.79	(2.76)	5.47	(3.73)	36.37
ZS	1.32	0.48	0.24	0.79	1.31	(1.57)	3.61	(2.11)	16.21
MELI	1.48	0.18	0.07	0.41	1.63	(1.57)	3.49	(3.03)	10.83

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
Natan Gorin	Head Platform	Profile

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