Stem Correlations

STEM Stock

USD 0.39 0.04 9.30%

The current 90-days correlation between Stem Inc and GigaCloud Technology Class is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stem Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stem Correlation With Market

Significant diversification

The correlation between Stem Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stem Inc 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 Stem Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against Stem Stock

0.49	AY	Atlantica Sustainable	Pair Corr
0.42	ADN	Advent Technologies Downward Rally	Pair Corr
0.33	HLGN	Heliogen	Pair Corr
0.32	GEV	GE Vernova LLC	Pair Corr
0.5	CWEN	Clearway Energy Class	Pair Corr
0.41	G	Genpact Limited	Pair Corr
0.36	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.35	AL	Air Lease	Pair Corr
0.35	CR	Crane Company	Pair Corr
0.33	BE	Bloom Energy Corp	Pair Corr
0.32	R	Ryder System	Pair Corr

Related Correlations Analysis

	SPLK	PANW	CRWD	NET	PLTR	ZS	PATH	OKTA	GCT	IRNT
SPLK		0.77	0.84	0.81	0.77	0.76	0.48	0.05	0.78	-0.85	SPLK
PANW	0.77		0.87	0.87	0.86	0.89	0.67	0.26	0.44	-0.67	PANW
CRWD	0.84	0.87		0.94	0.94	0.88	0.74	0.15	0.57	-0.72	CRWD
NET	0.81	0.87	0.94		0.87	0.86	0.78	0.19	0.54	-0.76	NET
PLTR	0.77	0.86	0.94	0.87		0.79	0.7	0.08	0.46	-0.63	PLTR
ZS	0.76	0.89	0.88	0.86	0.79		0.7	0.44	0.45	-0.65	ZS
PATH	0.48	0.67	0.74	0.78	0.7	0.7		0.37	0.35	-0.54	PATH
OKTA	0.05	0.26	0.15	0.19	0.08	0.44	0.37		-0.07	-0.01	OKTA
GCT	0.78	0.44	0.57	0.54	0.46	0.45	0.35	-0.07		-0.81	GCT
IRNT	-0.85	-0.67	-0.72	-0.76	-0.63	-0.65	-0.54	-0.01	-0.81		IRNT
	SPLK	PANW	CRWD	NET	PLTR	ZS	PATH	OKTA	GCT	IRNT

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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

NET	+ 0.94	CRWD
PLTR	+ 0.94	CRWD
ZS	+ 0.89	PANW
ZS	+ 0.88	CRWD
CRWD	+ 0.87	PANW
NET	+ 0.87	PANW

High negative correlations

IRNT	- 0.85	SPLK
IRNT	- 0.81	GCT
IRNT	- 0.76	NET
IRNT	- 0.72	CRWD
IRNT	- 0.67	PANW
IRNT	- 0.65	ZS

Risk-Adjusted Indicators

There is a big difference between Stem Stock performing well and Stem 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 Stem'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
SPLK	1.63	0.20	0.03	(1.43)	1.70	(1.91)	4.36	(3.33)	10.70
PANW	1.40	0.00	0.02	0.13	1.89	(1.39)	2.45	(3.03)	9.85
CRWD	2.01	0.22	0.14	0.27	1.88	(2.26)	4.04	(3.44)	12.69
NET	2.01	0.15	0.11	0.21	1.83	(2.36)	5.47	(3.44)	13.45
PLTR	2.53	0.98	0.48	0.55	1.42	(2.97)	8.61	(2.80)	30.33
ZS	1.92	(0.03)	0.00	0.10	3.80	(1.91)	3.73	(3.37)	20.36
PATH	1.89	(0.06)	0.03	0.10	2.49	(1.95)	4.52	(3.82)	12.04
OKTA	1.48	(0.41)	0.00	(0.34)	0.00	0.00	2.39	(3.42)	17.64
GCT	4.73	0.33	0.07	0.36	4.69	(5.52)	9.70	(7.70)	30.15
IRNT	7.07	(0.25)	0.00	0.21	0.00	0.00	11.76	(13.04)	72.73

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