StepStone Group Inc. Class A Common Stock (STEP) — Stock Correlations & Overview
Over the past year, STEP has moved most closely with GPZ, KKR, LBO. Explore the stocks most correlated and inversely correlated with STEP below, along with its price, financials, and company profile.
Stocks correlated with STEP
Correlation of daily returns. Higher positive values move with STEP; negative values move opposite it. Informational only, not investment advice.
Most correlated with STEP
| Symbol | Company | Correlation |
|---|---|---|
| GPZ | VanEck Alternative Asset Manager ETF | 0.78 |
| KKR | KKR & Co. Inc.INVESTMENT ADVICE | 0.75 |
| LBO | WHITEWOLF Publicly Listed Private Equity ETF | 0.74 |
| HLNE | Hamilton Lane Incorporated Class A Common StockINVESTMENT ADVICE | 0.73 |
| KCE | State Street SPDR S&P Capital Markets ETF | 0.72 |
Frequently asked questions about STEP correlations
- Which stocks are most correlated with STEP?
- Based on one year of daily returns, the stocks most correlated with StepStone Group Inc. Class A Common Stock (STEP) are GPZ (0.78), KKR (0.75) and LBO (0.74). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with STEP?
- Over the past year, the stocks most inversely correlated with StepStone Group Inc. Class A Common Stock (STEP) are FAZ (-0.53), SKF (-0.52) and SEF (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these STEP correlations calculated?
- We compute the correlation of daily returns between STEP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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