Ares Capital Correlations

ARCC Stock

USD 21.73 0.02 0.09%

The current 90-days correlation between Ares Capital and Triplepoint Venture Growth is 0.55 (i.e., Very weak diversification). The correlation of Ares Capital 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.

Ares Capital Correlation With Market

Very weak diversification

The correlation between Ares Capital and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ares Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ares Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Ares Stock refer to our How to Trade Ares Stock guide.

Moving together with Ares Stock

0.66	V	Visa Class A Sell-off Trend	Pair Corr
0.66	MA	Mastercard	Pair Corr
0.72	MS	Morgan Stanley	Pair Corr
0.79	COF	Capital One Financial	Pair Corr
0.76	OPFI	OppFi Inc	Pair Corr
0.69	ALLY	Ally Financial Normal Trading	Pair Corr
0.75	COOP	Mr Cooper Group	Pair Corr
0.86	C	Citigroup Aggressive Push	Pair Corr
0.83	BK	Bank of New York	Pair Corr
0.68	GL	Globe Life	Pair Corr
0.79	GS	Goldman Sachs Group	Pair Corr

Moving against Ares Stock

0.78	VEL	Velocity Financial Llc	Pair Corr
0.44	DHIL	Diamond Hill Investment	Pair Corr
0.37	WD	Walker Dunlop	Pair Corr
0.67	VALU	Value Line	Pair Corr
0.49	VABK	Virginia National	Pair Corr
0.43	TW	Tradeweb Markets Normal Trading	Pair Corr
0.35	IX	Orix Corp Ads	Pair Corr
0.34	WT	WisdomTree	Pair Corr
0.32	EG	Everest Group	Pair Corr

Related Correlations Analysis

	TPVG	TSLX	MAIN	CSWC	GAIN	PFLT	PSEC	HTGC	GLAD	HRZN
TPVG		0.65	0.78	0.75	0.66	0.67	0.58	0.81	0.67	0.74	TPVG
TSLX	0.65		0.67	0.86	0.82	0.89	0.68	0.52	0.31	0.87	TSLX
MAIN	0.78	0.67		0.77	0.55	0.7	0.37	0.91	0.84	0.71	MAIN
CSWC	0.75	0.86	0.77		0.81	0.88	0.69	0.67	0.44	0.9	CSWC
GAIN	0.66	0.82	0.55	0.81		0.71	0.7	0.51	0.26	0.79	GAIN
PFLT	0.67	0.89	0.7	0.88	0.71		0.72	0.53	0.45	0.84	PFLT
PSEC	0.58	0.68	0.37	0.69	0.7	0.72		0.35	0.2	0.65	PSEC
HTGC	0.81	0.52	0.91	0.67	0.51	0.53	0.35		0.84	0.64	HTGC
GLAD	0.67	0.31	0.84	0.44	0.26	0.45	0.2	0.84		0.39	GLAD
HRZN	0.74	0.87	0.71	0.9	0.79	0.84	0.65	0.64	0.39		HRZN
	TPVG	TSLX	MAIN	CSWC	GAIN	PFLT	PSEC	HTGC	GLAD	HRZN

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Risk-Adjusted Indicators

There is a big difference between Ares Stock performing well and Ares Capital 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 Ares Capital'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
TPVG	1.47	(0.02)	0.00	(0.11)	0.00	0.00	3.25	(2.50)	11.80
TSLX	0.71	0.15	0.21	0.31	0.71	(0.83)	1.73	(1.39)	4.64
MAIN	1.03	0.16	0.13	0.16	1.26	(1.00)	2.09	(1.97)	6.72
CSWC	0.85	0.08	0.11	0.08	0.99	(0.93)	1.55	(1.75)	4.47
GAIN	0.97	0.05	0.07	0.00	1.08	(1.16)	2.21	(1.81)	6.57
PFLT	0.66	0.10	0.16	0.14	0.81	(0.70)	1.45	(1.28)	4.56
PSEC	0.85	0.01	0.00	(0.04)	0.00	0.00	2.09	(1.64)	6.62
HTGC	1.07	0.04	0.04	(0.01)	1.56	(1.01)	2.01	(2.87)	6.52
GLAD	1.07	0.07	0.07	0.05	1.38	(0.99)	2.28	(1.90)	5.90
HRZN	1.09	0.08	0.05	0.45	2.39	(1.05)	1.99	(1.27)	12.67

Ares Capital Corporate Management

CPA CPA	CoPres	Profile
Michael Dieber	Partner	Profile
Mark Affolter	Partner	Profile
Won Cho	Chief Officer	Profile

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