Crescent Capital Correlations

CCAP Stock

USD 17.63 0.11 0.62%

The current 90-days correlation between Crescent Capital BDC and BlackRock TCP Capital is 0.37 (i.e., Weak diversification). The correlation of Crescent 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Crescent Capital Correlation With Market

Poor diversification

The correlation between Crescent Capital BDC and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crescent Capital BDC 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 Crescent Capital BDC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Crescent Stock

0.9	ECPG	Encore Capital Group	Pair Corr
0.91	AXP	American Express Sell-off Trend	Pair Corr
0.66	COF	Capital One Financial	Pair Corr
0.67	DFS	Discover Financial	Pair Corr
0.92	SYF	Synchrony Financial	Pair Corr
0.74	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.71	ALLY	Ally Financial Normal Trading	Pair Corr
0.65	APAM	Artisan Partners Asset	Pair Corr
0.88	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.66	BITF	Bitfarms	Pair Corr
0.61	CODI	Compass Diversified	Pair Corr
0.75	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.84	AX	Axos Financial	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.85	BX	Blackstone Group Normal Trading	Pair Corr
0.83	BY	Byline Bancorp	Pair Corr
0.87	CG	Carlyle Group Normal Trading	Pair Corr
0.86	CM	Canadian Imperial Bank	Pair Corr

Moving against Crescent Stock

0.81	RENEW	Cartesian Growth	Pair Corr
0.77	CB	Chubb	Pair Corr
0.72	DB	Deutsche Bank AG	Pair Corr
0.71	LU	Lufax Holding	Pair Corr
0.66	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.56	LX	Lexinfintech Holdings	Pair Corr
0.39	GL	Globe Life	Pair Corr

Related Correlations Analysis

	TCPC	TPVG	TSLX	GBDC	NMFC	FDUS	CGBD	WHF	MRCC	PTMN
TCPC		0.6	0.09	0.6	0.68	0.56	0.69	0.38	0.78	0.61	TCPC
TPVG	0.6		0.65	0.82	0.71	0.88	0.49	0.68	0.79	0.62	TPVG
TSLX	0.09	0.65		0.73	0.67	0.8	-0.1	0.76	0.42	0.44	TSLX
GBDC	0.6	0.82	0.73		0.88	0.89	0.37	0.71	0.71	0.57	GBDC
NMFC	0.68	0.71	0.67	0.88		0.84	0.28	0.81	0.74	0.71	NMFC
FDUS	0.56	0.88	0.8	0.89	0.84		0.32	0.81	0.78	0.78	FDUS
CGBD	0.69	0.49	-0.1	0.37	0.28	0.32		0.07	0.63	0.26	CGBD
WHF	0.38	0.68	0.76	0.71	0.81	0.81	0.07		0.61	0.68	WHF
MRCC	0.78	0.79	0.42	0.71	0.74	0.78	0.63	0.61		0.7	MRCC
PTMN	0.61	0.62	0.44	0.57	0.71	0.78	0.26	0.68	0.7		PTMN
	TCPC	TPVG	TSLX	GBDC	NMFC	FDUS	CGBD	WHF	MRCC	PTMN

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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

FDUS	+ 0.89	GBDC
FDUS	+ 0.88	TPVG
NMFC	+ 0.88	GBDC
FDUS	+ 0.84	NMFC
GBDC	+ 0.82	TPVG
WHF	+ 0.81	NMFC

High negative correlations

CGBD

- 0.1

TSLX

Risk-Adjusted Indicators

There is a big difference between Crescent Stock performing well and Crescent 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 Crescent 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
TCPC	1.22	(0.16)	0.00	(0.36)	0.00	0.00	2.28	(3.27)	13.22
TPVG	1.44	(0.02)	0.00	(0.09)	0.00	0.00	3.25	(2.50)	11.80
TSLX	0.72	0.17	0.22	0.37	0.71	(0.84)	1.73	(1.39)	4.64
GBDC	0.69	0.07	0.11	0.09	0.89	(0.72)	1.45	(1.78)	3.99
NMFC	0.72	0.00	0.00	(0.06)	0.00	0.00	1.30	(1.82)	3.51
FDUS	0.80	0.06	0.08	0.03	1.00	(0.80)	1.62	(1.67)	4.07
CGBD	0.91	0.00	0.00	(0.07)	0.00	0.00	1.86	(1.87)	5.90
WHF	1.10	(0.01)	0.00	(0.10)	0.00	0.00	1.92	(2.50)	7.44
MRCC	0.87	(0.02)	0.00	(0.10)	0.00	0.00	1.46	(2.51)	7.09
PTMN	0.81	(0.11)	0.00	(0.37)	0.00	0.00	1.16	(2.36)	7.96

Crescent Capital Corporate Management

Daniel McMahon	Senior Relations	Profile
Gerhard Lombard	Chief Officer	Profile
Erik Barrios	Chief Officer	Profile
Raymond Barrios	Managing Director	Profile
George JD	Secretary Counsel	Profile
Kirill Bouek	Controller	Profile

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