Carlyle Correlations

CG Stock

USD 51.77 0.74 1.45%

The current 90-days correlation between Carlyle Group and Ares Management LP is 0.73 (i.e., Poor diversification). The correlation of Carlyle 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.

Carlyle Correlation With Market

Weak diversification

The correlation between Carlyle Group and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carlyle Group 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 Carlyle Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Carlyle Stock

0.7	AXP	American Express	Pair Corr
0.64	COF	Capital One Financial	Pair Corr
0.65	DFS	Discover Financial	Pair Corr
0.84	SYF	Synchrony Financial	Pair Corr
0.71	ALLY	Ally Financial	Pair Corr
0.64	SOFI	SoFi Technologies Buyout Trend	Pair Corr
0.7	AB	AllianceBernstein	Pair Corr
0.63	BN	Brookfield Corp	Pair Corr

Related Correlations Analysis

	APO	BX	BAM	ARES	KKR	OWL	HLNE	BLK	TCPC	TPVG
APO		0.68	0.45	0.04	0.61	0.41	0.28	0.74	0.22	0.13	APO
BX	0.68		0.38	-0.18	0.73	0.33	0.71	0.6	0.11	0.41	BX
BAM	0.45	0.38		0.55	0.66	0.73	0.22	0.45	0.68	0.55	BAM
ARES	0.04	-0.18	0.55		0.37	0.78	-0.5	-0.06	0.68	0.32	ARES
KKR	0.61	0.73	0.66	0.37		0.71	0.38	0.57	0.34	0.53	KKR
OWL	0.41	0.33	0.73	0.78	0.71		-0.08	0.36	0.64	0.36	OWL
HLNE	0.28	0.71	0.22	-0.5	0.38	-0.08		0.37	-0.12	0.39	HLNE
BLK	0.74	0.6	0.45	-0.06	0.57	0.36	0.37		0.02	0.07	BLK
TCPC	0.22	0.11	0.68	0.68	0.34	0.64	-0.12	0.02		0.64	TCPC
TPVG	0.13	0.41	0.55	0.32	0.53	0.36	0.39	0.07	0.64		TPVG
	APO	BX	BAM	ARES	KKR	OWL	HLNE	BLK	TCPC	TPVG

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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

OWL	+ 0.78	ARES
BLK	+ 0.74	APO
KKR	+ 0.73	BX
OWL	+ 0.73	BAM
HLNE	+ 0.71	BX
OWL	+ 0.71	KKR

High negative correlations

HLNE	- 0.5	ARES
ARES	- 0.18	BX
TCPC	- 0.12	HLNE
HLNE	- 0.08	OWL
BLK	- 0.06	ARES

Risk-Adjusted Indicators

There is a big difference between Carlyle Stock performing well and Carlyle 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 Carlyle'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
APO	1.42	0.02	0.01	0.03	2.04	(1.30)	2.93	(3.19)	9.30
BX	1.49	(0.09)	0.00	(0.09)	0.00	0.00	2.72	(2.98)	11.08
BAM	1.40	0.11	0.05	0.14	2.05	(1.48)	3.18	(2.74)	10.20
ARES	1.29	0.15	0.07	0.18	1.81	(1.22)	2.41	(2.92)	8.71
KKR	1.68	(0.11)	0.00	(0.09)	0.00	0.00	3.61	(3.70)	13.30
OWL	1.66	0.08	0.03	0.10	2.30	(1.66)	3.66	(3.50)	11.59
HLNE	1.62	(0.31)	0.00	(0.30)	0.00	0.00	3.44	(3.68)	11.33
BLK	1.02	(0.09)	0.00	(0.10)	0.00	0.00	1.80	(2.76)	10.93
TCPC	1.11	0.18	0.11	0.68	1.41	(1.18)	2.31	(1.66)	8.00
TPVG	1.26	0.06	0.03	0.12	2.06	(1.23)	2.23	(2.11)	11.46

Carlyle Corporate Management

Amit Jain	Managing Advisors	Profile
Deborah Polites	Chief Officer	Profile
Sanket Patel	Principal CFO	Profile
Bruce Larson	Senior Advisor	Profile
Christopher Finn	Senior Advisor	Profile
MBA CFA	Chief Solutions	Profile
Charles Andrews	Chief Officer	Profile

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