Carlyle Secured Correlations

CGBD Stock

USD 16.68 0.16 0.97%

The current 90-days correlation between Carlyle Secured Lending and Fidus Investment Corp is 0.14 (i.e., Average diversification). The correlation of Carlyle Secured 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 Secured Correlation With Market

Modest diversification

The correlation between Carlyle Secured Lending and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carlyle Secured Lending 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 Secured Lending. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Carlyle Stock

0.81	ECPG	Encore Capital Group	Pair Corr
0.87	AXP	American Express	Pair Corr
0.62	CNF	CNFinance Holdings	Pair Corr
0.63	COF	Capital One Financial	Pair Corr
0.69	DFS	Discover Financial	Pair Corr
0.9	SYF	Synchrony Financial	Pair Corr
0.66	PFSI	PennyMac Finl Svcs	Pair Corr
0.8	PYPL	PayPal Holdings Sell-off Trend	Pair Corr
0.62	ALLY	Ally Financial Normal Trading	Pair Corr
0.82	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.62	BITF	Bitfarms Aggressive Push	Pair Corr
0.73	AX	Axos Financial	Pair Corr
0.81	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.89	BX	Blackstone Group	Pair Corr
0.65	BY	Byline Bancorp	Pair Corr
0.91	CG	Carlyle Group Normal Trading	Pair Corr
0.82	CM	Canadian Imperial Bank	Pair Corr

Moving against Carlyle Stock

0.75	RENEW	Cartesian Growth	Pair Corr
0.73	LU	Lufax Holding	Pair Corr
0.7	DB	Deutsche Bank AG	Pair Corr
0.65	CB	Chubb Sell-off Trend	Pair Corr
0.6	LX	Lexinfintech Holdings	Pair Corr
0.56	HG	Hamilton Insurance Group,	Pair Corr
0.37	GL	Globe Life	Pair Corr

Related Correlations Analysis

	TSLX	GBDC	FDUS	NMFC	HTGC	TCPC	TRIN	TPVG
TSLX		0.72	0.78	0.68	0.43	0.09	0.9	0.61	TSLX
GBDC	0.72		0.81	0.88	0.81	0.6	0.56	0.72	GBDC
FDUS	0.78	0.81		0.83	0.73	0.52	0.71	0.88	FDUS
NMFC	0.68	0.88	0.83		0.77	0.68	0.53	0.69	NMFC
HTGC	0.43	0.81	0.73	0.77		0.82	0.21	0.76	HTGC
TCPC	0.09	0.6	0.52	0.68	0.82		-0.12	0.54	TCPC
TRIN	0.9	0.56	0.71	0.53	0.21	-0.12		0.52	TRIN
TPVG	0.61	0.72	0.88	0.69	0.76	0.54	0.52		TPVG
	TSLX	GBDC	FDUS	NMFC	HTGC	TCPC	TRIN	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

TRIN	+ 0.9	TSLX
NMFC	+ 0.88	GBDC
TPVG	+ 0.88	FDUS
NMFC	+ 0.83	FDUS
TCPC	+ 0.82	HTGC
FDUS	+ 0.81	GBDC

High negative correlations

TRIN

- 0.12

TCPC

Risk-Adjusted Indicators

There is a big difference between Carlyle Stock performing well and Carlyle Secured 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 Secured'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
TSLX	0.71	0.17	0.21	0.45	0.67	(0.84)	1.73	(1.39)	4.64
GBDC	0.69	0.07	0.09	0.12	0.89	(0.71)	1.45	(1.78)	3.99
FDUS	0.80	0.02	0.05	0.33	1.00	(0.80)	1.62	(1.67)	4.07
NMFC	0.72	0.00	0.00	(0.03)	0.00	0.00	1.30	(1.82)	3.51
HTGC	1.07	0.06	0.04	0.06	1.59	(1.00)	2.01	(2.87)	6.52
TCPC	1.18	(0.11)	0.00	(0.23)	0.00	0.00	2.28	(2.62)	13.22
TRIN	0.94	0.20	0.22	(1.15)	0.85	(1.04)	2.10	(1.70)	7.32
TPVG	1.44	(0.05)	0.00	(0.15)	0.00	0.00	3.25	(2.50)	11.80

Carlyle Secured Corporate Management

Michael Hadley	VP Underwriting	Profile
Inoki Suarez	Managing Strategies	Profile
CFA CFA	VP MD	Profile
Jason Zhao	TCG Associate	Profile
Daniel CFA	Managing Credit	Profile
Allison Rudary	Investor Head	Profile
Desiree Annunziato	Principal Treasurer	Profile

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