Capital Southwest Correlations

CSWC Stock

USD 22.30 0.08 0.36%

The current 90-days correlation between Capital Southwest and Oxford Lane Capital is -0.04 (i.e., Good diversification). The correlation of Capital Southwest 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.

Capital Southwest Correlation With Market

Good diversification

The correlation between Capital Southwest and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Southwest 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 Capital Southwest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

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

Moving together with Capital Stock

0.82	V	Visa Class A	Pair Corr
0.7	MA	Mastercard Sell-off Trend	Pair Corr
0.73	PT	Pintec Technology	Pair Corr
0.78	TWO	Two Harbors Investments	Pair Corr
0.63	BBUC	Brookfield Business Corp	Pair Corr
0.83	COOP	Mr Cooper Group	Pair Corr
0.65	C	Citigroup Aggressive Push	Pair Corr
0.69	AC	Associated Capital	Pair Corr
0.84	BK	Bank of New York	Pair Corr
0.76	GL	Globe Life	Pair Corr

Moving against Capital Stock

0.64	WD	Walker Dunlop	Pair Corr
0.61	VEL	Velocity Financial Llc	Pair Corr
0.54	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.53	DHIL	Diamond Hill Investment	Pair Corr
0.34	AX	Axos Financial	Pair Corr
0.31	BX	Blackstone Group Normal Trading	Pair Corr
0.8	VALU	Value Line	Pair Corr
0.54	EG	Everest Group	Pair Corr
0.54	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.54	WT	WisdomTree	Pair Corr
0.43	VABK	Virginia National	Pair Corr
0.41	IX	Orix Corp Ads	Pair Corr
0.35	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	OXLC	XFLT	CRF	CLM	CGBD	TSLX	HTGC	TCPC	TRIN	ARCC
OXLC		0.6	0.55	0.61	0.49	0.16	0.62	0.66	0.07	0.5	OXLC
XFLT	0.6		0.68	0.61	0.58	-0.41	0.36	0.52	-0.42	0.09	XFLT
CRF	0.55	0.68		0.97	0.69	-0.28	0.6	0.72	-0.38	0.27	CRF
CLM	0.61	0.61	0.97		0.71	-0.08	0.71	0.74	-0.18	0.45	CLM
CGBD	0.49	0.58	0.69	0.71		-0.06	0.68	0.64	-0.17	0.59	CGBD
TSLX	0.16	-0.41	-0.28	-0.08	-0.06		0.49	0.13	0.9	0.7	TSLX
HTGC	0.62	0.36	0.6	0.71	0.68	0.49		0.77	0.28	0.79	HTGC
TCPC	0.66	0.52	0.72	0.74	0.64	0.13	0.77		-0.05	0.54	TCPC
TRIN	0.07	-0.42	-0.38	-0.18	-0.17	0.9	0.28	-0.05		0.57	TRIN
ARCC	0.5	0.09	0.27	0.45	0.59	0.7	0.79	0.54	0.57		ARCC
	OXLC	XFLT	CRF	CLM	CGBD	TSLX	HTGC	TCPC	TRIN	ARCC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CLM	+ 0.97	CRF
TRIN	+ 0.9	TSLX
ARCC	+ 0.79	HTGC
TCPC	+ 0.77	HTGC
TCPC	+ 0.74	CLM
TCPC	+ 0.72	CRF

High negative correlations

TRIN	- 0.42	XFLT
TSLX	- 0.41	XFLT
TRIN	- 0.38	CRF
TSLX	- 0.28	CRF
TRIN	- 0.18	CLM
TRIN	- 0.17	CGBD

Risk-Adjusted Indicators

There is a big difference between Capital Stock performing well and Capital Southwest 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 Capital Southwest'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
OXLC	0.72	(0.14)	0.00	(0.41)	0.00	0.00	1.04	(1.47)	7.71
XFLT	0.70	(0.10)	0.00	(25.13)	0.00	0.00	1.25	(1.71)	5.36
CRF	1.11	(0.14)	0.00	(0.25)	0.00	0.00	1.64	(3.36)	11.53
CLM	0.93	(0.09)	0.00	(0.20)	0.00	0.00	1.39	(3.07)	9.55
CGBD	0.94	(0.05)	0.00	0.10	0.00	0.00	1.86	(1.87)	5.90
TSLX	0.71	0.16	0.22	0.35	0.71	(0.82)	1.73	(1.39)	4.64
HTGC	1.08	0.05	0.05	0.01	1.55	(1.03)	2.01	(2.87)	6.52
TCPC	1.23	(0.20)	0.00	0.93	0.00	0.00	2.28	(3.27)	13.22
TRIN	0.95	0.20	0.26	(1.12)	0.86	(1.04)	2.10	(1.70)	7.32
ARCC	0.85	0.04	0.09	0.72	1.11	(0.85)	1.53	(1.94)	5.67

Capital Southwest Corporate Management

Tabitha Geiger	Chief Officer	Profile
Chris Rehberger	Executive Treasurer	Profile
Joshua CFA	Managing Director	Profile
Grant Eason	Principal	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC