FS KKR Correlations

FSK Stock

USD 20.47 0.05 0.24%

The current 90-days correlation between FS KKR Capital and Golub Capital BDC is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FS KKR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FS KKR Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FS KKR Correlation With Market

Very weak diversification

The correlation between FS KKR Capital and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FS KKR Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FS KKR 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 state.

Moving together with FSK Stock

0.83	V	Visa Class A Sell-off Trend	Pair Corr
0.86	MA	Mastercard	Pair Corr
0.71	MS	Morgan Stanley	Pair Corr
0.81	COF	Capital One Financial	Pair Corr
0.73	OPFI	OppFi Inc	Pair Corr
0.65	ALLY	Ally Financial Normal Trading	Pair Corr
0.82	COOP	Mr Cooper Group	Pair Corr
0.84	C	Citigroup Aggressive Push	Pair Corr
0.73	AC	Associated Capital	Pair Corr
0.87	BK	Bank of New York	Pair Corr
0.63	GL	Globe Life	Pair Corr
0.82	GS	Goldman Sachs Group	Pair Corr

Moving against FSK Stock

0.65	VEL	Velocity Financial Llc	Pair Corr
0.42	DHIL	Diamond Hill Investment	Pair Corr
0.41	WD	Walker Dunlop	Pair Corr
0.71	VALU	Value Line	Pair Corr
0.62	EG	Everest Group	Pair Corr
0.52	TW	Tradeweb Markets Normal Trading	Pair Corr
0.42	IX	Orix Corp Ads	Pair Corr
0.31	VABK	Virginia National	Pair Corr

Related Correlations Analysis

	TCPC	TPVG	TSLX	GBDC	NMFC	CGBD	HTGC	TRIN	ARCC	MAIN
TCPC		0.6	0.12	0.6	0.7	0.64	0.77	-0.05	0.54	0.58	TCPC
TPVG	0.6		0.65	0.79	0.71	0.47	0.81	0.5	0.83	0.78	TPVG
TSLX	0.12	0.65		0.74	0.68	-0.03	0.52	0.93	0.71	0.67	TSLX
GBDC	0.6	0.79	0.74		0.86	0.4	0.85	0.62	0.87	0.89	GBDC
NMFC	0.7	0.71	0.68	0.86		0.27	0.75	0.55	0.68	0.7	NMFC
CGBD	0.64	0.47	-0.03	0.4	0.27		0.71	-0.17	0.59	0.64	CGBD
HTGC	0.77	0.81	0.52	0.85	0.75	0.71		0.35	0.85	0.91	HTGC
TRIN	-0.05	0.5	0.93	0.62	0.55	-0.17	0.35		0.57	0.56	TRIN
ARCC	0.54	0.83	0.71	0.87	0.68	0.59	0.85	0.57		0.93	ARCC
MAIN	0.58	0.78	0.67	0.89	0.7	0.64	0.91	0.56	0.93		MAIN
	TCPC	TPVG	TSLX	GBDC	NMFC	CGBD	HTGC	TRIN	ARCC	MAIN

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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	+ 0.93	TSLX
MAIN	+ 0.93	ARCC
MAIN	+ 0.91	HTGC
MAIN	+ 0.89	GBDC
ARCC	+ 0.87	GBDC
NMFC	+ 0.86	GBDC

High negative correlations

TRIN	- 0.17	CGBD
TRIN	- 0.05	TCPC
CGBD	- 0.03	TSLX

Risk-Adjusted Indicators

There is a big difference between FSK Stock performing well and FS KKR 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 FS KKR'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	1.23	(0.14)	0.00	(0.33)	0.00	0.00	2.28	(3.27)	13.22
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
GBDC	0.69	0.06	0.11	0.06	0.88	(0.73)	1.45	(1.78)	3.99
NMFC	0.72	0.02	0.00	(0.03)	0.00	0.00	1.30	(1.82)	3.51
CGBD	0.94	0.00	0.00	(0.07)	0.00	0.00	1.86	(1.87)	5.90
HTGC	1.07	0.04	0.04	(0.01)	1.56	(1.01)	2.01	(2.87)	6.52
TRIN	0.95	0.26	0.26	0.38	0.86	(1.04)	2.10	(1.70)	7.32
ARCC	0.85	0.08	0.09	0.07	1.11	(0.85)	1.53	(1.94)	5.67
MAIN	1.03	0.16	0.13	0.16	1.26	(1.00)	2.09	(1.97)	6.72

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