Gladstone Investment Correlations

GAIN Stock

USD 13.40 0.17 1.25%

The current 90-days correlation between Gladstone Investment and PennantPark Floating Rate is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gladstone Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gladstone Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gladstone Investment Correlation With Market

Very weak diversification

The correlation between Gladstone Investment and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gladstone Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gladstone Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Gladstone Stock, please use our How to Invest in Gladstone Investment guide.

Moving together with Gladstone Stock

0.88	V	Visa Class A	Pair Corr
0.81	MA	Mastercard Sell-off Trend	Pair Corr
0.69	WSBF	Waterstone Financial	Pair Corr
0.64	GDST	Goldenstone Acquisition	Pair Corr
0.76	SNFCA	Security National Earnings Call This Week	Pair Corr
0.86	BBDC	Barings BDC	Pair Corr
0.85	COOP	Mr Cooper Group	Pair Corr
0.73	AC	Associated Capital	Pair Corr
0.85	BK	Bank of New York	Pair Corr

Moving against Gladstone Stock

0.61	ORGN	Origin Materials	Pair Corr
0.49	WD	Walker Dunlop	Pair Corr
0.6	BITF	Bitfarms	Pair Corr
0.54	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.41	CODI	Compass Diversified	Pair Corr
0.37	DHIL	Diamond Hill Investment	Pair Corr
0.53	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.45	EG	Everest Group	Pair Corr
0.34	KB	KB Financial Group	Pair Corr
0.32	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	PFLT	HRZN	SCM	PSEC	ARCC	HTGC	GLAD	MAIN
PFLT		0.84	0.85	0.75	0.72	0.47	0.38	0.66	PFLT
HRZN	0.84		0.93	0.66	0.7	0.62	0.37	0.72	HRZN
SCM	0.85	0.93		0.68	0.83	0.75	0.52	0.81	SCM
PSEC	0.75	0.66	0.68		0.53	0.38	0.24	0.44	PSEC
ARCC	0.72	0.7	0.83	0.53		0.84	0.83	0.94	ARCC
HTGC	0.47	0.62	0.75	0.38	0.84		0.84	0.91	HTGC
GLAD	0.38	0.37	0.52	0.24	0.83	0.84		0.83	GLAD
MAIN	0.66	0.72	0.81	0.44	0.94	0.91	0.83		MAIN
	PFLT	HRZN	SCM	PSEC	ARCC	HTGC	GLAD	MAIN

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Risk-Adjusted Indicators

There is a big difference between Gladstone Stock performing well and Gladstone Investment 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 Gladstone Investment'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
PFLT	0.66	0.10	0.15	0.15	0.81	(0.70)	1.45	(1.28)	4.56
HRZN	1.08	0.08	0.05	0.50	2.34	(1.07)	1.99	(1.27)	12.67
SCM	0.87	0.10	0.06	0.27	1.89	(0.79)	1.51	(1.23)	10.22
PSEC	0.84	(0.03)	0.00	(0.14)	0.00	0.00	2.09	(1.64)	6.62
ARCC	0.85	0.07	0.08	0.06	1.11	(0.84)	1.53	(1.94)	5.67
HTGC	1.08	0.06	0.05	0.02	1.58	(1.02)	2.01	(2.87)	6.52
GLAD	1.06	0.04	0.05	0.00	1.40	(0.98)	2.28	(1.90)	5.90
MAIN	1.03	0.13	0.11	0.13	1.23	(1.04)	2.09	(1.96)	6.72

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