Gladstone Investment Correlations

GAINN Stock

USD 24.57 0.07 0.29%

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

Significant diversification

The correlation between Gladstone Investment and DJI is 0.02 (i.e., Significant 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 board of governors.

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

Moving together with Gladstone Stock

0.62	ATCO-PD	Atlas Corp	Pair Corr
0.62	OAK-PA	Oaktree Capital Group	Pair Corr
0.63	GGT-PE	The Gabelli Multimedia	Pair Corr
0.72	ECF-PA	Ellsworth Growth	Pair Corr

Moving against Gladstone Stock

0.46	BXLC	Bexil Cp	Pair Corr
0.46	TRAC	Track Data	Pair Corr
0.38	JPPYY	Jupai Holdings	Pair Corr
0.38	CIXXF	CI Financial Corp	Pair Corr
0.34	SVVC	Firsthand Technology	Pair Corr
0.43	IX	Orix Corp Ads	Pair Corr
0.42	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	PSEC-PA	STT-PG	OCCIM	OCCIN	OCCIO	GECCO	ATCO-PD	ATCO-PH	CNS	EQS
PSEC-PA		0.64	-0.31	0.33	0.27	0.32	0.38	0.28	0.38	0.18	PSEC-PA
STT-PG	0.64		-0.51	0.1	0.12	0.19	0.3	0.19	0.08	0.19	STT-PG
OCCIM	-0.31	-0.51		-0.31	-0.37	-0.49	-0.26	-0.22	-0.03	0.24	OCCIM
OCCIN	0.33	0.1	-0.31		0.91	0.78	0.86	0.89	0.84	-0.59	OCCIN
OCCIO	0.27	0.12	-0.37	0.91		0.78	0.79	0.82	0.78	-0.61	OCCIO
GECCO	0.32	0.19	-0.49	0.78	0.78		0.74	0.67	0.67	-0.43	GECCO
ATCO-PD	0.38	0.3	-0.26	0.86	0.79	0.74		0.89	0.85	-0.42	ATCO-PD
ATCO-PH	0.28	0.19	-0.22	0.89	0.82	0.67	0.89		0.82	-0.52	ATCO-PH
CNS	0.38	0.08	-0.03	0.84	0.78	0.67	0.85	0.82		-0.42	CNS
EQS	0.18	0.19	0.24	-0.59	-0.61	-0.43	-0.42	-0.52	-0.42		EQS
	PSEC-PA	STT-PG	OCCIM	OCCIN	OCCIO	GECCO	ATCO-PD	ATCO-PH	CNS	EQS

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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

OCCIO	+ 0.91	OCCIN
ATCO-PH	+ 0.89	OCCIN
ATCO-PH	+ 0.89	ATCO-PD
ATCO-PD	+ 0.86	OCCIN
CNS	+ 0.85	ATCO-PD
CNS	+ 0.84	OCCIN

High negative correlations

EQS	- 0.61	OCCIO
EQS	- 0.59	OCCIN
EQS	- 0.52	ATCO-PH
OCCIM	- 0.51	STT-PG
GECCO	- 0.49	OCCIM
EQS	- 0.43	GECCO

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
PSEC-PA	1.50	0.03	(0.03)	0.21	2.06	(1.62)	3.20	(3.92)	10.33
STT-PG	0.35	(0.01)	(0.28)	(0.11)	0.40	(0.35)	0.81	(0.64)	1.83
OCCIM	0.20	0.04	(0.33)	0.85	0.00	(0.26)	0.52	(0.28)	1.05
OCCIN	0.20	0.06	(0.21)	(0.61)	0.00	(0.26)	0.55	(0.47)	1.47
OCCIO	0.34	0.03	(0.17)	0.49	0.29	(0.42)	0.98	(0.64)	2.08
GECCO	0.26	0.03	(0.24)	(0.10)	0.25	(0.50)	0.90	(0.64)	2.43
ATCO-PD	0.32	0.03	(0.18)	(2.81)	0.41	(0.33)	0.64	(0.60)	2.16
ATCO-PH	0.30	0.03	(0.17)	(1.45)	0.38	(0.30)	0.62	(0.64)	2.27
CNS	1.26	0.15	0.12	0.24	1.15	(1.39)	3.03	(2.50)	6.76
EQS	2.31	(0.17)	0.00	(0.29)	0.00	0.00	6.67	(5.11)	16.09

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