Gladstone Investment Correlations

Stocks . USA . 
Stock . Gladstone Investment
GAINZ Stock  USD 23.42  0.07  0.30%   
The current 90-days correlation between Gladstone Investment and Gladstone Investment is 0.03 (i.e., Significant diversification). The correlation of Gladstone Investment 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Gladstone Investment Correlation With Market

Significant diversification

The correlation between Gladstone Investment and DJI is 0.08 (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.
For more information on how to buy Gladstone Stock please use our How to Invest in Gladstone Investment guide.

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Related Correlations Analysis

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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.

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