Gladstone Capital Correlations

GLAD Stock

USD 27.33 0.12 0.44%

The current 90-days correlation between Gladstone Capital and PennantPark Floating Rate is 0.46 (i.e., Very weak diversification). The correlation of Gladstone Capital 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.

Gladstone Capital Correlation With Market

Weak diversification

The correlation between Gladstone Capital and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gladstone Capital 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 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 nation.

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

Moving together with Gladstone Stock

0.8	AXP	American Express	Pair Corr
0.78	CNF	CNFinance Holdings	Pair Corr
0.8	COF	Capital One Financial	Pair Corr
0.83	DFS	Discover Financial	Pair Corr
0.66	SYF	Synchrony Financial	Pair Corr
0.72	PFSI	PennyMac Finl Svcs	Pair Corr
0.81	ALLY	Ally Financial	Pair Corr
0.65	SOFI	SoFi Technologies	Pair Corr
0.81	C	Citigroup	Pair Corr
0.76	BN	Brookfield Corp	Pair Corr
0.8	CG	Carlyle Group	Pair Corr

Moving against Gladstone Stock

0.6	RENEW	Cartesian Growth	Pair Corr
0.53	CB	Chubb	Pair Corr
0.34	HG	Hamilton Insurance Group,	Pair Corr
0.31	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	MAIN	PFLT	HRZN	PSEC	GAIN	SCM	WHF	FDUS
MAIN		0.66	0.72	0.44	0.6	0.81	0.57	0.87	MAIN
PFLT	0.66		0.84	0.75	0.75	0.85	0.63	0.75	PFLT
HRZN	0.72	0.84		0.66	0.8	0.93	0.72	0.83	HRZN
PSEC	0.44	0.75	0.66		0.69	0.68	0.64	0.63	PSEC
GAIN	0.6	0.75	0.8	0.69		0.83	0.77	0.77	GAIN
SCM	0.81	0.85	0.93	0.68	0.83		0.83	0.94	SCM
WHF	0.57	0.63	0.72	0.64	0.77	0.83		0.81	WHF
FDUS	0.87	0.75	0.83	0.63	0.77	0.94	0.81		FDUS
	MAIN	PFLT	HRZN	PSEC	GAIN	SCM	WHF	FDUS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gladstone Stock performing well and Gladstone Capital 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 Capital'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
MAIN	1.03	0.13	0.11	0.13	1.23	(1.04)	2.09	(1.96)	6.72
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
PSEC	0.84	(0.03)	0.00	(0.14)	0.00	0.00	2.09	(1.64)	6.62
GAIN	0.98	0.06	0.07	0.03	1.08	(1.14)	2.21	(1.81)	6.57
SCM	0.87	0.10	0.06	0.27	1.89	(0.79)	1.51	(1.23)	10.22
WHF	1.10	(0.01)	0.00	(0.10)	0.00	0.00	1.92	(2.50)	7.44
FDUS	0.80	0.06	0.08	0.03	1.00	(0.80)	1.62	(1.67)	4.07

Gladstone Capital Corporate Management

CPA Dellafiora	Chief Officer	Profile
Christopher Lee	Managing Equity	Profile
JD Esq	General Secretary	Profile
Nicole CPA	CFO Treasurer	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