Hercules Capital Correlations

HCXY Stock

USD 25.39 0.39 1.56%

The current 90-days correlation between Hercules Capital and Eagle Point Credit is 0.02 (i.e., Significant diversification). The correlation of Hercules 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Hercules Capital Correlation With Market

Good diversification

The correlation between Hercules Capital and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hercules 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 Hercules 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 interest.

For more information on how to buy Hercules Stock please use our How to Invest in Hercules Capital guide.

Moving together with Hercules Stock

0.65

MGR

Affiliated Managers

Pair Corr

Moving against Hercules Stock

0.65	PRE	Prenetics Global	Pair Corr
0.61	JNVR	Janover Common Stock	Pair Corr
0.43	STSSW	Sharps Technology Warrant	Pair Corr
0.43	JKHY	Jack Henry Associates	Pair Corr
0.33	BKKT	Bakkt Holdings	Pair Corr

Related Correlations Analysis

	ECCX	CMSC	GPJA	ARGD	ENBA
ECCX		-0.26	0.74	-0.32	0.0	ECCX
CMSC	-0.26		0.33	0.3	0.0	CMSC
GPJA	0.74	0.33		-0.05	0.0	GPJA
ARGD	-0.32	0.3	-0.05		0.0	ARGD
ENBA	0.0	0.0	0.0	0.0		ENBA
	ECCX	CMSC	GPJA	ARGD	ENBA

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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

GPJA	+ 0.74	ECCX
GPJA	+ 0.33	CMSC
ARGD	+ 0.3	CMSC
ENBA	+ 0.0	ECCX
ENBA	+ 0.0	CMSC
ENBA	+ 0.0	GPJA

High negative correlations

ARGD	- 0.32	ECCX
CMSC	- 0.26	ECCX
ARGD	- 0.05	GPJA
ENBA	- 0.0	ARGD
ENBA	- 0.0	GPJA
ENBA	- 0.0	CMSC

Risk-Adjusted Indicators

There is a big difference between Hercules Stock performing well and Hercules 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 Hercules 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
ECCX	0.33	0.02	0.06	0.14	0.37	(0.37)	0.70	(0.69)	1.66
CMSC	0.43	(0.04)	0.00	(0.14)	0.00	0.00	1.27	(0.86)	2.68
GPJA	0.72	0.05	0.06	0.11	0.77	(0.80)	1.81	(1.31)	5.00
ARGD	0.59	0.02	0.04	0.09	0.70	(0.62)	1.10	(1.23)	4.37
ENBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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