Hamilton Lane Correlations

HLNE Stock

USD 150.57 5.83 4.03%

The correlation of Hamilton Lane 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.

Hamilton Lane Correlation With Market

Good diversification

The correlation between Hamilton Lane and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hamilton Lane 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 Hamilton Lane. 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 information on how to trade Hamilton Stock refer to our How to Trade Hamilton Stock guide.

Moving together with Hamilton Stock

0.79	BN	Brookfield Corp	Pair Corr
0.62	CG	Carlyle Group	Pair Corr
0.72	PX	P10 Inc	Pair Corr
0.69	MFIC	MidCap Financial Inv	Pair Corr
0.73	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.76	VINP	Vinci Partners Inves	Pair Corr
0.65	MRCC	Monroe Capital Corp	Pair Corr
0.67	NMFC	New Mountain Finance	Pair Corr
0.84	NTRS	Northern Trust	Pair Corr
0.61	FDUS	Fidus Investment Corp	Pair Corr
0.68	AMP	Ameriprise Financial	Pair Corr
0.79	BAM	Brookfield Asset Man	Pair Corr
0.65	BEN	Franklin Resources	Pair Corr

Moving against Hamilton Stock

0.4

OFS

OFS Capital Corp Normal Trading

Pair Corr

Related Correlations Analysis

	BSIG	NOAH	AVTA	ALTI	MYD	MUI	MQY	MYI	MUE	MHD
BSIG		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BSIG
NOAH	0.0		0.0	-0.17	0.12	0.22	0.26	0.11	0.12	0.09	NOAH
AVTA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AVTA
ALTI	0.0	-0.17	0.0		-0.62	0.2	-0.64	-0.37	-0.51	-0.49	ALTI
MYD	0.0	0.12	0.0	-0.62		-0.18	0.9	0.9	0.95	0.96	MYD
MUI	0.0	0.22	0.0	0.2	-0.18		-0.14	-0.2	-0.1	-0.09	MUI
MQY	0.0	0.26	0.0	-0.64	0.9	-0.14		0.77	0.92	0.85	MQY
MYI	0.0	0.11	0.0	-0.37	0.9	-0.2	0.77		0.9	0.9	MYI
MUE	0.0	0.12	0.0	-0.51	0.95	-0.1	0.92	0.9		0.95	MUE
MHD	0.0	0.09	0.0	-0.49	0.96	-0.09	0.85	0.9	0.95		MHD
	BSIG	NOAH	AVTA	ALTI	MYD	MUI	MQY	MYI	MUE	MHD

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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

MHD	+ 0.96	MYD
MUE	+ 0.95	MYD
MHD	+ 0.95	MUE
MUE	+ 0.92	MQY
MQY	+ 0.9	MYD
MYI	+ 0.9	MYD

High negative correlations

MQY	- 0.64	ALTI
MYD	- 0.62	ALTI
MUE	- 0.51	ALTI
MHD	- 0.49	ALTI
MYI	- 0.37	ALTI
MYI	- 0.2	MUI

Risk-Adjusted Indicators

There is a big difference between Hamilton Stock performing well and Hamilton Lane 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 Hamilton Lane'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
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOAH	1.90	0.00	0.04	(0.08)	2.43	(1.99)	3.79	(3.98)	10.41
AVTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALTI	2.61	(0.53)	0.00	11.88	0.00	0.00	3.97	(6.80)	18.00
MYD	0.47	(0.08)	0.00	(0.56)	0.00	0.00	0.97	(1.06)	2.63
MUI	0.39	(0.03)	0.00	17.39	0.00	0.00	0.58	(1.01)	3.07
MQY	0.51	(0.11)	0.00	(0.49)	0.00	0.00	0.96	(1.18)	2.85
MYI	0.50	(0.05)	0.00	(0.24)	0.00	0.00	0.83	(1.09)	3.13
MUE	0.55	(0.09)	0.00	(0.41)	0.00	0.00	0.99	(1.25)	2.77
MHD	0.51	(0.09)	0.00	(0.70)	0.00	0.00	0.94	(1.05)	2.80

Hamilton Lane Corporate Management

Sarah JD	Senior Investment	Profile
Miguel Luina	Managing Investments	Profile
Andrea Kramer	Chief Officer	Profile
Griffith Norville	MD Solutions	Profile
Richard Hope	Head Investments	Profile
Lydia JD	General Secretary	Profile

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