MidCap Financial Correlations

MFIC Stock

USD 13.13 0.06 0.46%

The current 90-days correlation between MidCap Financial Inv and WhiteHorse Finance is 0.25 (i.e., Modest diversification). The correlation of MidCap Financial 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.

MidCap Financial Correlation With Market

Very weak diversification

The correlation between MidCap Financial Investment and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MidCap Financial Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MidCap Financial 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 gross domestic product.

Moving together with MidCap Stock

0.72	MA	Mastercard	Pair Corr
0.64	ECPG	Encore Capital Group	Pair Corr
0.63	WSBF	Waterstone Financial	Pair Corr
0.81	COF	Capital One Financial	Pair Corr
0.76	DFS	Discover Financial	Pair Corr
0.68	SNFCA	Security National Earnings Call Tomorrow	Pair Corr
0.72	ALLY	Ally Financial Normal Trading	Pair Corr
0.75	APAM	Artisan Partners Asset	Pair Corr
0.72	BBDC	Barings BDC	Pair Corr
0.82	UPST	Upstart Holdings	Pair Corr
0.79	C	Citigroup Aggressive Push	Pair Corr
0.8	AC	Associated Capital	Pair Corr
0.75	BN	Brookfield Corp	Pair Corr
0.81	BY	Byline Bancorp	Pair Corr

Moving against MidCap Stock

0.49	RENEW	Cartesian Growth	Pair Corr
0.7	EG	Everest Group	Pair Corr
0.59	HG	Hamilton Insurance Group,	Pair Corr
0.49	CB	Chubb	Pair Corr
0.34	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	WHF	MRCC	PTMN	FDUS	DHIL	NCV	MVF	CXE	NSL	FTF
WHF		0.61	0.68	0.86	-0.46	0.3	0.79	0.73	0.0	0.7	WHF
MRCC	0.61		0.75	0.77	-0.02	0.69	0.51	0.3	0.0	0.55	MRCC
PTMN	0.68	0.75		0.85	-0.18	0.45	0.58	0.59	0.0	0.53	PTMN
FDUS	0.86	0.77	0.85		-0.38	0.58	0.78	0.65	0.0	0.76	FDUS
DHIL	-0.46	-0.02	-0.18	-0.38		0.15	-0.45	-0.48	0.0	-0.46	DHIL
NCV	0.3	0.69	0.45	0.58	0.15		0.33	-0.02	0.0	0.36	NCV
MVF	0.79	0.51	0.58	0.78	-0.45	0.33		0.71	0.0	0.7	MVF
CXE	0.73	0.3	0.59	0.65	-0.48	-0.02	0.71		0.0	0.5	CXE
NSL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NSL
FTF	0.7	0.55	0.53	0.76	-0.46	0.36	0.7	0.5	0.0		FTF
	WHF	MRCC	PTMN	FDUS	DHIL	NCV	MVF	CXE	NSL	FTF

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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

FDUS	+ 0.86	WHF
FDUS	+ 0.85	PTMN
MVF	+ 0.79	WHF
MVF	+ 0.78	FDUS
FDUS	+ 0.77	MRCC
FTF	+ 0.76	FDUS

High negative correlations

CXE	- 0.48	DHIL
FTF	- 0.46	DHIL
DHIL	- 0.46	WHF
MVF	- 0.45	DHIL
DHIL	- 0.38	FDUS
DHIL	- 0.18	PTMN

Risk-Adjusted Indicators

There is a big difference between MidCap Stock performing well and MidCap Financial 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 MidCap Financial'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
WHF	1.05	0.04	0.03	0.08	1.60	(0.99)	1.92	(2.48)	7.44
MRCC	0.89	(0.02)	0.00	(0.04)	0.00	0.00	1.46	(1.68)	7.09
PTMN	0.82	(0.10)	0.00	(0.28)	0.00	0.00	1.20	(2.38)	7.99
FDUS	0.76	0.11	0.12	0.19	0.84	(0.80)	1.62	(1.37)	4.07
DHIL	0.82	(0.04)	0.00	(0.05)	0.00	0.00	1.64	(1.49)	5.26
NCV	0.81	(0.07)	0.00	(0.13)	0.00	0.00	1.73	(1.79)	4.59
MVF	0.54	0.02	0.03	0.19	0.68	(0.58)	1.12	(1.13)	3.98
CXE	0.58	(0.01)	(0.01)	0.06	0.72	(0.62)	0.82	(1.08)	4.08
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTF	0.44	0.03	0.06	0.26	0.46	(0.49)	0.80	(0.77)	3.29

MidCap Financial Corporate Management

Ryan Giudice	VP Officer	Profile
Patrick Ryan	Chief AIM	Profile
Kristin JD	Secretary Officer	Profile
Elizabeth Besen	Investor Manager	Profile
Kristin Hester	Secretary Officer	Profile
Gregory Hunt	CFO Treasurer	Profile
Daniel Vogel	Managing Director	Profile

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