Stellus Capital Correlations

SCM Stock

USD 14.55 0.09 0.62%

The current 90-days correlation between Stellus Capital Inve and Gladstone Capital is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stellus Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stellus Capital Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stellus Capital Correlation With Market

Average diversification

The correlation between Stellus Capital Investment and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stellus Capital Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stellus Capital 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 main economic indicators.

Moving together with Stellus Stock

0.86	V	Visa Class A	Pair Corr
0.81	MA	Mastercard	Pair Corr
0.62	WSBF	Waterstone Financial	Pair Corr
0.68	COF	Capital One Financial	Pair Corr
0.61	DFS	Discover Financial	Pair Corr
0.67	GDST	Goldenstone Acquisition	Pair Corr
0.73	SNFCA	Security National Earnings Call Tomorrow	Pair Corr
0.93	BBDC	Barings BDC	Pair Corr
0.89	COOP	Mr Cooper Group	Pair Corr
0.75	C	Citigroup Aggressive Push	Pair Corr
0.74	AC	Associated Capital	Pair Corr
0.88	BK	Bank of New York	Pair Corr

Moving against Stellus Stock

0.57	WD	Walker Dunlop	Pair Corr
0.46	ORGN	Origin Materials	Pair Corr
0.54	BITF	Bitfarms Aggressive Push	Pair Corr
0.54	DHIL	Diamond Hill Investment	Pair Corr
0.44	CODI	Compass Diversified	Pair Corr
0.39	PYPL	PayPal Holdings Sell-off Trend	Pair Corr
0.49	EG	Everest Group	Pair Corr
0.42	LC	LendingClub Corp	Pair Corr
0.33	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	PFLT	GLAD	GAIN	PSEC	OFS	FDUS	MRCC	NMFC	HRZN	TCPC
PFLT		0.3	0.77	0.76	0.49	0.67	0.32	0.51	0.81	0.09	PFLT
GLAD	0.3		0.23	0.27	-0.54	0.58	0.69	0.39	0.33	0.75	GLAD
GAIN	0.77	0.23		0.68	0.37	0.74	0.38	0.74	0.81	0.2	GAIN
PSEC	0.76	0.27	0.68		0.32	0.68	0.42	0.56	0.7	0.2	PSEC
OFS	0.49	-0.54	0.37	0.32		-0.14	-0.48	-0.06	0.26	-0.64	OFS
FDUS	0.67	0.58	0.74	0.68	-0.14		0.78	0.84	0.82	0.6	FDUS
MRCC	0.32	0.69	0.38	0.42	-0.48	0.78		0.72	0.6	0.73	MRCC
NMFC	0.51	0.39	0.74	0.56	-0.06	0.84	0.72		0.73	0.62	NMFC
HRZN	0.81	0.33	0.81	0.7	0.26	0.82	0.6	0.73		0.32	HRZN
TCPC	0.09	0.75	0.2	0.2	-0.64	0.6	0.73	0.62	0.32		TCPC
	PFLT	GLAD	GAIN	PSEC	OFS	FDUS	MRCC	NMFC	HRZN	TCPC

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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

NMFC	+ 0.84	FDUS
HRZN	+ 0.82	FDUS
HRZN	+ 0.81	PFLT
HRZN	+ 0.81	GAIN
MRCC	+ 0.78	FDUS
GAIN	+ 0.77	PFLT

High negative correlations

TCPC	- 0.64	OFS
OFS	- 0.54	GLAD
MRCC	- 0.48	OFS
FDUS	- 0.14	OFS
NMFC	- 0.06	OFS

Risk-Adjusted Indicators

There is a big difference between Stellus Stock performing well and Stellus 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 Stellus 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
PFLT	0.66	0.11	0.12	0.21	0.74	(0.71)	1.45	(1.28)	4.56
GLAD	1.03	0.03	0.02	0.04	1.38	(0.96)	2.28	(1.90)	5.90
GAIN	0.96	0.09	0.08	0.14	0.98	(1.12)	2.21	(1.64)	6.57
PSEC	0.81	0.00	(0.01)	(0.01)	0.86	(1.17)	2.09	(1.59)	6.62
OFS	1.13	0.15	0.11	(1.64)	1.19	(1.35)	3.68	(1.58)	10.09
FDUS	0.78	0.07	0.07	0.12	0.89	(0.80)	1.62	(1.67)	4.07
MRCC	0.88	(0.06)	0.00	0.29	0.00	0.00	1.46	(2.51)	7.09
NMFC	0.72	(0.01)	0.00	0.08	0.00	0.00	1.30	(1.82)	3.51
HRZN	0.97	0.14	0.06	0.78	1.98	(1.04)	1.76	(1.20)	12.22
TCPC	1.18	(0.10)	0.00	(0.17)	0.00	0.00	2.28	(2.62)	13.22

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