Triplepoint Venture Correlations

TPVG Stock

USD 7.10 0.04 0.56%

The current 90-days correlation between Triplepoint Venture and Carlyle Secured Lending is 0.35 (i.e., Weak diversification). The correlation of Triplepoint Venture 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.

Triplepoint Venture Correlation With Market

Modest diversification

The correlation between Triplepoint Venture Growth and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triplepoint Venture Growth 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 Triplepoint Venture Growth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Triplepoint Stock

0.68	MA	Mastercard	Pair Corr
0.61	AXP	American Express	Pair Corr
0.68	CNF	CNFinance Holdings	Pair Corr
0.87	COF	Capital One Financial	Pair Corr
0.85	DFS	Discover Financial	Pair Corr
0.68	ALLY	Ally Financial Normal Trading	Pair Corr
0.62	APAM	Artisan Partners Asset	Pair Corr
0.76	BBDC	Barings BDC	Pair Corr
0.68	UPST	Upstart Holdings	Pair Corr
0.82	C	Citigroup Aggressive Push	Pair Corr
0.63	AC	Associated Capital	Pair Corr
0.68	BK	Bank of New York Sell-off Trend	Pair Corr
0.7	BN	Brookfield Corp	Pair Corr
0.68	BY	Byline Bancorp	Pair Corr

Moving against Triplepoint Stock

0.47	RENEW	Cartesian Growth	Pair Corr
0.5	HG	Hamilton Insurance Group,	Pair Corr
0.49	EG	Everest Group	Pair Corr
0.45	CB	Chubb	Pair Corr
0.4	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	TCPC	TSLX	GBDC	NMFC	CGBD	ARCC	MAIN	CSWC	FDUS	CCAP
TCPC		0.0	0.59	0.67	0.7	0.68	0.79	0.29	0.65	0.8	TCPC
TSLX	0.0		0.65	0.67	-0.35	0.47	0.38	0.82	0.63	-0.32	TSLX
GBDC	0.59	0.65		0.9	0.23	0.8	0.84	0.79	0.81	0.42	GBDC
NMFC	0.67	0.67	0.9		0.22	0.73	0.82	0.79	0.89	0.4	NMFC
CGBD	0.7	-0.35	0.23	0.22		0.54	0.61	-0.16	0.25	0.82	CGBD
ARCC	0.68	0.47	0.8	0.73	0.54		0.9	0.55	0.81	0.51	ARCC
MAIN	0.79	0.38	0.84	0.82	0.61	0.9		0.61	0.8	0.69	MAIN
CSWC	0.29	0.82	0.79	0.79	-0.16	0.55	0.61		0.75	0.05	CSWC
FDUS	0.65	0.63	0.81	0.89	0.25	0.81	0.8	0.75		0.37	FDUS
CCAP	0.8	-0.32	0.42	0.4	0.82	0.51	0.69	0.05	0.37		CCAP
	TCPC	TSLX	GBDC	NMFC	CGBD	ARCC	MAIN	CSWC	FDUS	CCAP

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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	+ 0.9	GBDC
MAIN	+ 0.9	ARCC
FDUS	+ 0.89	NMFC
MAIN	+ 0.84	GBDC
CSWC	+ 0.82	TSLX
MAIN	+ 0.82	NMFC

High negative correlations

CGBD	- 0.35	TSLX
CCAP	- 0.32	TSLX
CSWC	- 0.16	CGBD
TSLX	- 0.0	TCPC

Risk-Adjusted Indicators

There is a big difference between Triplepoint Stock performing well and Triplepoint Venture 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 Triplepoint Venture'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
TCPC	1.18	(0.06)	0.00	(0.11)	0.00	0.00	2.28	(2.57)	13.22
TSLX	0.69	0.14	0.15	0.43	0.67	(0.82)	1.68	(1.14)	4.64
GBDC	0.66	0.03	0.04	0.07	0.87	(0.67)	1.43	(1.66)	3.72
NMFC	0.69	0.03	0.03	0.06	0.99	(0.66)	1.30	(1.82)	3.51
CGBD	0.95	(0.08)	0.00	(0.17)	0.00	0.00	1.71	(1.86)	5.89
ARCC	0.83	0.06	0.05	0.10	1.07	(0.85)	1.53	(1.94)	5.67
MAIN	1.07	0.04	0.03	0.05	1.31	(1.07)	2.09	(1.96)	6.72
CSWC	0.80	0.13	0.13	0.27	0.88	(0.88)	1.55	(1.56)	4.47
FDUS	0.75	0.04	0.04	0.07	0.88	(0.76)	1.37	(1.37)	4.07
CCAP	0.90	(0.14)	0.00	(0.16)	0.00	0.00	1.78	(1.82)	7.08

Triplepoint Venture Corporate Management

Katherine Park	Independent Director	Profile
Steven Levinson	Chief Officer	Profile
Matthew Galiani	Interim Controller	Profile
Christopher CPA	Chief Officer	Profile
Carl Rizzo	Chief Compliance Officer	Profile

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