Trinity Capital Correlations

TRIN Stock

USD 16.14 0.01 0.06%

The current 90-days correlation between Trinity Capital and Carlyle Secured Lending is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trinity Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trinity Capital Correlation With Market

Good diversification

The correlation between Trinity Capital and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trinity Capital 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 Trinity 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 gross domestic product.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Capital guide.

Moving together with Trinity Stock

0.89	V	Visa Class A	Pair Corr
0.69	MA	Mastercard Sell-off Trend	Pair Corr
0.72	MFA	MFA Financial	Pair Corr
0.95	TWO	Two Harbors Investments	Pair Corr
0.7	BBUC	Brookfield Business Corp	Pair Corr
0.81	COOP	Mr Cooper Group	Pair Corr
0.79	BK	Bank of New York	Pair Corr
0.79	DB	Deutsche Bank AG	Pair Corr
0.91	GL	Globe Life	Pair Corr

Moving against Trinity Stock

0.85	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.78	WD	Walker Dunlop	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.67	BX	Blackstone Group Normal Trading	Pair Corr
0.65	AX	Axos Financial	Pair Corr
0.53	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.5	VEL	Velocity Financial Llc	Pair Corr
0.46	CG	Carlyle Group Normal Trading	Pair Corr
0.4	MC	Moelis	Pair Corr
0.31	AXP	American Express Sell-off Trend	Pair Corr
0.31	BY	Byline Bancorp	Pair Corr
0.87	VALU	Value Line	Pair Corr
0.84	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.78	WT	WisdomTree	Pair Corr
0.71	CM	Canadian Imperial Bank	Pair Corr
0.59	KB	KB Financial Group	Pair Corr
0.56	RY	Royal Bank	Pair Corr
0.56	VBNK	VersaBank	Pair Corr
0.54	VBTX	Veritex Holdings	Pair Corr

Related Correlations Analysis

	CGBD	TSLX	HTGC	TCPC	TPVG	GBDC	NMFC	OFS	FDUS	ECC
CGBD		-0.06	0.68	0.64	0.49	0.4	0.27	-0.71	0.32	0.51	CGBD
TSLX	-0.06		0.49	0.13	0.65	0.74	0.66	0.39	0.84	-0.04	TSLX
HTGC	0.68	0.49		0.77	0.84	0.8	0.69	-0.51	0.73	0.45	HTGC
TCPC	0.64	0.13	0.77		0.6	0.6	0.7	-0.57	0.5	0.47	TCPC
TPVG	0.49	0.65	0.84	0.6		0.79	0.67	-0.26	0.83	0.44	TPVG
GBDC	0.4	0.74	0.8	0.6	0.79		0.86	-0.11	0.91	0.24	GBDC
NMFC	0.27	0.66	0.69	0.7	0.67	0.86		-0.06	0.83	0.23	NMFC
OFS	-0.71	0.39	-0.51	-0.57	-0.26	-0.11	-0.06		-0.04	-0.69	OFS
FDUS	0.32	0.84	0.73	0.5	0.83	0.91	0.83	-0.04		0.34	FDUS
ECC	0.51	-0.04	0.45	0.47	0.44	0.24	0.23	-0.69	0.34		ECC
	CGBD	TSLX	HTGC	TCPC	TPVG	GBDC	NMFC	OFS	FDUS	ECC

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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	+ 0.91	GBDC
NMFC	+ 0.86	GBDC
FDUS	+ 0.84	TSLX
TPVG	+ 0.84	HTGC
FDUS	+ 0.83	TPVG
FDUS	+ 0.83	NMFC

High negative correlations

OFS	- 0.71	CGBD
ECC	- 0.69	OFS
OFS	- 0.57	TCPC
OFS	- 0.51	HTGC
OFS	- 0.26	TPVG
OFS	- 0.11	GBDC

Risk-Adjusted Indicators

There is a big difference between Trinity Stock performing well and Trinity 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 Trinity 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
CGBD	0.94	(0.05)	0.00	0.10	0.00	0.00	1.86	(1.87)	5.90
TSLX	0.71	0.16	0.22	0.35	0.71	(0.82)	1.73	(1.39)	4.64
HTGC	1.08	0.05	0.05	0.01	1.55	(1.03)	2.01	(2.87)	6.52
TCPC	1.23	(0.20)	0.00	0.93	0.00	0.00	2.28	(3.27)	13.22
TPVG	1.45	(0.01)	0.00	(0.08)	0.00	0.00	3.25	(2.50)	11.80
GBDC	0.69	0.03	0.10	13.82	0.88	(0.73)	1.45	(1.78)	3.99
NMFC	0.72	(0.02)	0.00	0.16	0.00	0.00	1.30	(1.82)	3.51
OFS	1.09	0.23	0.26	(1.85)	0.98	(1.32)	3.66	(1.43)	9.95
FDUS	0.79	0.02	0.09	0.37	0.97	(0.82)	1.64	(1.65)	4.12
ECC	0.69	(0.12)	0.00	(0.83)	0.00	0.00	2.01	(1.49)	6.76

Trinity Capital Corporate Executives

Elected by the shareholders, the Trinity Capital's board of directors comprises two types of representatives: Trinity Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trinity. The board's role is to monitor Trinity Capital's management team and ensure that shareholders' interests are well served. Trinity Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trinity Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael CPA

CFO Treasurer

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