Associated Capital Correlations

AC Stock

USD 36.12 0.27 0.75%

The current 90-days correlation between Associated Capital and Cion Investment Corp is -0.06 (i.e., Good diversification). The correlation of Associated Capital 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.

Associated Capital Correlation With Market

Significant diversification

The correlation between Associated Capital Group and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Associated Capital Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Associated Capital Group. 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 against Associated Stock

0.46	MAIN	Main Street Capital	Pair Corr
0.44	GECC	Great Elm Capital	Pair Corr
0.37	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.33	GCMG	GCM Grosvenor	Pair Corr
0.35	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	OWL	TPG	PAX	CION	SEIC
OWL		0.55	0.4	0.53	0.7	OWL
TPG	0.55		0.7	0.27	0.36	TPG
PAX	0.4	0.7		0.32	0.38	PAX
CION	0.53	0.27	0.32		0.67	CION
SEIC	0.7	0.36	0.38	0.67		SEIC
	OWL	TPG	PAX	CION	SEIC

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Risk-Adjusted Indicators

There is a big difference between Associated Stock performing well and Associated 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 Associated 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
OWL	1.83	0.16	0.05	0.41	2.29	(1.93)	3.76	(3.50)	15.84
TPG	1.84	(0.01)	(0.03)	0.04	2.30	(1.93)	3.75	(3.75)	16.27
PAX	1.50	0.02	(0.01)	0.15	2.15	(1.50)	2.84	(2.67)	12.27
CION	0.82	0.00	(0.06)	0.06	1.07	(0.94)	1.58	(1.74)	5.99
SEIC	0.87	0.16	0.07	0.55	1.24	(0.92)	1.57	(1.59)	9.37

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Associated Capital Correlations

Associated Capital Correlation With Market

Significant diversification

Moving against Associated Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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