Ares Capital Correlations

ARCC Stock

USD 21.78 0.01 0.05%

The current 90-days correlation between Ares Capital and Triplepoint Venture Growth is 0.36 (i.e., Weak diversification). The correlation of Ares 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.

Ares Capital Correlation With Market

Poor diversification

The correlation between Ares Capital and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ares Capital 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 Ares 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 main economic indicators.

For information on how to trade Ares Stock refer to our How to Trade Ares Stock guide.

Moving together with Ares Stock

0.92	AC	Associated Capital	Pair Corr
0.76	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.65	MC	Moelis	Pair Corr
0.88	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.88	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.92	TW	Tradeweb Markets Normal Trading	Pair Corr
0.65	VIRT	Virtu Financial Normal Trading	Pair Corr
0.84	WAVS	Western Acquisition	Pair Corr
0.91	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.82	EVR	Evercore Partners	Pair Corr
0.84	FRHC	Freedom Holding Corp	Pair Corr
0.76	IPXXU	Inflection Point Acq	Pair Corr
0.73	LRFC	Logan Ridge Finance	Pair Corr
0.77	PNNT	PennantPark Investment	Pair Corr
0.7	RMCO	Royalty Management	Pair Corr
0.84	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.82	SEIC	SEI Investments	Pair Corr
0.9	STEP	Stepstone Group	Pair Corr
0.61	SVII	Spring Valley Acquisition	Pair Corr
0.79	C	Citigroup Aggressive Push	Pair Corr
0.89	AB	AllianceBernstein	Pair Corr
0.91	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.84	BX	Blackstone Group Normal Trading	Pair Corr

Moving against Ares Stock

0.79	GROW	US Global Investors	Pair Corr
0.68	XP	Xp Inc Downward Rally	Pair Corr
0.62	PT	Pintec Technology	Pair Corr
0.58	RAND	Rand Capital Corp	Pair Corr
0.84	IX	Orix Corp Ads	Pair Corr
0.47	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	TPVG	TSLX	MAIN	CSWC	GAIN	PFLT	PSEC	HTGC	GLAD	HRZN
TPVG		-0.06	0.17	-0.68	-0.2	-0.37	-0.75	-0.31	0.29	-0.28	TPVG
TSLX	-0.06		-0.21	0.47	-0.3	0.35	0.32	0.03	-0.3	0.53	TSLX
MAIN	0.17	-0.21		-0.17	0.85	0.41	-0.36	0.7	0.96	-0.8	MAIN
CSWC	-0.68	0.47	-0.17		0.14	0.65	0.73	0.41	-0.28	0.57	CSWC
GAIN	-0.2	-0.3	0.85	0.14		0.56	-0.06	0.8	0.82	-0.62	GAIN
PFLT	-0.37	0.35	0.41	0.65	0.56		0.44	0.79	0.32	0.07	PFLT
PSEC	-0.75	0.32	-0.36	0.73	-0.06	0.44		0.21	-0.47	0.53	PSEC
HTGC	-0.31	0.03	0.7	0.41	0.8	0.79	0.21		0.61	-0.35	HTGC
GLAD	0.29	-0.3	0.96	-0.28	0.82	0.32	-0.47	0.61		-0.84	GLAD
HRZN	-0.28	0.53	-0.8	0.57	-0.62	0.07	0.53	-0.35	-0.84		HRZN
	TPVG	TSLX	MAIN	CSWC	GAIN	PFLT	PSEC	HTGC	GLAD	HRZN

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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

GLAD	+ 0.96	MAIN
GAIN	+ 0.85	MAIN
GLAD	+ 0.82	GAIN
HTGC	+ 0.8	GAIN
HTGC	+ 0.79	PFLT
PSEC	+ 0.73	CSWC

High negative correlations

HRZN	- 0.84	GLAD
HRZN	- 0.8	MAIN
PSEC	- 0.75	TPVG
CSWC	- 0.68	TPVG
HRZN	- 0.62	GAIN
GLAD	- 0.47	PSEC

Risk-Adjusted Indicators

There is a big difference between Ares Stock performing well and Ares 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 Ares 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
TPVG	1.17	0.08	0.04	0.18	1.26	(1.32)	3.33	(2.20)	11.85
TSLX	0.59	(0.02)	(0.10)	0.03	0.70	(0.62)	1.08	(1.04)	3.65
MAIN	0.54	0.10	0.08	0.30	0.45	(0.66)	1.12	(1.28)	3.02
CSWC	0.85	(0.07)	0.00	1.07	0.00	0.00	1.67	(1.46)	8.65
GAIN	1.01	0.07	0.02	0.25	1.23	(1.07)	1.76	(2.39)	6.95
PFLT	0.61	0.02	(0.05)	0.21	1.00	(0.57)	1.09	(1.13)	5.12
PSEC	1.26	(0.06)	0.00	(0.46)	0.00	0.00	2.65	(2.01)	19.03
HTGC	0.77	0.01	(0.02)	0.10	0.83	(0.87)	1.56	(1.36)	4.50
GLAD	0.69	0.18	0.16	0.51	0.54	(0.81)	1.64	(1.47)	4.12
HRZN	0.75	(0.24)	0.00	(1.14)	0.00	0.00	0.94	(2.10)	5.65

Ares Capital Corporate Management

CPA CPA	CoPres	Profile
Michael Dieber	Partner	Profile
Mark Affolter	Partner	Profile
Won Cho	Chief Officer	Profile

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