FS KKR Correlations

FSK Stock

USD 13.30 0.44 3.42%

The current 90-days correlation between FS KKR Capital and Sixth Street Specialty is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FS KKR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FS KKR Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FS KKR Correlation With Market

Very good diversification

The correlation between FS KKR Capital and DJI is -0.48 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FS KKR Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FSK Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FS KKR 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 producer price index.

Moving together with FSK Stock

0.68	KBDC	Kayne Anderson BDC	Pair Corr
0.71	MFIC	MidCap Financial Inv	Pair Corr
0.86	NMFC	New Mountain Finance	Pair Corr

Moving against FSK Stock

0.83	PWI	Sustainable Power	Pair Corr
0.64	TRIN	Trinity Capital	Pair Corr
0.57	DFN	Dividend 15 Split	Pair Corr
0.56	DGS	Dividend Growth Split	Pair Corr
0.54	SBC	Brompton Split Banc	Pair Corr
0.51	CSOC-A	Canso Select Opportu	Pair Corr
0.51	ASA	ASA Gold	Pair Corr
0.48	LCS	Brompton Lifeco Split Split	Pair Corr
0.45	LBS	Life Banc Split	Pair Corr
0.45	CSWC	Capital Southwest	Pair Corr
0.44	URB-A	Urbana	Pair Corr
0.43	URB	Urbana	Pair Corr
0.35	OLY	Olympia Financial	Pair Corr
0.34	HRZN	Horizon Technology	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.67	KO	Coca Cola Earnings Call This Week	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.53	MRK	Merck Company Aggressive Push	Pair Corr
0.51	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.49	AA	Alcoa Corp	Pair Corr
0.46	GE	GE Aerospace	Pair Corr
0.46	PFE	Pfizer Inc	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.41	T	ATT Inc Sell-off Trend	Pair Corr
0.38	CSCO	Cisco Systems Earnings Call Today	Pair Corr

Related Correlations Analysis

	TCPC	TPVG	TSLX	GBDC	NMFC	CGBD	HTGC	TRIN	ARCC	MAIN
TCPC		0.54	0.54	0.82	0.83	0.47	0.62	-0.29	0.68	0.04	TCPC
TPVG	0.54		0.72	0.56	0.34	0.83	0.81	0.29	0.78	0.54	TPVG
TSLX	0.54	0.72		0.76	0.47	0.86	0.91	0.39	0.88	0.69	TSLX
GBDC	0.82	0.56	0.76		0.87	0.56	0.79	-0.12	0.83	0.22	GBDC
NMFC	0.83	0.34	0.47	0.87		0.28	0.58	-0.52	0.6	-0.17	NMFC
CGBD	0.47	0.83	0.86	0.56	0.28		0.79	0.52	0.88	0.74	CGBD
HTGC	0.62	0.81	0.91	0.79	0.58	0.79		0.19	0.86	0.57	HTGC
TRIN	-0.29	0.29	0.39	-0.12	-0.52	0.52	0.19		0.31	0.86	TRIN
ARCC	0.68	0.78	0.88	0.83	0.6	0.88	0.86	0.31		0.61	ARCC
MAIN	0.04	0.54	0.69	0.22	-0.17	0.74	0.57	0.86	0.61		MAIN
	TCPC	TPVG	TSLX	GBDC	NMFC	CGBD	HTGC	TRIN	ARCC	MAIN

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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

HTGC	+ 0.91	TSLX
ARCC	+ 0.88	TSLX
ARCC	+ 0.88	CGBD
NMFC	+ 0.87	GBDC
CGBD	+ 0.86	TSLX
ARCC	+ 0.86	HTGC

High negative correlations

TRIN	- 0.52	NMFC
TRIN	- 0.29	TCPC
MAIN	- 0.17	NMFC
TRIN	- 0.12	GBDC

Risk-Adjusted Indicators

There is a big difference between FSK Stock performing well and FS KKR 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 FS KKR'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	1.56	(0.16)	0.00	(0.68)	0.00	0.00	2.62	(2.55)	17.70
TPVG	1.47	0.04	0.00	0.15	1.90	(1.41)	2.51	(2.97)	9.96
TSLX	1.01	(0.19)	0.00	(0.24)	0.00	0.00	2.13	(2.57)	5.99
GBDC	0.85	(0.18)	0.00	(0.19)	0.00	0.00	1.37	(1.99)	7.65
NMFC	0.97	(0.26)	0.00	(0.31)	0.00	0.00	1.76	(1.98)	8.09
CGBD	1.05	(0.04)	(0.06)	0.02	1.33	(1.07)	2.23	(2.18)	5.52
HTGC	0.96	(0.12)	0.00	(0.13)	0.00	0.00	1.67	(2.50)	6.95
TRIN	1.05	0.12	0.05	0.33	1.29	(1.16)	2.45	(1.60)	5.81
ARCC	0.87	(0.10)	0.00	(0.03)	0.00	0.00	1.95	(2.00)	6.91
MAIN	1.05	0.07	0.03	0.20	1.03	(1.25)	2.60	(2.09)	5.66

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