Golub Capital Correlations

GBDC Stock

USD 15.15 0.07 0.46%

The current 90-days correlation between Golub Capital BDC and New Mountain Finance is 0.35 (i.e., Weak diversification). The correlation of Golub 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.

Golub Capital Correlation With Market

Very weak diversification

The correlation between Golub Capital BDC and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golub Capital BDC and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golub Capital BDC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Golub Stock

0.87	AC	Associated Capital	Pair Corr
0.67	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.64	MC	Moelis Potential Growth	Pair Corr
0.81	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.84	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.84	TW	Tradeweb Markets Normal Trading	Pair Corr
0.7	VIRT	Virtu Financial Normal Trading	Pair Corr
0.75	WAVS	Western Acquisition	Pair Corr
0.86	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.77	EVR	Evercore Partners	Pair Corr
0.82	FRHC	Freedom Holding Corp	Pair Corr
0.75	LRFC	Logan Ridge Finance	Pair Corr
0.81	PNNT	PennantPark Investment	Pair Corr
0.69	RMCO	Royalty Management	Pair Corr
0.77	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.77	SEIC	SEI Investments	Pair Corr
0.84	STEP	Stepstone Group	Pair Corr
0.62	SVII	Spring Valley Acquisition	Pair Corr
0.66	C	Citigroup Aggressive Push	Pair Corr
0.66	V	Visa Class A	Pair Corr
0.81	AB	AllianceBernstein	Pair Corr
0.91	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.84	BN	Brookfield Corp	Pair Corr
0.85	BX	Blackstone Group Normal Trading	Pair Corr

Moving against Golub Stock

0.69	GROW	US Global Investors	Pair Corr
0.65	XP	Xp Inc	Pair Corr
0.6	PT	Pintec Technology	Pair Corr
0.64	RAND	Rand Capital Corp	Pair Corr
0.4	PPYAU	Papaya Growth Opportunity	Pair Corr
0.78	IX	Orix Corp Ads	Pair Corr
0.58	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	TCPC	CGBD	TPVG	NMFC	FDUS	TSLX	WHF
TCPC		-0.64	0.82	0.31	0.57	0.22	-0.62	TCPC
CGBD	-0.64		-0.61	-0.08	-0.19	0.27	0.6	CGBD
TPVG	0.82	-0.61		0.11	0.8	-0.06	-0.83	TPVG
NMFC	0.31	-0.08	0.11		-0.12	0.56	-0.12	NMFC
FDUS	0.57	-0.19	0.8	-0.12		-0.01	-0.67	FDUS
TSLX	0.22	0.27	-0.06	0.56	-0.01		0.14	TSLX
WHF	-0.62	0.6	-0.83	-0.12	-0.67	0.14		WHF
	TCPC	CGBD	TPVG	NMFC	FDUS	TSLX	WHF

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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

TPVG	+ 0.82	TCPC
FDUS	+ 0.8	TPVG
WHF	+ 0.6	CGBD
FDUS	+ 0.57	TCPC
TSLX	+ 0.56	NMFC
NMFC	+ 0.31	TCPC

High negative correlations

WHF	- 0.83	TPVG
WHF	- 0.67	FDUS
CGBD	- 0.64	TCPC
WHF	- 0.62	TCPC
TPVG	- 0.61	CGBD
FDUS	- 0.19	CGBD

Risk-Adjusted Indicators

There is a big difference between Golub Stock performing well and Golub 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 Golub 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
TCPC	1.15	(0.05)	(0.02)	0.04	1.36	(1.25)	2.62	(2.05)	11.22
CGBD	0.83	0.02	(0.05)	0.18	1.04	(0.85)	1.50	(1.71)	4.68
TPVG	1.17	0.08	0.04	0.18	1.26	(1.32)	3.33	(2.20)	11.85
NMFC	0.62	(0.09)	0.00	(0.18)	0.00	0.00	1.52	(1.11)	4.41
FDUS	0.53	0.06	0.01	0.28	0.47	(0.59)	1.20	(0.92)	3.12
TSLX	0.59	(0.02)	(0.10)	0.03	0.70	(0.62)	1.08	(1.04)	3.65
WHF	0.85	(0.09)	0.00	(1.34)	0.00	0.00	1.54	(1.54)	7.36

Golub Capital Corporate Management

Gregory Cashman	Managing Capital	Profile
Matthew Benton	Chief Officer	Profile
Stefano Robertson	Managing Director	Profile
Craig Petrusha	Principal	Profile

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