Gladstone Capital Correlations

GLAD Stock

USD 26.71 0.20 0.75%

The current 90-days correlation between Gladstone Capital and PennantPark Floating Rate is 0.41 (i.e., Very weak diversification). The correlation of Gladstone 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.

Gladstone Capital Correlation With Market

Very weak diversification

The correlation between Gladstone Capital and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gladstone Capital 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 Gladstone 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 nation.

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

Moving together with Gladstone Stock

0.77	V	Visa Class A	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.91	DIST	Distoken Acquisition	Pair Corr
0.76	AB	AllianceBernstein	Pair Corr
0.85	AC	Associated Capital	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.92	BX	Blackstone Group Normal Trading	Pair Corr
0.9	CG	Carlyle Group	Pair Corr
0.85	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.81	LC	LendingClub Corp	Pair Corr
0.78	LX	Lexinfintech Holdings	Pair Corr
0.88	MA	Mastercard	Pair Corr
0.75	MC	Moelis	Pair Corr
0.92	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.94	PX	P10 Inc	Pair Corr
0.85	QD	Qudian Inc	Pair Corr
0.93	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.84	TW	Tradeweb Markets Normal Trading	Pair Corr
0.86	WT	WisdomTree	Pair Corr
0.94	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.64	DUET	DUET Acquisition Corp	Pair Corr
0.86	VIRT	Virtu Financial Normal Trading	Pair Corr
0.8	DYCQ	DT Cloud Acquisition	Pair Corr
0.83	VRTS	Virtus Investment	Pair Corr

Moving against Gladstone Stock

0.62	PT	Pintec Technology	Pair Corr
0.81	XP	Xp Inc	Pair Corr
0.67	WU	Western Union	Pair Corr
0.59	RM	Regional Management Corp	Pair Corr
0.31	DMYY	dMY Squared Technology	Pair Corr
0.74	BRACU	Broad Capital Acquisition	Pair Corr
0.74	BRKHU	BurTech Acquisition Corp	Pair Corr
0.62	BRKHW	BurTech Acquisition Corp	Pair Corr
0.49	PFTAU	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	MAIN	PFLT	HRZN	PSEC	GAIN	SCM	WHF	FDUS
MAIN		0.3	-0.81	-0.44	0.81	0.81	-0.27	0.67	MAIN
PFLT	0.3		0.16	0.44	0.53	0.46	0.41	-0.14	PFLT
HRZN	-0.81	0.16		0.58	-0.6	-0.57	0.36	-0.59	HRZN
PSEC	-0.44	0.44	0.58		-0.09	-0.11	0.82	-0.7	PSEC
GAIN	0.81	0.53	-0.6	-0.09		0.82	0.11	0.23	GAIN
SCM	0.81	0.46	-0.57	-0.11	0.82		0.21	0.28	SCM
WHF	-0.27	0.41	0.36	0.82	0.11	0.21		-0.74	WHF
FDUS	0.67	-0.14	-0.59	-0.7	0.23	0.28	-0.74		FDUS
	MAIN	PFLT	HRZN	PSEC	GAIN	SCM	WHF	FDUS

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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

WHF	+ 0.82	PSEC
SCM	+ 0.82	GAIN
GAIN	+ 0.81	MAIN
SCM	+ 0.81	MAIN
FDUS	+ 0.67	MAIN
PSEC	+ 0.58	HRZN

High negative correlations

HRZN	- 0.81	MAIN
FDUS	- 0.74	WHF
FDUS	- 0.7	PSEC
GAIN	- 0.6	HRZN
FDUS	- 0.59	HRZN
SCM	- 0.57	HRZN

Risk-Adjusted Indicators

There is a big difference between Gladstone Stock performing well and Gladstone 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 Gladstone 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
MAIN	0.55	0.10	0.05	0.34	0.44	(0.68)	1.49	(1.28)	3.02
PFLT	0.61	0.00	(0.10)	0.13	0.99	(0.57)	1.09	(1.13)	5.12
HRZN	0.75	(0.25)	0.00	(1.08)	0.00	0.00	0.88	(2.10)	5.65
PSEC	1.28	(0.03)	(0.04)	(0.03)	2.95	(1.18)	2.65	(2.01)	19.03
GAIN	0.97	0.10	0.02	0.41	1.13	(1.04)	1.76	(1.94)	6.95
SCM	0.50	0.02	(0.10)	0.23	0.65	(0.57)	1.22	(1.29)	4.47
WHF	0.83	(0.09)	0.00	(1.32)	0.00	0.00	1.44	(1.54)	7.36
FDUS	0.54	0.07	(0.01)	0.33	0.45	(0.60)	1.20	(0.92)	3.15

Gladstone Capital Corporate Management

Nicole CPA	CFO Treasurer	Profile
CPA Dellafiora	Chief Officer	Profile
John Sateri	Managing Finance	Profile
Christopher Lee	Managing Equity	Profile
Karin McLaughlin	Investor Specialist	Profile

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