MidCap Financial Correlations

MFIC Stock

USD 13.99 0.17 1.23%

The current 90-days correlation between MidCap Financial Inv and Invesco Municipal Opportunity is -0.13 (i.e., Good diversification). The correlation of MidCap Financial 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.

MidCap Financial Correlation With Market

Weak diversification

The correlation between MidCap Financial Investment and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MidCap Financial Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MidCap Financial Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against MidCap Stock

0.6	LU	Lufax Holding	Pair Corr
0.42	VMCA	Valuence Merger Corp	Pair Corr
0.33	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.31	WU	Western Union	Pair Corr
0.42	LGHLW	Lion Financial Group	Pair Corr
0.36	BRKHW	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF	ETO
VKI		0.81	0.46	-0.02	0.72	0.75	0.82	0.64	0.54	0.19	VKI
VKQ	0.81		0.62	-0.25	0.88	0.71	0.82	0.7	0.46	0.05	VKQ
VCV	0.46	0.62		-0.78	0.79	0.65	0.75	0.62	0.0	-0.33	VCV
VCTR	-0.02	-0.25	-0.78		-0.45	-0.26	-0.33	-0.26	0.49	0.53	VCTR
VGM	0.72	0.88	0.79	-0.45		0.85	0.91	0.84	0.42	0.05	VGM
IQI	0.75	0.71	0.65	-0.26	0.85		0.93	0.91	0.53	0.34	IQI
VMO	0.82	0.82	0.75	-0.33	0.91	0.93		0.88	0.48	0.12	VMO
CXE	0.64	0.7	0.62	-0.26	0.84	0.91	0.88		0.51	0.36	CXE
KTF	0.54	0.46	0.0	0.49	0.42	0.53	0.48	0.51		0.46	KTF
ETO	0.19	0.05	-0.33	0.53	0.05	0.34	0.12	0.36	0.46		ETO
	VKI	VKQ	VCV	VCTR	VGM	IQI	VMO	CXE	KTF	ETO

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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

VMO	+ 0.93	IQI
VMO	+ 0.91	VGM
CXE	+ 0.91	IQI
VGM	+ 0.88	VKQ
CXE	+ 0.88	VMO
IQI	+ 0.85	VGM

High negative correlations

VCTR	- 0.78	VCV
VGM	- 0.45	VCTR
VMO	- 0.33	VCTR
ETO	- 0.33	VCV
CXE	- 0.26	VCTR
IQI	- 0.26	VCTR

Risk-Adjusted Indicators

There is a big difference between MidCap Stock performing well and MidCap Financial 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 MidCap Financial'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
VKI	0.38	0.01	(0.18)	(1.68)	0.41	(0.44)	0.79	(0.66)	2.47
VKQ	0.36	0.00	(0.21)	0.28	0.44	(0.41)	0.80	(0.90)	2.19
VCV	0.52	(0.06)	0.00	(0.57)	0.00	0.00	0.95	(0.97)	3.87
VCTR	1.65	0.22	0.14	0.21	1.90	(1.79)	3.47	(3.17)	14.16
VGM	0.35	(0.01)	(0.20)	0.60	0.47	(0.38)	0.68	(0.78)	2.66
IQI	0.40	(0.02)	(0.18)	(0.04)	0.54	(0.38)	0.79	(0.70)	2.30
VMO	0.39	0.00	(0.17)	0.03	0.52	(0.39)	0.82	(1.01)	2.43
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34
KTF	0.42	0.05	(0.09)	(1.40)	0.47	(0.52)	1.12	(0.61)	3.40
ETO	0.55	(0.06)	(0.10)	0.00	0.88	(0.48)	0.78	(1.49)	3.50

MidCap Financial Corporate Management

Ryan Giudice	VP Officer	Profile
Patrick Ryan	Chief AIM	Profile
Kristin JD	Secretary Officer	Profile
Elizabeth Besen	Investor Manager	Profile
Kristin Hester	Secretary Officer	Profile
Gregory Hunt	CFO Treasurer	Profile
Daniel Vogel	Managing Director	Profile

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