MidCap Financial Correlations

MFICL Stock

25.12 0.24 0.95%

The current 90-days correlation between MidCap Financial Inv and Dynex Capital is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MidCap Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MidCap Financial Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MidCap Financial Correlation With Market

Average diversification

The correlation between MidCap Financial Investment and DJI is 0.12 (i.e., Average 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 main economic indicators.

Moving together with MidCap Stock

0.85	DB	Deutsche Bank AG	Pair Corr
0.7	LU	Lufax Holding	Pair Corr
0.77	LX	Lexinfintech Holdings	Pair Corr
0.69	TW	Tradeweb Markets	Pair Corr
0.63	XP	Xp Inc	Pair Corr
0.76	DMYY	dMY Squared Technology	Pair Corr
0.82	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against MidCap Stock

0.78	LC	LendingClub Corp	Pair Corr
0.77	MC	Moelis	Pair Corr
0.75	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.71	CG	Carlyle Group	Pair Corr
0.65	PX	P10 Inc	Pair Corr
0.64	MS	Morgan Stanley Earnings Call Tomorrow	Pair Corr
0.62	BN	Brookfield Corp	Pair Corr
0.56	GS	Goldman Sachs Group Earnings Call This Week	Pair Corr
0.32	DIST	Distoken Acquisition	Pair Corr
0.31	DHIL	Diamond Hill Investment	Pair Corr
0.77	RC	Ready Capital Corp	Pair Corr
0.72	VRTS	Virtus Investment	Pair Corr
0.69	RM	Regional Management Corp	Pair Corr
0.68	WT	WisdomTree	Pair Corr
0.67	SF	Stifel Financial	Pair Corr
0.58	VCTR	Victory Capital Holdings	Pair Corr
0.54	WD	Walker Dunlop	Pair Corr
0.54	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.09	0.04	0.34	0.76	0.31	-0.05	0.06	0.44	0.68	V
DHIL	0.09		-0.04	0.35	0.26	0.64	0.69	0.63	-0.17	0.09	DHIL
DIST	0.04	-0.04		-0.38	-0.06	0.26	0.27	0.23	-0.4	-0.26	DIST
AB	0.34	0.35	-0.38		0.2	0.17	0.15	0.17	0.47	0.35	AB
AC	0.76	0.26	-0.06	0.2		0.45	0.11	0.29	0.17	0.46	AC
BN	0.31	0.64	0.26	0.17	0.45		0.91	0.9	-0.49	-0.16	BN
BX	-0.05	0.69	0.27	0.15	0.11	0.91		0.94	-0.64	-0.39	BX
CG	0.06	0.63	0.23	0.17	0.29	0.9	0.94		-0.63	-0.32	CG
DB	0.44	-0.17	-0.4	0.47	0.17	-0.49	-0.64	-0.63		0.73	DB
DX	0.68	0.09	-0.26	0.35	0.46	-0.16	-0.39	-0.32	0.73		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

CG	+ 0.94	BX
BX	+ 0.91	BN
CG	+ 0.9	BN
AC	+ 0.76	V
DX	+ 0.73	DB
BX	+ 0.69	DHIL

High negative correlations

DB	- 0.64	BX
DB	- 0.63	CG
DB	- 0.49	BN
DB	- 0.4	DIST
DX	- 0.39	BX
AB	- 0.38	DIST

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
V	1.11	0.17	0.09	0.09	1.75	(1.15)	2.22	(2.42)	10.18
DHIL	1.04	(0.14)	0.00	(0.27)	0.00	0.00	1.64	(3.08)	7.86
DIST	0.34	0.00	0.00	(0.26)	0.00	0.00	1.42	0.00	9.90
AB	1.67	0.06	0.02	(0.01)	2.81	(1.53)	3.87	(3.91)	13.82
AC	1.34	(0.09)	0.00	(0.48)	0.00	0.00	3.22	(2.69)	13.09
BN	2.05	(0.04)	0.00	(0.10)	0.00	0.00	3.17	(5.35)	11.97
BX	2.20	(0.19)	0.00	(0.18)	0.00	0.00	3.40	(4.92)	14.75
CG	2.58	(0.47)	0.00	(2.72)	0.00	0.00	4.02	(6.65)	21.19
DB	2.09	0.51	0.15	0.27	2.58	(2.30)	4.77	(3.89)	24.30
DX	0.95	(0.09)	0.00	2.64	0.00	0.00	1.66	(2.07)	7.02

MidCap Financial Corporate Management

Ryan Giudice	VP Officer	Profile
Patrick Ryan	Chief AIM	Profile
Elizabeth Besen	Investor Manager	Profile
Tanner Powell	Chief Officer	Profile
Howard Widra	Executive Board	Profile

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