MSCome Fund Correlations

MSIF Stock

12.34 0.16 1.28%

The current 90-days correlation between MSCome Fund and Gladstone Investment is 0.35 (i.e., Weak diversification). The correlation of MSCome Fund 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.

MSCome Fund Correlation With Market

Very good diversification

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

Build AI portfolio with MSCome Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MSCome Fund. 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.

For more detail on how to invest in MSCome Stock please use our How to Invest in MSCome Fund guide.

Moving together with MSCome Stock

0.66	55O1	Apollo Investment Corp	Pair Corr
0.65	BX	Blackstone Group	Pair Corr

Moving against MSCome Stock

0.71	HHI	Henderson High Income	Pair Corr
0.63	MNG	MG Plc	Pair Corr
0.63	MNTN	Schiehallion Fund	Pair Corr
0.62	VCTR	Victory Capital Holdings	Pair Corr
0.61	DHIL	Diamond Hill Investment	Pair Corr
0.6	RA	Brookfield Real Assets	Pair Corr
0.57	FT	Franklin Universal Closed	Pair Corr
0.57	WT	WisdomTree	Pair Corr
0.57	SSSS-P	Shooting Star Acquisition	Pair Corr
0.56	SPT6	Beta Systems Software	Pair Corr
0.4	PX	P10 Inc Symbol Change	Pair Corr
0.4	MIGO	Migo Opportunities Trust	Pair Corr
0.38	SDV	Chelverton UK Dividend	Pair Corr
0.36	ALPN	Alpine Select AG	Pair Corr
0.67	8KF	ICHIYOSHI SECS LTD	Pair Corr
0.67	LBS	Life Banc Split	Pair Corr
0.64	ECCC	Eagle Point Credit	Pair Corr
0.62	SII	Sprott Inc	Pair Corr
0.6	PG4	Principal Financial	Pair Corr
0.54	8KC	IDI SCA INH	Pair Corr
0.49	XOX-P	Planet X Capital	Pair Corr
0.49	DFN	Dividend 15 Split	Pair Corr

Related Correlations Analysis

	GAIN	FDUS	CCAP	GAM	GLAD	PNNT	NCDL	NEWT	BCAL
GAIN		0.0	-0.01	0.63	-0.28	-0.34	0.1	0.52	-0.15	GAIN
FDUS	0.0		0.85	-0.33	0.84	0.8	0.22	0.12	0.04	FDUS
CCAP	-0.01	0.85		-0.2	0.7	0.68	0.18	0.3	0.11	CCAP
GAM	0.63	-0.33	-0.2		-0.62	-0.59	-0.35	0.78	-0.54	GAM
GLAD	-0.28	0.84	0.7	-0.62		0.86	0.21	-0.19	0.22	GLAD
PNNT	-0.34	0.8	0.68	-0.59	0.86		-0.01	-0.09	0.0	PNNT
NCDL	0.1	0.22	0.18	-0.35	0.21	-0.01		-0.39	0.72	NCDL
NEWT	0.52	0.12	0.3	0.78	-0.19	-0.09	-0.39		-0.58	NEWT
BCAL	-0.15	0.04	0.11	-0.54	0.22	0.0	0.72	-0.58		BCAL
	GAIN	FDUS	CCAP	GAM	GLAD	PNNT	NCDL	NEWT	BCAL

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

PNNT	+ 0.86	GLAD
CCAP	+ 0.85	FDUS
GLAD	+ 0.84	FDUS
PNNT	+ 0.8	FDUS
NEWT	+ 0.78	GAM
BCAL	+ 0.72	NCDL

High negative correlations

GLAD	- 0.62	GAM
PNNT	- 0.59	GAM
BCAL	- 0.58	NEWT
BCAL	- 0.54	GAM
NEWT	- 0.39	NCDL
NCDL	- 0.35	GAM

Risk-Adjusted Indicators

There is a big difference between MSCome Stock performing well and MSCome Fund 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 MSCome Fund'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
GAIN	0.68	(0.01)	(0.07)	0.05	0.81	(0.74)	1.48	(1.25)	3.49
FDUS	0.84	(0.16)	0.00	(0.16)	0.00	0.00	1.51	(1.82)	4.87
CCAP	1.14	(0.16)	0.00	(0.10)	0.00	0.00	2.36	(2.37)	5.17
GAM	0.48	0.08	0.08	0.20	0.35	(0.52)	1.29	(0.88)	2.76
GLAD	1.06	(0.20)	0.00	(0.16)	0.00	0.00	2.04	(1.73)	8.85
PNNT	1.29	(0.34)	0.00	(0.45)	0.00	0.00	2.15	(3.04)	10.16
NCDL	1.16	(0.17)	0.00	(0.13)	0.00	0.00	2.39	(2.46)	5.78
NEWT	1.76	0.18	0.10	0.17	2.23	(1.86)	4.67	(3.41)	13.38
BCAL	0.92	(0.09)	0.00	(0.06)	0.00	0.00	2.11	(2.16)	5.15

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