Prospect Capital Correlations

Prospect Capital Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prospect 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 american community survey. For information on how to trade Prospect Stock refer to our How to Trade Prospect Stock guide.

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 BAYA + 0.82 RIBB BAYA + 0.78 CPBI BAYA + 0.75 AFJK AFJK + 0.73 CPBI AFJK + 0.72 RIBB RIBB + 0.65 CPBI

High negative correlations KOYN - 0.54 CPBI BAYA - 0.43 KOYN AFJK - 0.36 KOYN RIBB - 0.33 KOYN HSPO - 0.29 CPBI HSPO - 0.14 AFJK

Risk-Adjusted Indicators

There is a big difference between Prospect Stock performing well and Prospect 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 Prospect 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.