Portman Ridge Correlations

PTMN Stock

USD 17.03 0.06 0.35%

The current 90-days correlation between Portman Ridge Finance and Puyi Inc ADR is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Portman Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Portman Ridge Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Portman Ridge Correlation With Market

Significant diversification

The correlation between Portman Ridge Finance and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Portman Ridge Finance and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portman Ridge Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Portman Stock

0.68

Xp Inc

Pair Corr

Moving against Portman Stock

0.72	DIST	Distoken Acquisition	Pair Corr
0.72	PX	P10 Inc	Pair Corr
0.62	V	Visa Class A	Pair Corr
0.6	DHIL	Diamond Hill Investment	Pair Corr
0.57	BX	Blackstone Group Normal Trading	Pair Corr
0.56	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.55	MA	Mastercard	Pair Corr
0.55	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.54	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.53	BN	Brookfield Corp	Pair Corr
0.53	MC	Moelis Potential Growth	Pair Corr
0.42	LC	LendingClub Corp	Pair Corr
0.4	CG	Carlyle Group	Pair Corr
0.4	QD	Qudian Inc	Pair Corr
0.38	AC	Associated Capital	Pair Corr
0.33	LX	Lexinfintech Holdings	Pair Corr
0.31	DX	Dynex Capital	Pair Corr
0.8	VIRT	Virtu Financial Normal Trading	Pair Corr
0.66	DPCS	DP Cap Acquisition	Pair Corr
0.64	DUET	DUET Acquisition Corp	Pair Corr
0.59	WT	WisdomTree	Pair Corr
0.55	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.47	VRTS	Virtus Investment	Pair Corr
0.4	TW	Tradeweb Markets Normal Trading	Pair Corr
0.36	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	LRFC	PUYI	CXH	CBH	EOT	WHF	MRCC	FDUS	DHIL	NCV
LRFC		0.36	0.34	0.87	0.38	0.03	0.73	0.39	0.44	0.72	LRFC
PUYI	0.36		-0.34	0.46	-0.22	-0.24	0.06	0.38	0.35	-0.03	PUYI
CXH	0.34	-0.34		0.18	0.67	-0.01	0.59	0.05	0.04	0.37	CXH
CBH	0.87	0.46	0.18		0.15	-0.1	0.75	0.54	0.52	0.79	CBH
EOT	0.38	-0.22	0.67	0.15		0.41	0.35	-0.21	-0.21	0.19	EOT
WHF	0.03	-0.24	-0.01	-0.1	0.41		-0.14	-0.67	-0.62	-0.15	WHF
MRCC	0.73	0.06	0.59	0.75	0.35	-0.14		0.53	0.48	0.8	MRCC
FDUS	0.39	0.38	0.05	0.54	-0.21	-0.67	0.53		0.81	0.49	FDUS
DHIL	0.44	0.35	0.04	0.52	-0.21	-0.62	0.48	0.81		0.51	DHIL
NCV	0.72	-0.03	0.37	0.79	0.19	-0.15	0.8	0.49	0.51		NCV
	LRFC	PUYI	CXH	CBH	EOT	WHF	MRCC	FDUS	DHIL	NCV

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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

CBH	+ 0.87	LRFC
DHIL	+ 0.81	FDUS
NCV	+ 0.8	MRCC
NCV	+ 0.79	CBH
MRCC	+ 0.75	CBH
MRCC	+ 0.73	LRFC

High negative correlations

FDUS	- 0.67	WHF
DHIL	- 0.62	WHF
CXH	- 0.34	PUYI
WHF	- 0.24	PUYI
EOT	- 0.22	PUYI
DHIL	- 0.21	EOT

Risk-Adjusted Indicators

There is a big difference between Portman Stock performing well and Portman Ridge 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 Portman Ridge'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
LRFC	0.95	0.25	0.17	(3.89)	0.59	(1.28)	2.66	(1.51)	12.79
PUYI	3.18	0.37	0.03	(0.20)	3.94	(5.27)	9.80	(9.58)	28.16
CXH	0.31	0.03	(0.12)	(0.24)	0.38	(0.35)	0.62	(0.62)	2.10
CBH	0.13	0.03	(0.23)	1.20	0.00	(0.18)	0.22	(0.22)	0.78
EOT	0.35	0.01	(0.15)	0.65	0.38	(0.41)	0.79	(0.85)	2.07
WHF	0.85	(0.09)	0.00	(1.34)	0.00	0.00	1.54	(1.54)	7.36
MRCC	1.04	0.19	0.08	0.75	1.21	(1.05)	2.29	(1.92)	6.38
FDUS	0.53	0.06	0.01	0.28	0.47	(0.59)	1.20	(0.92)	3.12
DHIL	1.24	0.02	0.05	0.10	1.12	(1.58)	2.30	(1.79)	8.58
NCV	0.75	0.11	0.04	0.99	0.72	(0.96)	1.74	(1.42)	3.88

Portman Ridge Corporate Management

Brandon Satoren	Secretary Officer	Profile
Edward Goldthorpe	CEO Chairman	Profile
Patrick Schafer	Chief Investment Officer	Profile
David JD	Chief Officer	Profile

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