Source Capital Correlations

SOR Stock

USD 46.48 0.72 1.57%

The current 90-days correlation between Source Capital Closed and Saratoga Investment Corp is 0.16 (i.e., Average diversification). The correlation of Source Capital 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Source Capital Correlation With Market

Good diversification

The correlation between Source Capital Closed and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Source Capital Closed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Source Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Source Capital Closed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Source Stock

0.68	MAJE	Majedie Investments	Pair Corr
0.61	DGS	Dividend Growth Split	Pair Corr
0.71	WWH	Worldwide Healthcare	Pair Corr
0.65	HQH	Tekla Healthcare Inv	Pair Corr
0.66	PAX	Patria Investments	Pair Corr
0.61	SII	Sprott Inc Normal Trading	Pair Corr
0.65	TPG	TPG Inc	Pair Corr
0.68	BIOG	Biotech Growth	Pair Corr
0.83	HERZ	Herzfeld Creditome Symbol Change	Pair Corr

Moving against Source Stock

0.7	IPX	Impax Asset Management	Pair Corr
0.64	HRI	Herald Investment Trust	Pair Corr
0.46	VRTS	Virtus Investment	Pair Corr
0.42	IEM	Impax Environmental	Pair Corr
0.36	FDUS	Fidus Investment Corp	Pair Corr
0.31	BKN	BlackRock Investment	Pair Corr
0.64	CHRY	Chrysalis Investments Earnings Call This Week	Pair Corr
0.57	OFS	OFS Capital Corp	Pair Corr
0.51	TAM	Tatton Asset Management	Pair Corr
0.37	MMIT	Mobius Investment Trust	Pair Corr
0.36	GCMG	GCM Grosvenor	Pair Corr
0.84	LIO	Liontrust Asset Mana	Pair Corr
0.67	LTI	Lindsell Train Investment	Pair Corr
0.57	MNKS	Monks Investment Trust	Pair Corr
0.56	TAVI	Tavistock Investments Plc	Pair Corr

Related Correlations Analysis

	SAR	DHIL	SCM	PNNT	MCI	PSBD	GLAD	LEO	EIC	GIG
SAR		0.6	0.72	-0.66	-0.34	0.15	0.74	0.53	-0.47	-0.43	SAR
DHIL	0.6		0.66	-0.29	-0.7	0.07	0.33	0.58	-0.27	-0.12	DHIL
SCM	0.72	0.66		-0.65	-0.42	0.17	0.78	0.63	-0.58	-0.33	SCM
PNNT	-0.66	-0.29	-0.65		-0.01	0.17	-0.8	-0.15	0.75	0.55	PNNT
MCI	-0.34	-0.7	-0.42	-0.01		-0.49	-0.03	-0.44	-0.12	-0.31	MCI
PSBD	0.15	0.07	0.17	0.17	-0.49		-0.05	0.16	0.43	0.45	PSBD
GLAD	0.74	0.33	0.78	-0.8	-0.03	-0.05		0.3	-0.76	-0.49	GLAD
LEO	0.53	0.58	0.63	-0.15	-0.44	0.16	0.3		-0.2	-0.12	LEO
EIC	-0.47	-0.27	-0.58	0.75	-0.12	0.43	-0.76	-0.2		0.66	EIC
GIG	-0.43	-0.12	-0.33	0.55	-0.31	0.45	-0.49	-0.12	0.66		GIG
	SAR	DHIL	SCM	PNNT	MCI	PSBD	GLAD	LEO	EIC	GIG

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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

GLAD	+ 0.78	SCM
EIC	+ 0.75	PNNT
GLAD	+ 0.74	SAR
SCM	+ 0.72	SAR
SCM	+ 0.66	DHIL
GIG	+ 0.66	EIC

High negative correlations

GLAD	- 0.8	PNNT
EIC	- 0.76	GLAD
MCI	- 0.7	DHIL
PNNT	- 0.66	SAR
PNNT	- 0.65	SCM
EIC	- 0.58	SCM

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SAR	0.88	(0.04)	0.00	(0.19)	0.00	0.00	1.54	(2.09)	6.31
DHIL	1.69	0.39	0.27	0.37	1.00	(2.28)	1.65	(2.93)	45.02
SCM	1.01	0.13	0.04	2.22	1.24	(1.05)	1.94	(1.71)	6.78
PNNT	1.09	(0.02)	0.00	0.16	0.00	0.00	2.13	(2.39)	8.32
MCI	0.88	(0.10)	0.00	(0.23)	0.00	0.00	1.84	(2.44)	8.35
PSBD	0.92	0.02	(0.05)	2.09	1.05	(1.14)	2.01	(1.76)	7.22
GLAD	1.03	0.08	(0.02)	(0.14)	1.24	(1.18)	2.03	(2.00)	7.56
LEO	0.37	0.04	(0.06)	0.42	0.32	(0.49)	0.65	(0.64)	2.74
EIC	0.77	(0.16)	0.00	(0.74)	0.00	0.00	1.36	(1.74)	5.28
GIG	0.58	(0.05)	0.00	(0.52)	0.00	0.00	0.92	(1.19)	12.05

Source Capital Corporate Management

Karen Richards	Chief Compliance Officer	Profile
CFA CFA	Portfolio Manager	Profile
Francine Hayes	Secretary	Profile
Steven CFA	Portfolio Manager	Profile
James CPA	Chief Partner	Profile

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