Triplepoint Venture Correlations

TPVG Stock

USD 7.89 0.15 1.87%

The current 90-days correlation between Triplepoint Venture and Cion Investment Corp is -0.11 (i.e., Good diversification). The correlation of Triplepoint Venture 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.

Triplepoint Venture Correlation With Market

Modest diversification

The correlation between Triplepoint Venture Growth and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triplepoint Venture Growth and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Triplepoint Stock

0.8	BN	Brookfield Corp Earnings Call This Week	Pair Corr
0.72	BX	Blackstone Group	Pair Corr
0.62	ECPG	Encore Capital Group	Pair Corr
0.79	APO	Apollo Global Management Earnings Call This Week	Pair Corr
0.73	AXP	American Express	Pair Corr
0.62	BAM	Brookfield Asset Man Earnings Call This Week	Pair Corr
0.77	KKR	KKR Co LP Earnings Call This Week	Pair Corr
0.74	NTRS	Northern Trust	Pair Corr
0.77	SNFCA	Security National	Pair Corr
0.66	C	Citigroup Earnings Call This Week	Pair Corr
0.87	L	Loews Corp Earnings Call This Week	Pair Corr
0.7	V	Visa Class A	Pair Corr
0.64	BK	Bank of New York	Pair Corr
0.61	FG	FG Annuities Life	Pair Corr

Moving against Triplepoint Stock

0.48	RKT	Rocket Companies	Pair Corr
0.35	CNF	CNFinance Holdings	Pair Corr
0.38	NU	Nu Holdings Buyout Trend	Pair Corr
0.35	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	OWL	TPG	PAX	CION	SEIC
OWL		0.53	0.34	0.48	0.71	OWL
TPG	0.53		0.71	0.27	0.26	TPG
PAX	0.34	0.71		0.32	0.2	PAX
CION	0.48	0.27	0.32		0.32	CION
SEIC	0.71	0.26	0.2	0.32		SEIC
	OWL	TPG	PAX	CION	SEIC

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Risk-Adjusted Indicators

There is a big difference between Triplepoint Stock performing well and Triplepoint Venture 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 Triplepoint Venture'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
OWL	1.82	0.14	0.04	0.37	2.30	(1.91)	3.76	(3.50)	15.84
TPG	1.80	0.03	(0.01)	0.19	2.24	(1.87)	3.75	(3.75)	16.27
PAX	1.54	0.07	0.00	0.47	2.10	(1.59)	2.90	(2.67)	12.27
CION	0.85	0.02	(0.04)	0.22	1.09	(0.93)	1.58	(1.74)	5.99
SEIC	0.93	0.20	0.09	0.71	1.26	(0.97)	1.63	(1.69)	9.37

Triplepoint Venture Corporate Management

Katherine Park	Independent Director	Profile
Steven Levinson	Chief Officer	Profile
Matthew Galiani	Interim Controller	Profile
Christopher CPA	Chief Officer	Profile
Carl Rizzo	Chief Compliance Officer	Profile

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