Trinity Capital Correlations

TRIN Stock

USD 14.26 0.01 0.07%

The current 90-days correlation between Trinity Capital and Carlyle Secured Lending is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trinity Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trinity Capital Correlation With Market

Weak diversification

The correlation between Trinity Capital and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trinity Capital 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 Trinity 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 gross domestic product.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Capital guide.

Moving together with Trinity Stock

0.69	DHIL	Diamond Hill Investment	Pair Corr
0.75	DIST	Distoken Acquisition	Pair Corr
0.63	AC	Associated Capital	Pair Corr
0.7	BN	Brookfield Corp	Pair Corr
0.64	BX	Blackstone Group Normal Trading	Pair Corr
0.68	CG	Carlyle Group	Pair Corr
0.77	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.68	LC	LendingClub Corp	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.66	MC	Moelis Potential Growth	Pair Corr
0.76	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.77	PX	P10 Inc	Pair Corr
0.61	QD	Qudian Inc	Pair Corr
0.73	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.68	TW	Tradeweb Markets Normal Trading	Pair Corr
0.73	WT	WisdomTree	Pair Corr
0.77	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.79	VIRT	Virtu Financial Normal Trading	Pair Corr
0.62	DYCQ	DT Cloud Acquisition	Pair Corr
0.72	VRTS	Virtus Investment	Pair Corr

Moving against Trinity Stock

0.62	PT	Pintec Technology	Pair Corr
0.62	XP	Xp Inc	Pair Corr
0.51	WU	Western Union	Pair Corr
0.37	RM	Regional Management Corp	Pair Corr
0.68	BRKHW	BurTech Acquisition Corp	Pair Corr
0.47	BRACU	Broad Capital Acquisition	Pair Corr
0.46	BRKHU	BurTech Acquisition Corp	Pair Corr
0.34	TETEW	Technology Telecommunicatio	Pair Corr

Related Correlations Analysis

	CGBD	TSLX	HTGC	TCPC	TPVG	GBDC	NMFC	OFS	FDUS	ECC
CGBD		0.25	0.82	-0.63	-0.59	0.51	-0.06	0.58	-0.21	0.26	CGBD
TSLX	0.25		-0.02	0.24	-0.05	-0.08	0.59	0.23	-0.02	0.07	TSLX
HTGC	0.82	-0.02		-0.55	-0.33	0.77	-0.29	0.56	0.06	0.1	HTGC
TCPC	-0.63	0.24	-0.55		0.83	-0.11	0.29	-0.33	0.61	-0.41	TCPC
TPVG	-0.59	-0.05	-0.33	0.83		0.09	0.09	-0.18	0.83	-0.6	TPVG
GBDC	0.51	-0.08	0.77	-0.11	0.09		-0.55	0.29	0.51	-0.29	GBDC
NMFC	-0.06	0.59	-0.29	0.29	0.09	-0.55		0.19	-0.13	0.14	NMFC
OFS	0.58	0.23	0.56	-0.33	-0.18	0.29	0.19		0.04	0.02	OFS
FDUS	-0.21	-0.02	0.06	0.61	0.83	0.51	-0.13	0.04		-0.77	FDUS
ECC	0.26	0.07	0.1	-0.41	-0.6	-0.29	0.14	0.02	-0.77		ECC
	CGBD	TSLX	HTGC	TCPC	TPVG	GBDC	NMFC	OFS	FDUS	ECC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TPVG	+ 0.83	TCPC
FDUS	+ 0.83	TPVG
HTGC	+ 0.82	CGBD
GBDC	+ 0.77	HTGC
FDUS	+ 0.61	TCPC
NMFC	+ 0.59	TSLX

High negative correlations

ECC	- 0.77	FDUS
TCPC	- 0.63	CGBD
ECC	- 0.6	TPVG
TPVG	- 0.59	CGBD
NMFC	- 0.55	GBDC
TCPC	- 0.55	HTGC

Risk-Adjusted Indicators

There is a big difference between Trinity Stock performing well and Trinity 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 Trinity 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
CGBD	0.83	0.03	(0.05)	0.26	1.05	(0.83)	1.50	(1.71)	4.68
TSLX	0.59	(0.02)	(0.11)	0.05	0.70	(0.63)	1.08	(1.04)	3.65
HTGC	0.79	(0.02)	(0.05)	0.07	0.88	(0.89)	1.56	(1.54)	4.83
TCPC	1.15	(0.07)	(0.04)	0.04	1.36	(1.24)	2.62	(2.05)	11.22
TPVG	1.17	0.07	0.03	0.18	1.26	(1.33)	3.33	(2.20)	11.85
GBDC	0.59	0.00	(0.06)	0.11	0.70	(0.67)	1.42	(1.26)	4.60
NMFC	0.62	(0.09)	0.00	(0.18)	0.00	0.00	1.52	(1.11)	4.41
OFS	0.99	0.04	(0.02)	0.25	1.34	(1.21)	2.26	(2.18)	9.30
FDUS	0.53	0.06	(0.01)	0.29	0.47	(0.59)	1.20	(0.92)	3.15
ECC	0.47	(0.12)	0.00	(0.81)	0.00	0.00	0.78	(1.49)	3.16

Trinity Capital Corporate Management

Sarah JD	General Officer	Profile
Robert DAcquisto	Managing Lending	Profile
Michael Testa	Chief Officer	Profile
Richard Nelson	Technology Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC