Trinity Capital Correlations

TRIN Stock

USD 16.52 0.20 1.20%

The current 90-days correlation between Trinity Capital and Goldman Sachs BDC is 0.42 (i.e., Very weak 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

Very poor diversification

The correlation between Trinity Capital and DJI is 0.81 (i.e., Very poor 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.

Build AI portfolio with Trinity Stock

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 various price indices.

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

Moving together with Trinity Stock

0.83	VELO	Velo3D	Pair Corr
0.91	ACQ	Acorn Capital Investment	Pair Corr
0.75	BFK	BlackRock Municipal	Pair Corr
0.74	BFZ	BlackRock California	Pair Corr
0.85	BIT	Blackrock Multi Sector	Pair Corr
0.77	BYM	BlackRock Municipal	Pair Corr
0.69	BTI	Bailador Technology	Pair Corr
0.66	DJW	Djerriwarrh Investments	Pair Corr
0.79	PFLT	PennantPark Floating Rate	Pair Corr
0.82	PIC	Perpetual Equity Inv	Pair Corr
0.75	CGBD	Carlyle Secured Lending	Pair Corr

Moving against Trinity Stock

0.46	FSI	Flagship Investments	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.39	BKRKF	PT Bank Rakyat	Pair Corr
0.38	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	HRZN	GSBD	MFIC	KBDC	CSWC	NMFC	ASA	BCSF	HTFC	CGBD
HRZN		-0.12	-0.07	0.69	0.67	0.13	0.59	0.39	0.55	0.39	HRZN
GSBD	-0.12		0.88	0.2	-0.21	0.73	-0.31	0.14	-0.4	0.24	GSBD
MFIC	-0.07	0.88		0.19	-0.14	0.85	-0.27	0.24	-0.3	0.31	MFIC
KBDC	0.69	0.2	0.19		0.65	0.21	0.53	0.55	0.47	0.52	KBDC
CSWC	0.67	-0.21	-0.14	0.65		0.05	0.92	0.77	0.86	0.78	CSWC
NMFC	0.13	0.73	0.85	0.21	0.05		-0.1	0.44	-0.12	0.44	NMFC
ASA	0.59	-0.31	-0.27	0.53	0.92	-0.1		0.63	0.91	0.69	ASA
BCSF	0.39	0.14	0.24	0.55	0.77	0.44	0.63		0.61	0.89	BCSF
HTFC	0.55	-0.4	-0.3	0.47	0.86	-0.12	0.91	0.61		0.63	HTFC
CGBD	0.39	0.24	0.31	0.52	0.78	0.44	0.69	0.89	0.63		CGBD
	HRZN	GSBD	MFIC	KBDC	CSWC	NMFC	ASA	BCSF	HTFC	CGBD

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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

ASA	+ 0.92	CSWC
HTFC	+ 0.91	ASA
CGBD	+ 0.89	BCSF
MFIC	+ 0.88	GSBD
HTFC	+ 0.86	CSWC
NMFC	+ 0.85	MFIC

High negative correlations

HTFC	- 0.4	GSBD
ASA	- 0.31	GSBD
HTFC	- 0.3	MFIC
ASA	- 0.27	MFIC
CSWC	- 0.21	GSBD
CSWC	- 0.14	MFIC

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
HRZN	1.04	0.23	0.18	0.58	0.80	(1.28)	2.53	(1.59)	11.64
GSBD	0.83	(0.04)	(0.07)	(0.01)	1.02	(0.95)	1.88	(1.93)	4.85
MFIC	0.97	(0.05)	(0.04)	0.01	1.39	(0.99)	2.18	(1.47)	6.99
KBDC	1.02	0.06	0.04	0.14	1.12	(1.14)	2.84	(2.35)	6.04
CSWC	0.86	0.17	0.13	0.27	0.89	(0.92)	2.20	(2.02)	6.18
NMFC	0.84	(0.04)	(0.06)	0.01	1.01	(0.89)	1.66	(1.69)	5.28
ASA	2.07	0.55	0.19	0.67	2.44	(2.33)	4.90	(3.98)	10.60
BCSF	0.93	(0.02)	(0.03)	0.04	1.26	(0.90)	1.93	(1.87)	6.32
HTFC	0.22	0.02	(0.10)	0.32	0.24	(0.25)	0.82	(0.57)	1.80
CGBD	0.98	0.04	0.02	0.12	1.23	(0.98)	2.23	(2.09)	5.52

Trinity Capital Corporate Executives

Elected by the shareholders, the Trinity Capital's board of directors comprises two types of representatives: Trinity Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trinity. The board's role is to monitor Trinity Capital's management team and ensure that shareholders' interests are well served. Trinity Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trinity Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael CPA

CFO Treasurer

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