WhiteHorse Finance Correlations

WHF Stock

USD 9.99 0.12 1.22%

The current 90-days correlation between WhiteHorse Finance and Monroe Capital Corp is 0.25 (i.e., Modest diversification). The correlation of WhiteHorse Finance 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.

WhiteHorse Finance Correlation With Market

Significant diversification

The correlation between WhiteHorse 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 WhiteHorse Finance and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WhiteHorse 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 rate.

For more detail on how to invest in WhiteHorse Stock please use our How to Invest in WhiteHorse Finance guide.

Moving together with WhiteHorse Stock

0.72	LU	Lufax Holding	Pair Corr
0.73	WD	Walker Dunlop Normal Trading	Pair Corr
0.84	XP	Xp Inc	Pair Corr

Moving against WhiteHorse Stock

0.88	V	Visa Class A	Pair Corr
0.87	DIST	Distoken Acquisition	Pair Corr
0.78	LC	LendingClub Corp	Pair Corr
0.74	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.73	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.64	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.63	DX	Dynex Capital	Pair Corr
0.63	MC	Moelis	Pair Corr
0.57	BN	Brookfield Corp	Pair Corr
0.57	MA	Mastercard	Pair Corr
0.4	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.38	CG	Carlyle Group	Pair Corr
0.77	PX	P10 Inc	Pair Corr
0.66	QD	Qudian Inc	Pair Corr
0.63	RM	Regional Management Corp Normal Trading	Pair Corr
0.63	VCTR	Victory Capital Holdings	Pair Corr
0.62	GCMGW	GCM Grosvenor	Pair Corr
0.57	DMYY	dMY Squared Technology	Pair Corr
0.43	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.32	RC	Ready Capital Corp	Pair Corr
0.84	VIRT	Virtu Financial Earnings Call This Week	Pair Corr
0.7	ENVA	Enova International	Pair Corr
0.63	DYCQ	DT Cloud Acquisition	Pair Corr
0.62	EMCG	Embrace Change Acqui	Pair Corr
0.54	WINV	WinVest Acquisition Corp	Pair Corr
0.5	ESHA	ESH Acquisition Corp	Pair Corr

Related Correlations Analysis

	MRCC	PTMN	FDUS	DHIL	HRZN	GLAD	PFLT	NMFC	TCPC	CGBD
MRCC		-0.78	0.89	0.09	-0.36	0.86	-0.18	0.54	0.82	0.61	MRCC
PTMN	-0.78		-0.92	0.22	0.6	-0.94	0.48	-0.27	-0.73	-0.68	PTMN
FDUS	0.89	-0.92		-0.05	-0.54	0.97	-0.38	0.41	0.87	0.65	FDUS
DHIL	0.09	0.22	-0.05		-0.1	-0.2	-0.04	0.38	0.33	-0.64	DHIL
HRZN	-0.36	0.6	-0.54	-0.1		-0.56	0.9	0.09	-0.5	-0.04	HRZN
GLAD	0.86	-0.94	0.97	-0.2	-0.56		-0.4	0.31	0.79	0.74	GLAD
PFLT	-0.18	0.48	-0.38	-0.04	0.9	-0.4		0.11	-0.38	0.05	PFLT
NMFC	0.54	-0.27	0.41	0.38	0.09	0.31	0.11		0.63	0.21	NMFC
TCPC	0.82	-0.73	0.87	0.33	-0.5	0.79	-0.38	0.63		0.34	TCPC
CGBD	0.61	-0.68	0.65	-0.64	-0.04	0.74	0.05	0.21	0.34		CGBD
	MRCC	PTMN	FDUS	DHIL	HRZN	GLAD	PFLT	NMFC	TCPC	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

GLAD	+ 0.97	FDUS
PFLT	+ 0.9	HRZN
FDUS	+ 0.89	MRCC
TCPC	+ 0.87	FDUS
GLAD	+ 0.86	MRCC
TCPC	+ 0.82	MRCC

High negative correlations

GLAD	- 0.94	PTMN
FDUS	- 0.92	PTMN
PTMN	- 0.78	MRCC
TCPC	- 0.73	PTMN
CGBD	- 0.68	PTMN
CGBD	- 0.64	DHIL

Risk-Adjusted Indicators

There is a big difference between WhiteHorse Stock performing well and WhiteHorse Finance 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 WhiteHorse Finance'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
MRCC	0.98	0.08	0.04	0.48	1.37	(1.00)	2.20	(2.04)	6.33
PTMN	0.65	(0.11)	0.00	(0.61)	0.00	0.00	1.08	(1.65)	4.83
FDUS	0.64	0.20	0.23	1.85	0.52	(0.74)	1.38	(1.30)	4.32
DHIL	1.25	(0.05)	0.00	(0.05)	0.00	0.00	2.30	(2.85)	10.59
HRZN	0.94	(0.13)	0.00	(0.56)	0.00	0.00	1.35	(2.27)	8.98
GLAD	0.92	0.34	0.28	2.57	0.73	(1.05)	2.13	(1.73)	4.15
PFLT	0.62	(0.03)	0.00	(0.09)	0.00	0.00	1.02	(1.31)	4.33
NMFC	0.77	(0.01)	0.00	(0.16)	0.00	0.00	1.90	(1.51)	4.25
TCPC	1.20	0.18	0.12	7.56	1.19	(1.46)	2.03	(1.78)	13.02
CGBD	0.83	0.13	0.11	0.47	0.95	(0.82)	1.80	(1.45)	4.67

WhiteHorse Finance Corporate Management

Joyson Thomas	CFO Officer	Profile
Brian Schaffer	Investor Contact	Profile
Marco Collazos	Chief Officer	Profile
Richard JD	Secretary	Profile

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