Crescent Capital Correlations

CCAP Stock

USD 14.23 0.01 0.07%

The current 90-days correlation between Crescent Capital BDC and Gladstone Investment is 0.49 (i.e., Very weak diversification). The correlation of Crescent 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.

Crescent Capital Correlation With Market

Very weak diversification

The correlation between Crescent Capital BDC and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crescent Capital BDC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Crescent Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Capital BDC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Crescent Stock

0.73	JLEN	JLEN Environmental Assets	Pair Corr
0.66	PRIM	Primorus Investments plc	Pair Corr
0.84	LIT	Litigation Capital	Pair Corr
0.75	LFT	Lument Finance Trust	Pair Corr
0.69	GBDC	Golub Capital BDC Earnings Call This Week	Pair Corr
0.89	GSBD	Goldman Sachs BDC	Pair Corr
0.75	HLNE	Hamilton Lane	Pair Corr
0.81	TAVI	Tavistock Investments Plc	Pair Corr
0.78	MFIC	MidCap Financial Inv	Pair Corr

Moving against Crescent Stock

0.64	IEM	Impax Environmental	Pair Corr
0.64	BIOG	Biotech Growth	Pair Corr
0.6	LWI	Lowland Investment	Pair Corr
0.57	HRI	Herald Investment Trust	Pair Corr
0.55	ATT	Allianz Technology Trust	Pair Corr
0.49	VEIL	Vietnam Enterprise	Pair Corr
0.47	WWH	Worldwide Healthcare Earnings Call This Week	Pair Corr
0.43	IPX	Impax Asset Management	Pair Corr
0.74	IBT	International Biotechnology	Pair Corr
0.71	EGL	Ecofin Global Utilities	Pair Corr
0.71	RICA	Ruffer Investment	Pair Corr
0.69	BRWM	Blackrock World Mining	Pair Corr
0.63	CGI	Canadian General Inv	Pair Corr
0.61	MNKS	Monks Investment Trust	Pair Corr
0.61	FCIT	FC Investment Trust	Pair Corr
0.59	PCT	Polar Capital Technology	Pair Corr
0.58	OIT	Odyssean Investment Trust	Pair Corr
0.51	ARR	Aurora Investment Trust	Pair Corr
0.47	MRC	The Mercantile Investment	Pair Corr
0.46	EJFI	EJF Investments	Pair Corr
0.41	ALK	Alkemy Capital Inves	Pair Corr
0.38	MGCI	MG Credit Income	Pair Corr
0.33	BRFI	BlackRock Frontiers	Pair Corr

Related Correlations Analysis

	GAIN	ECC	MSIF	PNNT	GLAD	CION	ALTI	MCI	TCPC
GAIN		0.14	0.29	0.59	0.39	0.53	0.56	0.26	0.47	GAIN
ECC	0.14		0.56	0.71	0.71	0.68	0.3	0.58	0.76	ECC
MSIF	0.29	0.56		0.71	0.76	0.63	0.27	0.23	0.76	MSIF
PNNT	0.59	0.71	0.71		0.93	0.91	0.71	0.43	0.94	PNNT
GLAD	0.39	0.71	0.76	0.93		0.9	0.64	0.26	0.95	GLAD
CION	0.53	0.68	0.63	0.91	0.9		0.75	0.35	0.88	CION
ALTI	0.56	0.3	0.27	0.71	0.64	0.75		0.08	0.54	ALTI
MCI	0.26	0.58	0.23	0.43	0.26	0.35	0.08		0.5	MCI
TCPC	0.47	0.76	0.76	0.94	0.95	0.88	0.54	0.5		TCPC
	GAIN	ECC	MSIF	PNNT	GLAD	CION	ALTI	MCI	TCPC

Risk-Adjusted Indicators

There is a big difference between Crescent Stock performing well and Crescent 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 Crescent 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
GAIN	0.64	(0.08)	(0.12)	0.00	0.84	(0.71)	1.27	(1.28)	5.49
ECC	1.32	(0.14)	0.00	(0.30)	0.00	0.00	2.76	(3.38)	7.98
MSIF	1.09	(0.33)	0.00	(0.21)	0.00	0.00	2.09	(2.29)	8.27
PNNT	0.76	(0.18)	0.00	(0.25)	0.00	0.00	1.24	(1.96)	4.41
GLAD	1.11	(0.54)	0.00	(0.77)	0.00	0.00	1.80	(2.25)	10.09
CION	0.97	(0.11)	0.00	(0.08)	0.00	0.00	2.08	(2.04)	8.45
ALTI	1.88	(0.27)	0.00	(0.08)	0.00	0.00	5.34	(3.14)	10.45
MCI	0.93	(0.03)	(0.06)	0.05	1.44	(0.92)	2.31	(2.44)	8.36
TCPC	1.18	(0.31)	0.00	(1.06)	0.00	0.00	2.05	(2.65)	7.32

Crescent Capital Corporate Management

Daniel McMahon	Senior Relations	Profile
Gerhard Lombard	Chief Officer	Profile
Erik Barrios	Chief Officer	Profile
Raymond Barrios	Managing Director	Profile
George JD	Secretary Counsel	Profile
Kirill Bouek	Controller	Profile

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