Prospect Capital Correlations

PSEC Stock

USD 2.90 0.11 3.94%

The current 90-days correlation between Prospect Capital and Gladstone Capital is 0.16 (i.e., Average diversification). The correlation of Prospect 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.

Prospect Capital Correlation With Market

Significant diversification

The correlation between Prospect Capital and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prospect Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Prospect Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prospect 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 consumer price index.

For information on how to trade Prospect Stock refer to our How to Trade Prospect Stock guide.

Moving together with Prospect Stock

0.65	AC	Associated Capital	Pair Corr
0.73	RC	Ready Capital Corp	Pair Corr
0.63	ETOR	eToro Group	Pair Corr

Moving against Prospect Stock

0.66	DOMH	Dominari Holdings	Pair Corr
0.61	LC	LendingClub Corp	Pair Corr
0.51	GCMGW	GCM Grosvenor	Pair Corr
0.42	MA	Mastercard Sell-off Trend	Pair Corr
0.42	VCTR	Victory Capital Holdings	Pair Corr
0.41	MS	Morgan Stanley	Pair Corr
0.36	PX	P10 Inc	Pair Corr
0.35	CG	Carlyle Group	Pair Corr
0.35	SF	Stifel Financial	Pair Corr
0.33	MC	Moelis	Pair Corr
0.32	GS	Goldman Sachs Group	Pair Corr
0.76	ANSCU	Agriculture Natural	Pair Corr
0.73	ANSCW	Agriculture Natural	Pair Corr
0.68	ACR	Acres Commercial Realty	Pair Corr
0.63	FBRT	Franklin BSP Realty	Pair Corr
0.54	ESHA	ESH Acquisition Corp	Pair Corr
0.47	DYCQ	DT Cloud Acquisition	Pair Corr
0.47	ARI	Apollo Commercial Real	Pair Corr
0.44	ECPG	Encore Capital Group	Pair Corr
0.4	EFC	Ellington Financial	Pair Corr
0.36	ABR	Arbor Realty Trust	Pair Corr
0.36	BLK	BlackRock	Pair Corr
0.33	VINP	Vinci Partners Inves	Pair Corr

Related Correlations Analysis

	GLAD	HRZN	GAIN	SCM	PFLT	ARCC	HTGC	MAIN
GLAD		0.87	-0.05	0.75	0.95	0.9	0.5	0.58	GLAD
HRZN	0.87		-0.24	0.41	0.78	0.67	0.2	0.28	HRZN
GAIN	-0.05	-0.24		0.12	-0.1	0.05	0.12	0.14	GAIN
SCM	0.75	0.41	0.12		0.82	0.9	0.87	0.9	SCM
PFLT	0.95	0.78	-0.1	0.82		0.94	0.65	0.7	PFLT
ARCC	0.9	0.67	0.05	0.9	0.94		0.8	0.84	ARCC
HTGC	0.5	0.2	0.12	0.87	0.65	0.8		0.97	HTGC
MAIN	0.58	0.28	0.14	0.9	0.7	0.84	0.97		MAIN
	GLAD	HRZN	GAIN	SCM	PFLT	ARCC	HTGC	MAIN

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

MAIN	+ 0.97	HTGC
PFLT	+ 0.95	GLAD
ARCC	+ 0.94	PFLT
ARCC	+ 0.9	GLAD
ARCC	+ 0.9	SCM
MAIN	+ 0.9	SCM

High negative correlations

GAIN	- 0.24	HRZN
PFLT	- 0.1	GAIN
GAIN	- 0.05	GLAD

Risk-Adjusted Indicators

There is a big difference between Prospect Stock performing well and Prospect 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 Prospect 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
GLAD	0.71	(0.05)	(0.12)	0.01	0.83	(0.73)	1.34	(1.25)	3.58
HRZN	1.06	(0.12)	0.00	(0.22)	0.00	0.00	2.03	(2.74)	7.47
GAIN	0.67	(0.05)	0.00	(0.04)	0.00	0.00	1.49	(1.13)	3.54
SCM	0.69	0.11	0.05	0.39	0.77	(0.74)	1.42	(1.03)	4.64
PFLT	0.63	(0.01)	(0.08)	0.07	0.77	(0.67)	1.11	(1.37)	3.05
ARCC	0.48	(0.01)	(0.08)	0.09	0.62	(0.51)	0.98	(1.10)	3.14
HTGC	0.69	0.12	0.07	0.37	0.58	(0.75)	1.48	(1.27)	3.62
MAIN	0.76	0.19	0.16	0.47	0.53	(0.87)	1.70	(1.10)	5.39

Prospect Capital Corporate Management

Jonathan JD	Deputy Counsel	Profile
Bart JD	Managing Director	Profile
Jonathan Li	Deputy Counsel	Profile
David Belzer	Managing Director	Profile
Trisha Blackman	Head Administration	Profile
Al Faella	Chief Officer	Profile

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