Prospect Capital Correlations

PSEC Stock

USD 3.19 0.11 3.33%

The current 90-days correlation between Prospect Capital and PennantPark Floating Rate is 0.63 (i.e., Poor 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

Very weak diversification

The correlation between Prospect Capital and DJI is 0.58 (i.e., Very weak 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 income.

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

Moving together with Prospect Stock

0.75

ORGN

Origin Materials Earnings Call Next Week

Pair Corr

Moving against Prospect Stock

0.61	AC	Associated Capital Earnings Call This Week	Pair Corr
0.47	BLX	Foreign Trade Bank	Pair Corr
0.45	SLRC	SLR Investment Corp Earnings Call This Week	Pair Corr
0.36	AXP	American Express	Pair Corr
0.35	CNNE	Cannae Holdings Earnings Call This Week	Pair Corr
0.56	KB	KB Financial Group	Pair Corr
0.55	HG	Hamilton Insurance Group, Earnings Call This Week	Pair Corr
0.39	CM	Canadian Imperial Bank	Pair Corr
0.37	IX	Orix Corp Ads Earnings Call Next Week	Pair Corr
0.31	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.52	TD	Toronto Dominion Bank	Pair Corr
0.46	RY	Royal Bank	Pair Corr
0.35	MS	Morgan Stanley	Pair Corr

Related Correlations Analysis

	GLAD	HRZN	GAIN	SCM	PFLT	ARCC	HTGC	MAIN
GLAD		0.55	0.68	0.95	0.97	0.98	0.95	0.96	GLAD
HRZN	0.55		0.06	0.6	0.59	0.53	0.66	0.6	HRZN
GAIN	0.68	0.06		0.55	0.58	0.69	0.52	0.6	GAIN
SCM	0.95	0.6	0.55		0.97	0.95	0.95	0.96	SCM
PFLT	0.97	0.59	0.58	0.97		0.96	0.96	0.97	PFLT
ARCC	0.98	0.53	0.69	0.95	0.96		0.94	0.96	ARCC
HTGC	0.95	0.66	0.52	0.95	0.96	0.94		0.97	HTGC
MAIN	0.96	0.6	0.6	0.96	0.97	0.96	0.97		MAIN
	GLAD	HRZN	GAIN	SCM	PFLT	ARCC	HTGC	MAIN

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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	0.81	0.07	0.03	0.25	0.83	(0.91)	1.94	(1.60)	5.93
HRZN	1.34	(0.05)	(0.04)	(0.01)	3.57	(1.14)	2.25	(1.93)	18.49
GAIN	0.78	0.01	(0.07)	0.18	0.75	(0.89)	1.73	(1.36)	4.75
SCM	0.86	0.09	0.01	0.33	1.18	(0.86)	1.53	(2.16)	5.51
PFLT	0.73	0.03	(0.03)	0.21	0.83	(0.81)	1.52	(1.47)	4.73
ARCC	0.65	0.03	(0.03)	0.20	0.84	(0.66)	1.36	(1.68)	4.57
HTGC	0.77	0.05	(0.02)	0.25	0.76	(0.88)	1.67	(1.25)	5.04
MAIN	0.86	0.16	0.13	0.38	0.66	(1.02)	1.76	(1.34)	4.83

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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