Gladstone Capital Correlations

GLADZ Stock

25.22 0.02 0.08%

The current 90-days correlation between Gladstone Capital and Starbucks is -0.08 (i.e., Good diversification). The correlation of Gladstone 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.

Gladstone Capital Correlation With Market

Significant diversification

The correlation between Gladstone Capital and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gladstone Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gladstone 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 unemployment.

For more information on how to buy Gladstone Stock please use our How to Invest in Gladstone Capital guide.

Moving together with Gladstone Stock

0.71	DHIL	Diamond Hill Investment	Pair Corr
0.73	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.66	CG	Carlyle Group	Pair Corr
0.69	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.72	LB	LandBridge Company	Pair Corr
0.71	MC	Moelis	Pair Corr
0.7	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.81	PX	P10 Inc	Pair Corr
0.73	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.66	TW	Tradeweb Markets	Pair Corr
0.71	WT	WisdomTree	Pair Corr
0.65	VALU	Value Line	Pair Corr
0.74	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.64	DPCS	DP Cap Acquisition	Pair Corr
0.77	RJF-PB	Raymond James Financial	Pair Corr
0.67	DSAQ	Direct Selling Acqui	Pair Corr

Moving against Gladstone Stock

0.69	XP	Xp Inc Downward Rally	Pair Corr
0.5	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.49	FR	First Industrial Realty	Pair Corr
0.48	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.44	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.44	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.6	ILLRW	Triller Group Symbol Change	Pair Corr
0.37	VICI	VICI Properties	Pair Corr

Related Correlations Analysis

	SBUX	URI	GSL-PB	HEES	RHP	FTAI
SBUX		0.59	0.2	0.66	0.59	0.72	SBUX
URI	0.59		0.61	0.89	0.92	0.84	URI
GSL-PB	0.2	0.61		0.37	0.51	0.36	GSL-PB
HEES	0.66	0.89	0.37		0.85	0.92	HEES
RHP	0.59	0.92	0.51	0.85		0.88	RHP
FTAI	0.72	0.84	0.36	0.92	0.88		FTAI
	SBUX	URI	GSL-PB	HEES	RHP	FTAI

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Risk-Adjusted Indicators

There is a big difference between Gladstone Stock performing well and Gladstone 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 Gladstone 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
SBUX	0.99	0.01	(0.05)	0.13	1.07	(1.15)	2.01	(2.04)	7.49
URI	1.40	0.01	0.09	0.12	1.29	(1.72)	2.46	(2.03)	12.35
GSL-PB	0.43	0.02	(0.14)	0.20	0.48	(0.49)	1.02	(0.80)	4.03
HEES	1.82	0.07	0.10	0.14	2.05	(1.96)	3.45	(3.22)	15.53
RHP	1.02	0.08	0.09	0.19	0.87	(1.16)	1.94	(1.74)	7.06
FTAI	2.07	0.25	0.13	0.23	2.51	(2.27)	5.02	(3.86)	12.55

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