PennantPark Floating Correlations
| PFLT Stock | ILA 41.73 0.00 0.00% |
The current 90-days correlation between PennantPark Floating Rate and IDI Insurance is 0.15 (i.e., Average diversification). The correlation of PennantPark Floating 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.
PennantPark Floating Correlation With Market
Average diversification
The correlation between PennantPark Floating Rate and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PennantPark Floating Rate and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to PennantPark Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennantPark Floating when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PennantPark Floating - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PennantPark Floating Rate to buy it.
Moving together with PennantPark Stock
| 0.91 | ALTF | Altshuler Shaham Fin | PairCorr |
| 0.93 | GNRS | Generation Capital | PairCorr |
| 0.89 | MTDS | Meitav Dash Investments | PairCorr |
| 0.93 | IBI | IBI Inv House | PairCorr |
| 0.78 | MISH | Mivtach Shamir | PairCorr |
| 0.93 | MPP | More Provident Funds | PairCorr |
| 0.84 | EMDV | Emilia Devel | PairCorr |
| 0.96 | MRIN | YD More Investments | PairCorr |
| 0.87 | ANLT | Analyst IMS Investment | PairCorr |
| 0.87 | OVRS | Overseas Commerce | PairCorr |
| 0.87 | GOLD | Gold Bond | PairCorr |
| 0.85 | GLRS | Globrands Group | PairCorr |
| 0.96 | BEZQ | Bezeq Israeli Teleco | PairCorr |
| 0.91 | CDEV | Cohen Dev | PairCorr |
| 0.93 | DLEKG | Delek Group | PairCorr |
| 0.79 | ELCRE | Electra Real Estate | PairCorr |
| 0.92 | KEN | Kenon Holdings | PairCorr |
Moving against PennantPark Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between PennantPark Stock performing well and PennantPark Floating 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 PennantPark Floating'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIBI | 1.11 | 0.31 | 0.21 | 1.58 | 0.87 | 2.49 | 5.30 | |||
| MISH | 1.34 | 0.18 | 0.07 | 0.54 | 1.54 | 3.11 | 9.51 | |||
| ATRY | 1.22 | 0.42 | 0.23 | 7.77 | 1.05 | 3.02 | 7.00 | |||
| IDIN | 1.71 | 0.45 | 0.14 | (3.42) | 2.06 | 3.33 | 10.97 | |||
| PEN | 1.17 | 0.60 | 0.60 | 1.44 | 0.00 | 3.66 | 8.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PennantPark Floating without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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PennantPark Floating Corporate Management
Elected by the shareholders, the PennantPark Floating's board of directors comprises two types of representatives: PennantPark Floating inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PennantPark. The board's role is to monitor PennantPark Floating's management team and ensure that shareholders' interests are well served. PennantPark Floating's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PennantPark Floating's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Allorto CPA | CFO Treasurer | Profile | |
| Salvatore III | Partner | Profile | |
| JD Williams | Partner | Profile | |
| Jose Briones | Partner Director | Profile | |
| Thomas Esq | Sec | Profile | |
| Arthur Penn | Chairman Founder | Profile | |
| Guy JD | Chief Officer | Profile |