Carlyle Secured Correlations

CGBD Stock

USD 13.97 0.19 1.34%

The current 90-days correlation between Carlyle Secured Lending and Sixth Street Specialty is -0.18 (i.e., Good diversification). The correlation of Carlyle Secured 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.

Carlyle Secured Correlation With Market

Very weak diversification

The correlation between Carlyle Secured Lending and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carlyle Secured Lending and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Carlyle Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carlyle Secured Lending. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Carlyle Stock

0.67

HRZN

Horizon Technology

Pair Corr

Moving against Carlyle Stock

0.44	OPFI	OppFi Inc	Pair Corr
0.33	MA	Mastercard	Pair Corr
0.32	V	Visa Class A	Pair Corr
0.48	HG	Hamilton Insurance Group,	Pair Corr
0.45	TW	Tradeweb Markets Earnings Call This Week	Pair Corr
0.44	CB	Chubb Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TSLX	GBDC	FDUS	NMFC	HTGC	TCPC	TRIN	TPVG
TSLX		0.9	0.95	0.91	0.9	0.93	0.57	0.97	TSLX
GBDC	0.9		0.95	0.93	0.85	0.93	0.74	0.91	GBDC
FDUS	0.95	0.95		0.92	0.93	0.92	0.73	0.93	FDUS
NMFC	0.91	0.93	0.92		0.81	0.96	0.61	0.91	NMFC
HTGC	0.9	0.85	0.93	0.81		0.81	0.77	0.89	HTGC
TCPC	0.93	0.93	0.92	0.96	0.81		0.59	0.95	TCPC
TRIN	0.57	0.74	0.73	0.61	0.77	0.59		0.59	TRIN
TPVG	0.97	0.91	0.93	0.91	0.89	0.95	0.59		TPVG
	TSLX	GBDC	FDUS	NMFC	HTGC	TCPC	TRIN	TPVG

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Risk-Adjusted Indicators

There is a big difference between Carlyle Stock performing well and Carlyle Secured 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 Carlyle Secured'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
TSLX	0.76	0.42	0.22	(1.88)	0.55	(0.91)	1.74	(1.66)	4.63
GBDC	0.82	0.16	0.07	0.51	0.89	(0.89)	1.95	(1.79)	5.07
FDUS	0.87	0.26	0.18	0.75	0.66	(1.02)	1.87	(1.30)	5.04
NMFC	0.92	0.18	0.11	0.49	0.83	(1.09)	2.29	(1.82)	6.31
HTGC	0.88	0.15	0.08	0.40	0.78	(1.04)	1.84	(1.35)	5.60
TCPC	1.15	0.24	0.12	0.76	1.02	(1.35)	2.55	(1.91)	10.54
TRIN	0.98	0.05	0.01	0.20	0.90	(1.30)	2.04	(1.91)	5.45
TPVG	1.54	0.24	0.13	0.40	1.52	(1.74)	3.59	(2.70)	11.08

Carlyle Secured Corporate Management

Michael Hadley	VP Underwriting	Profile
Inoki Suarez	Managing Strategies	Profile
CFA CFA	VP MD	Profile
Jason Zhao	TCG Associate	Profile
Daniel CFA	Managing Credit	Profile
Allison Rudary	Investor Head	Profile
Desiree Annunziato	Principal Treasurer	Profile

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