Cion Investment Correlations

CION Stock

USD 10.07 0.06 0.59%

The current 90-days correlation between Cion Investment Corp and Acadian Asset Management is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cion Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cion Investment Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cion Investment Correlation With Market

Very weak diversification

The correlation between Cion Investment Corp and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cion Investment Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cion Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Cion Stock, please use our How to Invest in Cion Investment guide.

Moving together with Cion Stock

0.65	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.72	SCM	Stellus Capital Inve	Pair Corr
0.62	GLAD	Gladstone Capital	Pair Corr
0.71	HTGC	Hercules Capital	Pair Corr
0.62	MAIN	Main Street Capital	Pair Corr
0.65	PFLT	PennantPark Floating Rate	Pair Corr
0.62	CGBD	Carlyle Secured Lending	Pair Corr
0.71	CSWC	Capital Southwest	Pair Corr
0.62	C	Citigroup Aggressive Push	Pair Corr
0.65	AX	Axos Financial	Pair Corr
0.61	BN	Brookfield Corp	Pair Corr
0.71	BX	Blackstone Group Normal Trading	Pair Corr
0.73	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.64	CG	Carlyle Group Earnings Call This Week	Pair Corr

Moving against Cion Stock

0.54

Chubb Earnings Call This Week

Pair Corr

Related Correlations Analysis

	AAMI	ICMB	FSCO	MVF	PTMN	IPXHY	DKILF	CCAP	RWAY
AAMI		0.38	0.76	-0.6	0.82	0.67	0.72	-0.48	0.93	AAMI
ICMB	0.38		0.51	-0.24	0.51	0.4	0.23	-0.14	0.5	ICMB
FSCO	0.76	0.51		-0.36	0.62	0.75	0.5	-0.45	0.81	FSCO
MVF	-0.6	-0.24	-0.36		-0.51	-0.69	-0.24	0.77	-0.72	MVF
PTMN	0.82	0.51	0.62	-0.51		0.49	0.54	-0.32	0.81	PTMN
IPXHY	0.67	0.4	0.75	-0.69	0.49		0.35	-0.78	0.82	IPXHY
DKILF	0.72	0.23	0.5	-0.24	0.54	0.35		-0.16	0.57	DKILF
CCAP	-0.48	-0.14	-0.45	0.77	-0.32	-0.78	-0.16		-0.6	CCAP
RWAY	0.93	0.5	0.81	-0.72	0.81	0.82	0.57	-0.6		RWAY
	AAMI	ICMB	FSCO	MVF	PTMN	IPXHY	DKILF	CCAP	RWAY

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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

RWAY	+ 0.93	AAMI
PTMN	+ 0.82	AAMI
RWAY	+ 0.82	IPXHY
RWAY	+ 0.81	FSCO
RWAY	+ 0.81	PTMN
CCAP	+ 0.77	MVF

High negative correlations

CCAP	- 0.78	IPXHY
RWAY	- 0.72	MVF
IPXHY	- 0.69	MVF
RWAY	- 0.6	CCAP
MVF	- 0.6	AAMI
PTMN	- 0.51	MVF

Risk-Adjusted Indicators

There is a big difference between Cion Stock performing well and Cion Investment 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 Cion Investment'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
AAMI	1.24	0.49	0.38	0.63	0.72	(1.57)	3.33	(1.80)	6.92
ICMB	1.64	0.28	0.06	(56.27)	2.08	(1.75)	3.72	(3.96)	9.35
FSCO	0.62	0.13	0.05	0.58	0.47	(0.80)	1.57	(0.85)	5.19
MVF	0.47	(0.08)	0.00	(0.14)	0.00	0.00	1.05	(1.20)	3.01
PTMN	0.98	0.18	0.06	2.67	0.80	(1.20)	2.26	(1.70)	8.53
IPXHY	1.08	0.20	0.02	(0.41)	1.26	(1.15)	2.67	(2.42)	6.50
DKILF	2.60	0.26	0.04	5.48	2.82	(2.78)	5.30	(4.53)	12.12
CCAP	1.16	(0.03)	(0.06)	0.06	1.67	(1.10)	2.20	(2.85)	7.22
RWAY	1.17	0.36	0.22	1.16	0.84	(1.36)	2.45	(1.84)	8.57

Cion Investment Corporate Management

Eric Pinero	Chief Legal Officer	Profile
Earl Hedin	Independent Director	Profile
Aron Schwartz	Independent Director	Profile
Gregg Bresner	President Chief Investment Officer	Profile
Edward Estrada	Independent Director	Profile

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