Capital Southwest Correlations

CSWCZ Stock

25.37 0.03 0.12%

The current 90-days correlation between Capital Southwest and Delta Air Lines is -0.01 (i.e., Good diversification). The correlation of Capital Southwest 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.

Capital Southwest Correlation With Market

Average diversification

The correlation between Capital Southwest and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Southwest and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Capital Stock

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

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

Moving together with Capital Stock

0.85	GS	Goldman Sachs Group	Pair Corr
0.8	AXP	American Express	Pair Corr
0.84	COF	Capital One Financial Earnings Call Tomorrow	Pair Corr
0.84	SCM	Stellus Capital Inve	Pair Corr
0.69	GAIN	Gladstone Investment	Pair Corr
0.88	GLAD	Gladstone Capital	Pair Corr
0.84	HTGC	Hercules Capital	Pair Corr
0.84	MAIN	Main Street Capital	Pair Corr
0.65	OPFI	OppFi Inc	Pair Corr
0.89	PFLT	PennantPark Floating Rate	Pair Corr
0.78	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.81	ALLY	Ally Financial	Pair Corr
0.87	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.83	TPVG	Triplepoint Venture	Pair Corr
0.87	TSLX	Sixth Street Specialty	Pair Corr
0.83	CSWC	Capital Southwest	Pair Corr
0.89	C	Citigroup Aggressive Push	Pair Corr
0.78	L	Loews Corp Earnings Call This Week	Pair Corr
0.78	DHIL	Diamond Hill Investment	Pair Corr
0.72	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.84	AX	Axos Financial Earnings Call This Week	Pair Corr
0.89	BK	Bank of New York	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.79	BX	Blackstone Group Normal Trading	Pair Corr
0.66	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.86	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.88	CM	Canadian Imperial Bank	Pair Corr
0.86	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.68	HG	Hamilton Insurance Group,	Pair Corr
0.8	IX	Orix Corp Ads	Pair Corr

Moving against Capital Stock

0.38	PSEC	Prospect Capital	Pair Corr
0.71	EG	Everest Group	Pair Corr
0.61	FG	FG Annuities Life	Pair Corr
0.37	LX	Lexinfintech Holdings	Pair Corr
0.31	CB	Chubb Earnings Call Today	Pair Corr

Related Correlations Analysis

	DAL	IMTE	PVARF	MAT	FLUT	RYAAY	EVOH
DAL		-0.4	0.57	0.87	0.77	0.79	0.0	DAL
IMTE	-0.4		-0.76	-0.57	-0.59	-0.71	0.0	IMTE
PVARF	0.57	-0.76		0.59	0.8	0.79	0.0	PVARF
MAT	0.87	-0.57	0.59		0.7	0.87	0.0	MAT
FLUT	0.77	-0.59	0.8	0.7		0.79	0.0	FLUT
RYAAY	0.79	-0.71	0.79	0.87	0.79		0.0	RYAAY
EVOH	0.0	0.0	0.0	0.0	0.0	0.0		EVOH
	DAL	IMTE	PVARF	MAT	FLUT	RYAAY	EVOH

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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

MAT	+ 0.87	DAL
RYAAY	+ 0.87	MAT
FLUT	+ 0.8	PVARF
RYAAY	+ 0.79	DAL
RYAAY	+ 0.79	PVARF
RYAAY	+ 0.79	FLUT

High negative correlations

PVARF	- 0.76	IMTE
RYAAY	- 0.71	IMTE
FLUT	- 0.59	IMTE
MAT	- 0.57	IMTE
IMTE	- 0.4	DAL
EVOH	- 0.0	RYAAY

Risk-Adjusted Indicators

There is a big difference between Capital Stock performing well and Capital Southwest 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 Capital Southwest'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
DAL	1.97	0.32	0.18	0.32	1.83	(2.32)	5.79	(4.13)	16.12
IMTE	2.74	0.14	0.00	3.02	2.82	(3.50)	5.93	(4.17)	12.46
PVARF	0.45	0.22	0.00	(67.90)	0.00	0.00	0.00	0.00	15.00
MAT	1.52	0.19	0.16	0.26	1.24	(1.80)	3.53	(2.36)	12.80
FLUT	1.43	0.27	0.16	0.36	1.42	(1.53)	2.86	(2.79)	8.78
RYAAY	1.20	0.30	0.16	0.79	1.07	(1.35)	2.77	(2.04)	10.48
EVOH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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