Fidus Investment Correlations

FDUS Stock

USD 19.94 0.01 0.05%

The current 90-days correlation between Fidus Investment Corp and Munivest Fund is 0.6 (i.e., Poor diversification). The correlation of Fidus Investment 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.

Fidus Investment Correlation With Market

Poor diversification

The correlation between Fidus Investment Corp and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidus Investment Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidus 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 employment.

Moving together with Fidus Stock

0.66	V	Visa Class A	Pair Corr
0.87	DHIL	Diamond Hill Investment	Pair Corr
0.83	AC	Associated Capital	Pair Corr
0.7	BN	Brookfield Corp	Pair Corr
0.82	BX	Blackstone Group	Pair Corr
0.88	CG	Carlyle Group	Pair Corr
0.76	DX	Dynex Capital	Pair Corr
0.76	GS	Goldman Sachs Group	Pair Corr
0.72	LC	LendingClub Corp	Pair Corr
0.82	LU	Lufax Holding	Pair Corr
0.65	MA	Mastercard Downward Rally	Pair Corr
0.89	MC	Moelis	Pair Corr
0.73	MS	Morgan Stanley	Pair Corr
0.71	QD	Qudian Inc	Pair Corr
0.91	SF	Stifel Financial	Pair Corr
0.74	TW	Tradeweb Markets	Pair Corr
0.69	WT	WisdomTree	Pair Corr
0.77	VCTR	Victory Capital Holdings	Pair Corr
0.8	VINP	Vinci Partners Inves	Pair Corr
0.91	VRTS	Virtus Investment	Pair Corr
0.81	EARN	Ellington Residential	Pair Corr

Moving against Fidus Stock

0.66

EZPW

EZCORP Inc

Pair Corr

Related Correlations Analysis

	MVF	MQY	FHI	FMN	MYD	NXG	ETX	EOT	NXC
MVF		0.94	0.02	0.82	0.93	0.15	0.12	0.76	0.74	MVF
MQY	0.94		0.17	0.9	0.96	0.34	0.3	0.73	0.83	MQY
FHI	0.02	0.17		0.47	0.24	0.88	0.84	0.53	0.47	FHI
FMN	0.82	0.9	0.47		0.92	0.59	0.58	0.84	0.89	FMN
MYD	0.93	0.96	0.24	0.92		0.34	0.34	0.8	0.87	MYD
NXG	0.15	0.34	0.88	0.59	0.34		0.84	0.51	0.51	NXG
ETX	0.12	0.3	0.84	0.58	0.34	0.84		0.51	0.45	ETX
EOT	0.76	0.73	0.53	0.84	0.8	0.51	0.51		0.81	EOT
NXC	0.74	0.83	0.47	0.89	0.87	0.51	0.45	0.81		NXC
	MVF	MQY	FHI	FMN	MYD	NXG	ETX	EOT	NXC

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Risk-Adjusted Indicators

There is a big difference between Fidus Stock performing well and Fidus 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 Fidus 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
MVF	0.69	(0.08)	0.00	(0.25)	0.00	0.00	1.36	(1.80)	5.00
MQY	0.67	(0.09)	0.00	(0.25)	0.00	0.00	1.29	(2.04)	5.54
FHI	1.26	0.10	0.05	0.13	1.83	(1.28)	2.53	(2.30)	9.08
FMN	0.50	(0.03)	0.00	(0.24)	0.00	0.00	0.87	(0.96)	3.35
MYD	0.72	(0.07)	0.00	(0.23)	0.00	0.00	1.22	(2.45)	5.15
NXG	1.61	0.08	0.03	0.09	2.95	(1.59)	3.53	(3.10)	14.00
ETX	0.42	(0.01)	(0.04)	(0.05)	0.53	(0.48)	0.80	(0.96)	2.77
EOT	0.59	(0.03)	0.00	(0.13)	0.00	0.00	1.19	(1.51)	4.60
NXC	0.52	(0.02)	0.00	(0.10)	0.00	0.00	1.09	(1.33)	2.77

Fidus Investment Corporate Management

Amanda Armstrong	Accounting Manager	Profile
Matthew Shehorn	Managing Director	Profile
Craig Petrusha	Managing Director	Profile
Andrew Worth	Managing Director	Profile
Thomas Steiglehner	Managing Director	Profile
Michael Miller	MD Development	Profile

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