Blue Owl Correlations
OBDC Stock | 15.09 0.01 0.07% |
The current 90-days correlation between Blue Owl Capital and Stepan Company is 0.3 (i.e., Weak diversification). The correlation of Blue Owl 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.
Blue Owl Correlation With Market
Very weak diversification
The correlation between Blue Owl Capital and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Owl Capital and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Blue Stock
0.87 | GS | Goldman Sachs Group | PairCorr |
0.85 | AXP | American Express | PairCorr |
0.87 | COF | Capital One Financial Earnings Call This Week | PairCorr |
0.89 | SCM | Stellus Capital Inve | PairCorr |
0.8 | GAIN | Gladstone Investment | PairCorr |
0.96 | GLAD | Gladstone Capital | PairCorr |
0.93 | HTGC | Hercules Capital | PairCorr |
0.88 | MAIN | Main Street Capital | PairCorr |
0.66 | OPFI | OppFi Inc | PairCorr |
0.93 | PFLT | PennantPark Floating Rate | PairCorr |
0.8 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
0.86 | ALLY | Ally Financial | PairCorr |
0.96 | ARCC | Ares Capital Earnings Call Next Week | PairCorr |
0.91 | TPVG | Triplepoint Venture | PairCorr |
0.92 | TSLX | Sixth Street Specialty | PairCorr |
0.87 | CSWC | Capital Southwest | PairCorr |
0.9 | C | Citigroup Aggressive Push | PairCorr |
0.82 | L | Loews Corp Earnings Call Next Week | PairCorr |
0.84 | DHIL | Diamond Hill Investment | PairCorr |
0.64 | AB | AllianceBernstein Earnings Call This Week | PairCorr |
0.78 | AC | Associated Capital | PairCorr |
0.87 | AX | Axos Financial Earnings Call Next Week | PairCorr |
0.89 | BK | Bank of New York | PairCorr |
0.91 | BN | Brookfield Corp | PairCorr |
0.86 | BX | Blackstone Group Normal Trading | PairCorr |
0.77 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
0.91 | CG | Carlyle Group Earnings Call This Week | PairCorr |
0.87 | CM | Canadian Imperial Bank | PairCorr |
0.86 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
0.71 | HG | Hamilton Insurance Group, | PairCorr |
0.85 | IX | Orix Corp Ads | PairCorr |
Moving against Blue Stock
Related Correlations Analysis
0.69 | 0.64 | 0.69 | 0.47 | 0.38 | TSLA | ||
0.69 | 0.91 | 0.86 | 0.87 | 0.77 | HDSN | ||
0.64 | 0.91 | 0.91 | 0.85 | 0.78 | SCL | ||
0.69 | 0.86 | 0.91 | 0.83 | 0.72 | ECL | ||
0.47 | 0.87 | 0.85 | 0.83 | 0.91 | ADNT | ||
0.38 | 0.77 | 0.78 | 0.72 | 0.91 | FSI | ||
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Risk-Adjusted Indicators
There is a big difference between Blue Stock performing well and Blue Owl 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 Blue Owl'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TSLA | 2.91 | 0.25 | 0.09 | 0.27 | 3.51 | 6.75 | 24.06 | |||
HDSN | 2.25 | 0.38 | 0.23 | 0.37 | 1.65 | 8.29 | 20.60 | |||
SCL | 1.61 | 0.10 | 0.08 | 0.21 | 1.43 | 3.97 | 10.46 | |||
ECL | 0.83 | 0.08 | 0.05 | 0.23 | 0.85 | 1.83 | 5.79 | |||
ADNT | 2.28 | 0.89 | 0.53 | 0.77 | 1.04 | 6.70 | 13.27 | |||
FSI | 2.39 | 0.59 | 0.16 | 4.48 | 2.38 | 9.09 | 20.69 |