Portman Ridge Correlations

PTMN Stock

USD 12.79 0.01 0.08%

The current 90-days correlation between Portman Ridge Finance and Phenixfin is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Portman Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Portman Ridge Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Portman Ridge Correlation With Market

Significant diversification

The correlation between Portman Ridge Finance and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Portman Ridge Finance and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portman Ridge Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Portman Stock

0.73	DHIL	Diamond Hill Investment	Pair Corr
0.82	DIST	Distoken Acquisition	Pair Corr
0.81	BN	Brookfield Corp	Pair Corr
0.79	BX	Blackstone Group Normal Trading	Pair Corr
0.83	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.75	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.72	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.84	GS	Goldman Sachs Group	Pair Corr
0.81	LC	LendingClub Corp	Pair Corr
0.84	MC	Moelis Earnings Call This Week	Pair Corr
0.79	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.7	QD	Qudian Inc	Pair Corr
0.83	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.82	WT	WisdomTree	Pair Corr
0.73	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.81	VIRT	Virtu Financial,	Pair Corr
0.82	VRTS	Virtus Investment Earnings Call This Week	Pair Corr
0.76	EARN	Ellington Residential	Pair Corr

Moving against Portman Stock

0.68	WU	Western Union	Pair Corr
0.68	GCMGW	GCM Grosvenor	Pair Corr
0.56	ANSCW	Agriculture Natural	Pair Corr
0.4	EZPW	EZCORP Inc	Pair Corr

Related Correlations Analysis

	PFX	OFS	NCZ	WDI	RSF	ICMB	GECC	OXSQ	MRCC
PFX		-0.45	-0.57	-0.69	0.34	-0.6	-0.56	0.53	0.59	PFX
OFS	-0.45		0.56	0.49	-0.21	0.43	0.54	-0.31	0.01	OFS
NCZ	-0.57	0.56		0.95	-0.61	0.52	0.91	-0.68	-0.6	NCZ
WDI	-0.69	0.49	0.95		-0.62	0.56	0.88	-0.69	-0.71	WDI
RSF	0.34	-0.21	-0.61	-0.62		-0.13	-0.6	0.67	0.3	RSF
ICMB	-0.6	0.43	0.52	0.56	-0.13		0.48	-0.41	-0.35	ICMB
GECC	-0.56	0.54	0.91	0.88	-0.6	0.48		-0.63	-0.55	GECC
OXSQ	0.53	-0.31	-0.68	-0.69	0.67	-0.41	-0.63		0.43	OXSQ
MRCC	0.59	0.01	-0.6	-0.71	0.3	-0.35	-0.55	0.43		MRCC
	PFX	OFS	NCZ	WDI	RSF	ICMB	GECC	OXSQ	MRCC

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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

WDI	+ 0.95	NCZ
GECC	+ 0.91	NCZ
GECC	+ 0.88	WDI
OXSQ	+ 0.67	RSF
MRCC	+ 0.59	PFX
NCZ	+ 0.56	OFS

High negative correlations

MRCC	- 0.71	WDI
OXSQ	- 0.69	WDI
WDI	- 0.69	PFX
OXSQ	- 0.68	NCZ
OXSQ	- 0.63	GECC
RSF	- 0.62	WDI

Risk-Adjusted Indicators

There is a big difference between Portman Stock performing well and Portman Ridge 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 Portman Ridge'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
PFX	0.82	(0.14)	0.00	(0.68)	0.00	0.00	2.12	(2.30)	6.06
OFS	1.23	0.09	(0.02)	0.76	1.29	(1.51)	2.92	(2.61)	6.79
NCZ	0.66	0.23	0.24	0.55	0.14	(0.83)	1.64	(1.02)	4.32
WDI	0.38	0.12	0.05	0.65	0.00	(0.46)	0.88	(0.81)	2.36
RSF	0.26	(0.02)	0.00	(0.37)	0.00	0.00	0.49	(0.62)	2.14
ICMB	1.64	0.28	0.06	(56.27)	2.08	(1.75)	3.72	(3.96)	9.35
GECC	0.93	0.30	0.13	(1.78)	0.67	(1.16)	2.72	(1.71)	8.08
OXSQ	0.84	(0.02)	0.00	0.51	0.00	0.00	2.22	(2.13)	7.76
MRCC	1.20	(0.18)	0.00	(0.57)	0.00	0.00	2.08	(2.20)	6.93

Portman Ridge Corporate Management

Brandon Satoren	Secretary Officer	Profile
Edward Goldthorpe	CEO Chairman	Profile
Patrick Schafer	Chief Investment Officer	Profile
David JD	Chief Officer	Profile

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