Trinity Capital Correlations

TRIN Stock

USD 14.97 0.17 1.15%

The current 90-days correlation between Trinity Capital and Carlyle Secured Lending is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trinity Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trinity Capital Correlation With Market

Very weak diversification

The correlation between Trinity Capital and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trinity Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Trinity Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Capital guide.

Moving together with Trinity Stock

0.69	SCM	Stellus Capital Inve	Pair Corr
0.74	GLAD	Gladstone Capital	Pair Corr
0.77	HTGC	Hercules Capital	Pair Corr
0.65	MAIN	Main Street Capital	Pair Corr
0.69	PFLT	PennantPark Floating Rate	Pair Corr
0.71	ARCC	Ares Capital	Pair Corr
0.66	CSWC	Capital Southwest	Pair Corr
0.61	C	Citigroup Aggressive Push	Pair Corr
0.62	AX	Axos Financial	Pair Corr
0.63	BN	Brookfield Corp	Pair Corr
0.75	BX	Blackstone Group Normal Trading	Pair Corr
0.68	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.67	CG	Carlyle Group Earnings Call This Week	Pair Corr

Moving against Trinity Stock

0.39	FG	FG Annuities Life	Pair Corr
0.38	CB	Chubb Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CGBD	TSLX	HTGC	TCPC	TPVG	GBDC	NMFC	OFS	FDUS	ECC
CGBD		-0.11	0.25	-0.17	-0.1	0.01	-0.14	0.28	0.03	-0.07	CGBD
TSLX	-0.11		0.9	0.93	0.97	0.9	0.91	0.51	0.95	0.47	TSLX
HTGC	0.25	0.9		0.81	0.89	0.85	0.81	0.65	0.93	0.42	HTGC
TCPC	-0.17	0.93	0.81		0.95	0.93	0.96	0.42	0.92	0.5	TCPC
TPVG	-0.1	0.97	0.89	0.95		0.91	0.91	0.51	0.93	0.46	TPVG
GBDC	0.01	0.9	0.85	0.93	0.91		0.93	0.43	0.95	0.52	GBDC
NMFC	-0.14	0.91	0.81	0.96	0.91	0.93		0.47	0.92	0.65	NMFC
OFS	0.28	0.51	0.65	0.42	0.51	0.43	0.47		0.51	0.41	OFS
FDUS	0.03	0.95	0.93	0.92	0.93	0.95	0.92	0.51		0.49	FDUS
ECC	-0.07	0.47	0.42	0.5	0.46	0.52	0.65	0.41	0.49		ECC
	CGBD	TSLX	HTGC	TCPC	TPVG	GBDC	NMFC	OFS	FDUS	ECC

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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

TPVG	+ 0.97	TSLX
NMFC	+ 0.96	TCPC
FDUS	+ 0.95	TSLX
TPVG	+ 0.95	TCPC
FDUS	+ 0.95	GBDC
TCPC	+ 0.93	TSLX

High negative correlations

TCPC	- 0.17	CGBD
NMFC	- 0.14	CGBD
TSLX	- 0.11	CGBD
TPVG	- 0.1	CGBD
ECC	- 0.07	CGBD

Risk-Adjusted Indicators

There is a big difference between Trinity Stock performing well and Trinity Capital 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 Trinity Capital'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
CGBD	1.02	(0.05)	(0.06)	0.05	1.49	(1.10)	2.09	(3.15)	6.80
TSLX	0.76	0.42	0.22	(1.88)	0.55	(0.91)	1.74	(1.66)	4.63
HTGC	0.88	0.15	0.08	0.40	0.78	(1.04)	1.84	(1.35)	5.60
TCPC	1.15	0.24	0.12	0.76	1.02	(1.35)	2.55	(1.91)	10.54
TPVG	1.54	0.24	0.13	0.40	1.52	(1.74)	3.59	(2.70)	11.08
GBDC	0.82	0.16	0.07	0.51	0.89	(0.89)	1.95	(1.79)	5.07
NMFC	0.92	0.18	0.11	0.49	0.83	(1.09)	2.29	(1.82)	6.31
OFS	1.23	0.09	(0.02)	0.76	1.29	(1.51)	2.92	(2.61)	6.79
FDUS	0.87	0.26	0.18	0.75	0.66	(1.02)	1.87	(1.30)	5.04
ECC	1.01	0.13	0.05	0.44	0.91	(1.20)	2.29	(1.73)	8.53

Trinity Capital Corporate Executives

Elected by the shareholders, the Trinity Capital's board of directors comprises two types of representatives: Trinity Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trinity. The board's role is to monitor Trinity Capital's management team and ensure that shareholders' interests are well served. Trinity Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trinity Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael CPA

CFO Treasurer

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