Which stocks are most correlated with PSEC?

Based on one year of daily returns, the stocks most correlated with Prospect Capital Corporation (PSEC) are NMFC (0.52), HIPS (0.51) and FBDC (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with PSEC?

Over the past year, the stocks most inversely correlated with Prospect Capital Corporation (PSEC) are HDGE (-0.38), DWSH (-0.37) and FLYD (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Prospect Capital Corporation (PSEC) — Stock Correlations & Overview

Over the past year, PSEC has moved most closely with NMFC, HIPS, FBDC. Explore the stocks most correlated and inversely correlated with PSEC below, along with its price, financials, and company profile.

Stocks correlated with PSEC

Correlation of daily returns. Higher positive values move with PSEC; negative values move opposite it. Informational only, not investment advice.

Most correlated with PSEC

Symbol	Company	Correlation
NMFC	NEW MOUNTAIN FINANCE CORPORATION	0.52
HIPS	GraniteShares HIPS US High Income ETF	0.51
FBDC	FT Confluence BDC & Specialty Finance Income ETF	0.51
PCR	Simplify VettaFi Private Credit Strategy ETF	0.51
PBDC	Putnam BDC Income ETF	0.50

Most inversely correlated with PSEC

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.38
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.37
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.33
QBTZ	Defiance Daily Target 2x Short QBTS ETF	-0.33
SDD	ProShares UltraShort SmallCap600	-0.33

Frequently asked questions about PSEC correlations

Which stocks are most correlated with PSEC?: Based on one year of daily returns, the stocks most correlated with Prospect Capital Corporation (PSEC) are NMFC (0.52), HIPS (0.51) and FBDC (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with PSEC?: Over the past year, the stocks most inversely correlated with Prospect Capital Corporation (PSEC) are HDGE (-0.38), DWSH (-0.37) and FLYD (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these PSEC correlations calculated?: We compute the correlation of daily returns between PSEC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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