Eagle Point Correlations

ECCW Stock

USD 24.28 0.24 1.00%

The current 90-days correlation between Eagle Point Credit and Oxford Lane Capital is -0.06 (i.e., Good diversification). The correlation of Eagle Point 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.

Eagle Point Correlation With Market

Very good diversification

The correlation between Eagle Point Credit and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Eagle Stock

0.62	BRK-A	Berkshire Hathaway	Pair Corr
0.63	MMSI	Merit Medical Systems	Pair Corr
0.79	CVX	Chevron Corp	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr

Moving against Eagle Stock

0.52	GOOG	Alphabet Class C	Pair Corr
0.45	AAPL	Apple Inc	Pair Corr
0.33	ISRMF	iShares MSCI	Pair Corr

Related Correlations Analysis

	OXLCL	ECCX	ECCC	ECCV	BWSN
OXLCL		0.75	0.08	0.62	0.16	OXLCL
ECCX	0.75		0.22	0.8	0.22	ECCX
ECCC	0.08	0.22		0.52	0.76	ECCC
ECCV	0.62	0.8	0.52		0.45	ECCV
BWSN	0.16	0.22	0.76	0.45		BWSN
	OXLCL	ECCX	ECCC	ECCV	BWSN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle Point 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 Eagle Point'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
OXLCL	0.32	0.01	0.16	(4.27)	0.53	(0.30)	0.64	(0.55)	3.03
ECCX	0.35	0.07	0.31	0.62	0.26	(0.40)	0.77	(0.69)	1.66
ECCC	0.30	0.01	0.18	(0.03)	0.40	(0.35)	0.79	(0.66)	2.88
ECCV	0.19	0.01	0.34	(0.21)	0.21	(0.20)	0.39	(0.48)	1.14
BWSN	0.80	0.02	0.08	(0.03)	0.91	(0.88)	1.96	(1.35)	5.39

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC