OFS Credit Correlations

OCCI Stock

USD 6.82 0.16 2.29%

The current 90-days correlation between OFS Credit and WhiteHorse Finance is -0.07 (i.e., Good diversification). The correlation of OFS Credit 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.

OFS Credit Correlation With Market

Modest diversification

The correlation between OFS Credit and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OFS Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFS 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.

For more detail on how to invest in OFS Stock please use our How to Invest in OFS Credit guide.

Moving together with OFS Stock

0.7	V	Visa Class A	Pair Corr
0.61	LX	Lexinfintech Holdings	Pair Corr
0.67	PT	Pintec Technology	Pair Corr
0.69	DOMH	Dominari Holdings	Pair Corr
0.65	GCMGW	GCM Grosvenor	Pair Corr
0.64	VMCA	Valuence Merger Corp	Pair Corr
0.71	EMCGU	Embrace Change Acqui	Pair Corr

Moving against OFS Stock

0.69	DHIL	Diamond Hill Investment	Pair Corr
0.54	LC	LendingClub Corp	Pair Corr
0.5	BX	Blackstone Group Normal Trading	Pair Corr
0.73	WD	Walker Dunlop	Pair Corr
0.67	WT	WisdomTree	Pair Corr
0.34	RC	Ready Capital Corp	Pair Corr
0.74	VRTS	Virtus Investment	Pair Corr
0.43	LGHLW	Lion Financial Group	Pair Corr

Related Correlations Analysis

	WHF	MRCC	PTMN	FDUS	DHIL	GEG	ICMB	NCZ	CBH	OXLC
WHF		0.63	0.76	0.8	-0.36	0.42	0.5	0.27	0.0	0.61	WHF
MRCC	0.63		0.55	0.77	-0.21	0.18	-0.08	0.55	0.0	0.66	MRCC
PTMN	0.76	0.55		0.75	-0.28	0.32	0.4	0.26	0.0	0.71	PTMN
FDUS	0.8	0.77	0.75		-0.56	0.45	0.35	0.34	0.0	0.68	FDUS
DHIL	-0.36	-0.21	-0.28	-0.56		-0.49	-0.47	0.23	0.0	-0.08	DHIL
GEG	0.42	0.18	0.32	0.45	-0.49		0.48	-0.25	0.0	0.05	GEG
ICMB	0.5	-0.08	0.4	0.35	-0.47	0.48		-0.52	0.0	-0.02	ICMB
NCZ	0.27	0.55	0.26	0.34	0.23	-0.25	-0.52		0.0	0.63	NCZ
CBH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CBH
OXLC	0.61	0.66	0.71	0.68	-0.08	0.05	-0.02	0.63	0.0		OXLC
	WHF	MRCC	PTMN	FDUS	DHIL	GEG	ICMB	NCZ	CBH	OXLC

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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

FDUS	+ 0.8	WHF
FDUS	+ 0.77	MRCC
PTMN	+ 0.76	WHF
FDUS	+ 0.75	PTMN
OXLC	+ 0.71	PTMN
OXLC	+ 0.68	FDUS

High negative correlations

DHIL	- 0.56	FDUS
NCZ	- 0.52	ICMB
GEG	- 0.49	DHIL
ICMB	- 0.47	DHIL
DHIL	- 0.36	WHF
DHIL	- 0.28	PTMN

Risk-Adjusted Indicators

There is a big difference between OFS Stock performing well and OFS Credit 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 OFS Credit'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
WHF	1.04	0.03	0.00	(0.03)	0.00	0.00	1.85	(2.48)	7.36
MRCC	0.88	0.01	0.00	(0.08)	0.00	0.00	1.46	(2.51)	7.09
PTMN	0.77	(0.15)	0.00	0.50	0.00	0.00	1.10	(2.15)	7.96
FDUS	0.79	0.08	0.11	0.03	0.98	(0.82)	1.63	(1.68)	4.10
DHIL	0.87	(0.08)	0.00	(0.20)	0.00	0.00	1.52	(2.53)	5.26
GEG	1.10	0.12	0.08	0.14	1.59	(1.43)	2.70	(2.54)	6.99
ICMB	0.65	0.06	0.12	1.13	0.88	(0.80)	1.87	(2.14)	6.16
NCZ	0.86	(0.08)	0.00	(0.24)	0.00	0.00	1.64	(1.61)	5.31
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OXLC	0.64	(0.08)	0.00	(0.25)	0.00	0.00	1.03	(1.24)	7.52

OFS Credit Corporate Management

Tod JD	Corporate Secretary	Profile
Mukya JD	Chief Officer	Profile
Jeffrey JD	Treasurer CFO	Profile
Kyle Spina	Chief Officer	Profile
Stephen Altebrando	Investor Relations	Profile
Ross Teune	Chief Officer	Profile
Kenneth Brown	Managing Advisor	Profile

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