OFS Credit Correlations

OCCI Stock  USD 7.05  0.02  0.28%   
The current 90-days correlation between OFS Credit and WhiteHorse Finance is 0.13 (i.e., Average 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

Very good diversification

The correlation between OFS Credit and DJI is -0.23 (i.e., Very good 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 against OFS Stock

  0.38AMG Affiliated ManagersPairCorr
  0.37DHIL Diamond Hill InvestmentPairCorr
  0.31AMTD AMTD IDEA GroupPairCorr
  0.56EG Everest GroupPairCorr
  0.56KB KB Financial GroupPairCorr
  0.35CB ChubbPairCorr

Related Correlations Analysis

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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   
FDUSMRCC
PTMNWHF
OXLCFDUS
ICMBWHF
OXLCPTMN
OXLCWHF
  
High negative correlations   
DHILFDUS
DHILMRCC
ICMBDHIL
GEGDHIL
OXLCDHIL
DHILWHF

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WHF  0.84  0.17  0.15  1.17  1.08 
 1.58 
 5.82 
MRCC  0.82  0.11  0.11  0.32  1.05 
 1.60 
 6.08 
PTMN  0.58  0.04  0.07  0.10  0.66 
 1.05 
 4.76 
FDUS  0.62  0.22  0.31  0.48  0.44 
 1.38 
 3.18 
DHIL  0.86 (0.20) 0.00 (0.25) 0.00 
 1.43 
 5.44 
GEG  0.91  0.09  0.07  0.37  1.07 
 2.22 
 6.99 
ICMB  0.67  0.06  0.08 (0.31) 0.75 
 1.87 
 7.20 
NCZ  0.88 (0.03) 0.00 (0.07) 0.00 
 1.62 
 5.26 
CBH  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
OXLC  0.41  0.04  0.08  0.08  0.46 
 1.01 
 2.37 

OFS Credit Corporate Management

Tod JDCorporate SecretaryProfile
Mukya JDChief OfficerProfile
Jeffrey JDTreasurer CFOProfile
Kyle SpinaChief OfficerProfile
Stephen AltebrandoInvestor RelationsProfile
Ross TeuneChief OfficerProfile
Kenneth BrownManaging AdvisorProfile