OFS Capital Correlations

OFS Stock

USD 9.20 0.06 0.65%

The current 90-days correlation between OFS Capital Corp and Monroe Capital Corp is -0.11 (i.e., Good diversification). The correlation of OFS Capital 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.

OFS Capital Correlation With Market

Good diversification

The correlation between OFS Capital Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OFS Capital Corp 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 Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy OFS Stock please use our How to Invest in OFS Capital guide.

Moving together with OFS Stock

0.64	MFA	MFA Financial	Pair Corr
0.72	FORLU	Four Leaf Acquisition	Pair Corr
0.8	CB	Chubb	Pair Corr
0.82	DB	Deutsche Bank AG	Pair Corr
0.69	HG	Hamilton Insurance Group, Normal Trading	Pair Corr

Moving against OFS Stock

0.87	MC	Moelis	Pair Corr
0.84	AXP	American Express Sell-off Trend	Pair Corr
0.8	CG	Carlyle Group Normal Trading	Pair Corr
0.76	BX	Blackstone Group Normal Trading	Pair Corr
0.75	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.72	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.72	BN	Brookfield Corp	Pair Corr
0.66	AX	Axos Financial	Pair Corr
0.63	BY	Byline Bancorp	Pair Corr
0.62	MS	Morgan Stanley	Pair Corr
0.54	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.53	COF	Capital One Financial	Pair Corr
0.51	CIM	Chimera Investment	Pair Corr
0.46	WD	Walker Dunlop	Pair Corr
0.46	ALLY	Ally Financial Normal Trading	Pair Corr
0.39	C	Citigroup Aggressive Push	Pair Corr
0.33	DHIL	Diamond Hill Investment	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.8	CM	Canadian Imperial Bank	Pair Corr
0.8	RF	Regions Financial	Pair Corr
0.76	PX	P10 Inc	Pair Corr
0.76	SF	Stifel Financial	Pair Corr
0.75	RY	Royal Bank	Pair Corr
0.72	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.72	RM	Regional Management Corp Normal Trading	Pair Corr

Related Correlations Analysis

	SCM	FDUS	MRCC	NMFC	PFX	NCZ	WDI	RSF	TCPC
SCM		0.93	0.71	0.79	0.31	0.27	0.88	0.45	0.45	SCM
FDUS	0.93		0.71	0.83	0.24	0.34	0.91	0.45	0.5	FDUS
MRCC	0.71	0.71		0.71	-0.22	0.6	0.63	0.17	0.78	MRCC
NMFC	0.79	0.83	0.71		0.06	0.44	0.85	0.58	0.7	NMFC
PFX	0.31	0.24	-0.22	0.06		-0.74	0.22	0.43	-0.5	PFX
NCZ	0.27	0.34	0.6	0.44	-0.74		0.34	-0.18	0.79	NCZ
WDI	0.88	0.91	0.63	0.85	0.22	0.34		0.6	0.5	WDI
RSF	0.45	0.45	0.17	0.58	0.43	-0.18	0.6		0.1	RSF
TCPC	0.45	0.5	0.78	0.7	-0.5	0.79	0.5	0.1		TCPC
	SCM	FDUS	MRCC	NMFC	PFX	NCZ	WDI	RSF	TCPC

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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	+ 0.93	SCM
WDI	+ 0.91	FDUS
WDI	+ 0.88	SCM
WDI	+ 0.85	NMFC
NMFC	+ 0.83	FDUS
NMFC	+ 0.79	SCM

High negative correlations

NCZ	- 0.74	PFX
TCPC	- 0.5	PFX
PFX	- 0.22	MRCC
RSF	- 0.18	NCZ

Risk-Adjusted Indicators

There is a big difference between OFS Stock performing well and OFS 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 OFS 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
SCM	0.86	0.12	0.07	0.32	1.92	(0.78)	1.51	(1.23)	10.22
FDUS	0.79	0.02	0.09	0.37	0.97	(0.82)	1.64	(1.65)	4.12
MRCC	0.86	(0.01)	0.00	(0.08)	0.00	0.00	1.46	(2.51)	7.09
NMFC	0.72	(0.02)	0.00	0.16	0.00	0.00	1.30	(1.82)	3.51
PFX	1.07	0.21	0.27	(0.73)	0.84	(1.38)	3.38	(1.94)	5.78
NCZ	0.85	(0.08)	0.00	(0.22)	0.00	0.00	1.64	(1.61)	5.31
WDI	0.47	0.00	0.09	(0.12)	0.68	(0.48)	0.86	(1.02)	3.00
RSF	0.38	0.00	0.15	(0.04)	0.47	(0.45)	0.95	(0.74)	2.89
TCPC	1.23	(0.20)	0.00	0.93	0.00	0.00	2.28	(3.27)	13.22

OFS Capital Corporate Management

Tod JD	Corporate Secretary	Profile
Mukya JD	Chief Officer	Profile
Jeffrey JD	Treasurer CFO	Profile
Kyle Spina	Chief Officer	Profile
Stephen Altebrando	VP Relations	Profile
Ross Teune	Chief Officer	Profile

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