Oxbridge Correlations

OXBRW Stock

USD 0.42 0.08 15.66%

The current 90-days correlation between Oxbridge Re Holdings and Oxbridge Re Holdings is -0.03 (i.e., Good diversification). The correlation of Oxbridge 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.

Oxbridge Correlation With Market

Good diversification

The correlation between Oxbridge Re Holdings and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oxbridge Re Holdings 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 Oxbridge Re Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Oxbridge Stock

0.72	C	Citigroup Aggressive Push	Pair Corr
0.82	V	Visa Class A	Pair Corr
0.61	AC	Associated Capital	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.73	GL	Globe Life	Pair Corr
0.65	GS	Goldman Sachs Group	Pair Corr

Moving against Oxbridge Stock

0.64	RNR	Renaissancere Holdings	Pair Corr
0.63	MHLD	Maiden Holdings	Pair Corr
0.63	DHIL	Diamond Hill Investment	Pair Corr
0.59	EG	Everest Group	Pair Corr
0.37	GLRE	Greenlight Capital	Pair Corr
0.36	AHL-PD	Aspen Insurance Holdings	Pair Corr
0.34	SPNT	Siriuspoint Sell-off Trend	Pair Corr
0.5	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.45	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	SSREY	HVRRY	SCRYY	SPNT-PB	MHLD	SPNT	BNRE	RGA	OXBR	GLRE
SSREY		0.88	0.89	0.71	-0.89	0.14	0.0	-0.62	-0.5	-0.46	SSREY
HVRRY	0.88		0.82	0.57	-0.68	0.26	0.0	-0.5	-0.68	-0.33	HVRRY
SCRYY	0.89	0.82		0.71	-0.78	0.17	0.0	-0.58	-0.53	-0.48	SCRYY
SPNT-PB	0.71	0.57	0.71		-0.61	0.39	0.0	-0.5	-0.36	-0.4	SPNT-PB
MHLD	-0.89	-0.68	-0.78	-0.61		0.15	0.0	0.53	0.25	0.58	MHLD
SPNT	0.14	0.26	0.17	0.39	0.15		0.0	0.02	-0.52	0.37	SPNT
BNRE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BNRE
RGA	-0.62	-0.5	-0.58	-0.5	0.53	0.02	0.0		0.49	0.44	RGA
OXBR	-0.5	-0.68	-0.53	-0.36	0.25	-0.52	0.0	0.49		0.04	OXBR
GLRE	-0.46	-0.33	-0.48	-0.4	0.58	0.37	0.0	0.44	0.04		GLRE
	SSREY	HVRRY	SCRYY	SPNT-PB	MHLD	SPNT	BNRE	RGA	OXBR	GLRE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SCRYY	+ 0.89	SSREY
HVRRY	+ 0.88	SSREY
SCRYY	+ 0.82	HVRRY
SPNT-PB	+ 0.71	SSREY
SPNT-PB	+ 0.71	SCRYY
GLRE	+ 0.58	MHLD

High negative correlations

MHLD	- 0.89	SSREY
MHLD	- 0.78	SCRYY
OXBR	- 0.68	HVRRY
MHLD	- 0.68	HVRRY
RGA	- 0.62	SSREY
MHLD	- 0.61	SPNT-PB

Risk-Adjusted Indicators

There is a big difference between Oxbridge Stock performing well and Oxbridge 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 Oxbridge'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
SSREY	0.86	0.20	0.22	0.43	0.82	(0.93)	1.97	(1.65)	5.12
HVRRY	1.12	0.15	0.13	0.47	1.37	(1.19)	2.50	(3.05)	6.52
SCRYY	2.42	0.25	0.09	2.89	2.80	(2.92)	5.69	(5.09)	16.03
SPNT-PB	0.19	0.00	0.26	0.01	0.21	(0.22)	0.48	(0.40)	1.08
MHLD	5.52	(0.58)	0.00	(0.46)	0.00	0.00	9.09	(10.00)	53.37
SPNT	1.73	0.08	0.05	0.08	2.16	(1.73)	2.39	(3.57)	19.39
BNRE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RGA	1.36	(0.06)	0.00	(0.12)	0.00	0.00	2.55	(3.43)	12.10
OXBR	4.70	(0.61)	0.00	(0.91)	0.00	0.00	9.34	(8.95)	39.58
GLRE	1.22	(0.11)	0.00	(0.24)	0.00	0.00	2.41	(2.69)	6.11

Oxbridge Corporate Executives

Elected by the shareholders, the Oxbridge's board of directors comprises two types of representatives: Oxbridge inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oxbridge. The board's role is to monitor Oxbridge's management team and ensure that shareholders' interests are well served. Oxbridge's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Oxbridge's outside directors are responsible for providing unbiased perspectives on the board's policies.

Wrendon Timothy

Secretary CFO

Profile

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