Oxford Lane Correlations

OXLC Stock

USD 5.08 0.01 0.20%

The current 90-days correlation between Oxford Lane Capital and Capital Southwest is 0.48 (i.e., Very weak diversification). The correlation of Oxford Lane 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.

Oxford Lane Correlation With Market

Very weak diversification

The correlation between Oxford Lane Capital and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oxford Lane Capital 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 Oxford Lane Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Oxford Stock

0.84	V	Visa Class A	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.81	FDUS	Fidus Investment Corp	Pair Corr
0.84	COF	Capital One Financial	Pair Corr
0.78	DFS	Discover Financial	Pair Corr
0.8	GBDC	Golub Capital BDC	Pair Corr
0.81	NMFC	New Mountain Finance	Pair Corr
0.84	NTRS	Northern Trust	Pair Corr
0.63	ALLY	Ally Financial	Pair Corr
0.84	TCPC	BlackRock TCP Capital	Pair Corr
0.67	TPVG	Triplepoint Venture Earnings Call This Week	Pair Corr
0.76	TSLX	Sixth Street Specialty	Pair Corr
0.8	C	Citigroup	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.88	BK	Bank of New York	Pair Corr

Moving against Oxford Stock

0.64	PYPL	PayPal Holdings	Pair Corr
0.56	AMG	Affiliated Managers	Pair Corr
0.45	FHI	Federated Investors	Pair Corr
0.39	AMTD	AMTD IDEA Group	Pair Corr
0.32	DHIL	Diamond Hill Investment	Pair Corr
0.7	LC	LendingClub Corp	Pair Corr
0.53	EG	Everest Group	Pair Corr
0.43	CM	Canadian Imperial Bank	Pair Corr

Related Correlations Analysis

	CSWC	XFLT	CRF	CLM	GOF	RA	ECC	SCM	PSEC
CSWC		0.04	0.47	0.65	0.85	0.74	0.31	0.76	0.48	CSWC
XFLT	0.04		0.41	0.07	0.03	-0.28	0.16	-0.45	0.61	XFLT
CRF	0.47	0.41		0.87	0.37	0.42	0.47	0.13	0.42	CRF
CLM	0.65	0.07	0.87		0.45	0.67	0.29	0.52	0.22	CLM
GOF	0.85	0.03	0.37	0.45		0.63	0.39	0.64	0.45	GOF
RA	0.74	-0.28	0.42	0.67	0.63		0.35	0.83	0.04	RA
ECC	0.31	0.16	0.47	0.29	0.39	0.35		0.07	0.15	ECC
SCM	0.76	-0.45	0.13	0.52	0.64	0.83	0.07		0.02	SCM
PSEC	0.48	0.61	0.42	0.22	0.45	0.04	0.15	0.02		PSEC
	CSWC	XFLT	CRF	CLM	GOF	RA	ECC	SCM	PSEC

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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

CLM	+ 0.87	CRF
GOF	+ 0.85	CSWC
SCM	+ 0.83	RA
SCM	+ 0.76	CSWC
RA	+ 0.74	CSWC
RA	+ 0.67	CLM

High negative correlations

SCM	- 0.45	XFLT
RA	- 0.28	XFLT

Risk-Adjusted Indicators

There is a big difference between Oxford Stock performing well and Oxford Lane 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 Oxford Lane'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
CSWC	0.70	0.05	0.06	0.15	0.81	(0.78)	1.49	(1.48)	3.87
XFLT	0.69	(0.07)	0.00	(0.54)	0.00	0.00	1.23	(1.57)	5.81
CRF	1.22	(0.09)	0.00	(0.12)	0.00	0.00	1.87	(4.41)	13.52
CLM	1.03	(0.06)	0.00	(0.09)	0.00	0.00	1.62	(3.40)	11.69
GOF	0.45	0.05	0.07	0.26	0.66	(0.45)	1.21	(1.18)	2.92
RA	0.35	0.05	0.13	0.21	0.30	(0.41)	0.70	(0.61)	2.06
ECC	0.59	0.01	0.03	0.11	0.55	(0.83)	2.03	(0.92)	3.60
SCM	0.58	0.18	0.17	0.63	0.71	(0.63)	1.46	(1.14)	4.04
PSEC	0.91	(0.06)	0.00	(0.19)	0.00	0.00	1.83	(2.03)	8.05

Oxford Lane Corporate Management

Fabian Giudici	Head Technology	Profile
Gerald Cummins	Chief Compliance Officer	Profile
Vincent Gurrera	Controller Finance	Profile
Debdeep Maji	Managing Mang	Profile
Joseph Kupka	LLC Funds	Profile

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