Oxford Lane Correlations

Stocks . USA . 
Stock . Oxford Lane Capital
OXLCZ Stock  USD 23.86  0.03  0.13%   
The current 90-days correlation between Oxford Lane Capital and Oxford Lane Capital is 0.14 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Oxford Lane Correlation With Market

Good diversification

The correlation between Oxford Lane Capital and DJI is -0.12 (i.e., Good 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 main economic indicators.

Moving together with Oxford Stock

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  0.67DX Dynex CapitalPairCorr
  0.66LU Lufax HoldingPairCorr
  0.64LX Lexinfintech HoldingsPairCorr
  0.7XP Xp IncPairCorr
  0.62DMYY dMY Squared TechnologyPairCorr
  0.63DYCQ DT Cloud AcquisitionPairCorr

Moving against Oxford Stock

  0.64LC LendingClub CorpPairCorr
  0.58MC MoelisPairCorr
  0.57CG Carlyle GroupPairCorr
  0.56RC Ready Capital CorpPairCorr
  0.55BX Blackstone GroupPairCorr
  0.47PX P10 IncPairCorr
  0.42BN Brookfield CorpPairCorr
  0.4RM Regional Management CorpPairCorr
  0.32DHIL Diamond Hill InvestmentPairCorr
  0.31MS Morgan StanleyPairCorr
  0.56VRTS Virtus InvestmentPairCorr
  0.54LGHLW Lion Financial GroupPairCorr
  0.53ECPG Encore Capital GroupPairCorr
  0.51SF Stifel FinancialPairCorr
  0.47VCTR Victory Capital HoldingsPairCorr
  0.47EARN Ellington ResidentialPairCorr
  0.43WT WisdomTreePairCorr
  0.32WD Walker DunlopPairCorr

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   
ECCV
+ 0.82
OXLCP
ECCW
+ 0.78
OXLCP
OXLCP
+ 0.77
OXLCL
ECCV
+ 0.76
OXLCL
ECCW
+ 0.73
OXLCL
ECCW
+ 0.68
ECCV
  
High negative correlations   
ECCW
- 0.0
OXLCM
OXLCM
- 0.0
ECCV
OXLCM
- 0.0
OXLCP
OXLCM
- 0.0
OXLCL

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.

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