Oxford Lane Correlations

Stocks . USA . 
Stock . Oxford Lane Capital
OXLCZ Stock  USD 24.01  0.01  0.04%   
The current 90-days correlation between Oxford Lane Capital and Oxford Lane Capital is -0.08 (i.e., Good 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 -0.04 (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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  0.62GS Goldman Sachs GroupPairCorr
  0.92LX Lexinfintech HoldingsPairCorr
  0.73MA MastercardPairCorr
  0.74RM Regional Management CorpPairCorr
  0.67DOMH Dominari HoldingsPairCorr
  0.85GCMGW GCM GrosvenorPairCorr
  0.94DYCQ DT Cloud AcquisitionPairCorr
  0.87VMCA Valuence Merger CorpPairCorr
  0.85EMCGU Embrace Change AcquiPairCorr

Moving against Oxford Stock

  0.89DHIL Diamond Hill InvestmentPairCorr
  0.89WT WisdomTreePairCorr
  0.85WD Walker Dunlop Normal TradingPairCorr
  0.76BX Blackstone GroupPairCorr
  0.68LC LendingClub CorpPairCorr
  0.62RC Ready Capital CorpPairCorr
  0.62TW Tradeweb MarketsPairCorr
  0.37PX P10 IncPairCorr
  0.94VRTS Virtus InvestmentPairCorr
  0.83WULF Terawulf Upward RallyPairCorr
  0.49LGHLW Lion Financial GroupPairCorr
  0.31WSBF Waterstone FinancialPairCorr

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   
OXLCP
+ 0.74
OXLCL
ECCV
+ 0.73
OXLCP
ECCW
+ 0.67
ECCV
ECCV
+ 0.65
OXLCL
ECCW
+ 0.3
OXLCL
ECCW
+ 0.27
OXLCP
  
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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