Oxford Square Correlations

OXSQ Stock

USD 2.59 0.01 0.38%

The current 90-days correlation between Oxford Square Capital and Horizon Technology Finance is 0.23 (i.e., Modest diversification). The correlation of Oxford Square 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 Square Correlation With Market

Average diversification

The correlation between Oxford Square Capital and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oxford Square 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 Square 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 state.

Moving together with Oxford Stock

0.9	V	Visa Class A	Pair Corr
0.77	MA	Mastercard Sell-off Trend	Pair Corr
0.66	PT	Pintec Technology	Pair Corr
0.69	GDST	Goldenstone Acquisition	Pair Corr
0.65	SNFCA	Security National Earnings Call This Week	Pair Corr
0.89	BBDC	Barings BDC	Pair Corr
0.89	COOP	Mr Cooper Group	Pair Corr
0.71	AC	Associated Capital	Pair Corr
0.89	BK	Bank of New York	Pair Corr

Moving against Oxford Stock

0.67	ORGN	Origin Materials	Pair Corr
0.65	WD	Walker Dunlop	Pair Corr
0.34	SYF	Synchrony Financial	Pair Corr
0.64	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.64	CODI	Compass Diversified	Pair Corr
0.63	BITF	Bitfarms	Pair Corr
0.59	DHIL	Diamond Hill Investment	Pair Corr
0.39	AX	Axos Financial	Pair Corr
0.66	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.55	EG	Everest Group	Pair Corr
0.47	CM	Canadian Imperial Bank	Pair Corr
0.43	BX	Blackstone Group Normal Trading	Pair Corr
0.4	IX	Orix Corp Ads	Pair Corr
0.36	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	ECC	CRF	CLM	GOF	HRZN	WHF	GLAD	PFLT	FDUS	MAIN
ECC		0.53	0.54	-0.26	0.06	0.24	0.42	-0.05	0.38	0.36	ECC
CRF	0.53		0.97	-0.55	-0.02	-0.01	0.62	-0.2	0.25	0.49	CRF
CLM	0.54	0.97		-0.41	0.14	0.14	0.69	-0.02	0.44	0.64	CLM
GOF	-0.26	-0.55	-0.41		0.66	0.53	-0.23	0.74	0.45	0.2	GOF
HRZN	0.06	-0.02	0.14	0.66		0.72	0.37	0.84	0.83	0.72	HRZN
WHF	0.24	-0.01	0.14	0.53	0.72		0.29	0.63	0.81	0.57	WHF
GLAD	0.42	0.62	0.69	-0.23	0.37	0.29		0.38	0.59	0.83	GLAD
PFLT	-0.05	-0.2	-0.02	0.74	0.84	0.63	0.38		0.75	0.66	PFLT
FDUS	0.38	0.25	0.44	0.45	0.83	0.81	0.59	0.75		0.87	FDUS
MAIN	0.36	0.49	0.64	0.2	0.72	0.57	0.83	0.66	0.87		MAIN
	ECC	CRF	CLM	GOF	HRZN	WHF	GLAD	PFLT	FDUS	MAIN

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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	+ 0.97	CRF
MAIN	+ 0.87	FDUS
PFLT	+ 0.84	HRZN
FDUS	+ 0.83	HRZN
MAIN	+ 0.83	GLAD
FDUS	+ 0.81	WHF

High negative correlations

GOF	- 0.55	CRF
GOF	- 0.41	CLM
GOF	- 0.26	ECC
GLAD	- 0.23	GOF
PFLT	- 0.2	CRF
PFLT	- 0.05	ECC

Risk-Adjusted Indicators

There is a big difference between Oxford Stock performing well and Oxford Square 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 Square'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
ECC	0.70	(0.11)	0.00	(0.76)	0.00	0.00	2.01	(1.49)	6.76
CRF	1.11	(0.14)	0.00	(0.24)	0.00	0.00	1.64	(3.36)	11.53
CLM	0.93	(0.09)	0.00	(0.20)	0.00	0.00	1.39	(3.07)	9.55
GOF	0.47	0.09	0.19	0.29	0.58	(0.47)	0.97	(1.13)	2.89
HRZN	1.08	0.08	0.05	0.50	2.34	(1.07)	1.99	(1.27)	12.67
WHF	1.10	(0.01)	0.00	(0.10)	0.00	0.00	1.92	(2.50)	7.44
GLAD	1.06	0.04	0.05	0.00	1.40	(0.98)	2.28	(1.90)	5.90
PFLT	0.66	0.10	0.15	0.15	0.81	(0.70)	1.45	(1.28)	4.56
FDUS	0.80	0.06	0.08	0.03	1.00	(0.80)	1.62	(1.67)	4.07
MAIN	1.03	0.13	0.11	0.13	1.23	(1.04)	2.09	(1.96)	6.72

Oxford Square Corporate Management

Fabian Giudici	Head Technology	Profile
Gerald Cummins	Chief Compliance Officer	Profile
Vincent Gurrera	Controller Finance	Profile
Debdeep Maji	Sr Management	Profile
Kristin Paul	Director Operations	Profile
Joseph Kupka	Managing Director	Profile

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