Oxford Square Correlations

OXSQG Stock

USD 23.25 0.18 0.77%

The current 90-days correlation between Oxford Square Capital and Oxford Square Capital is 0.2 (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.

Oxford Square Correlation With Market

Modest diversification

The correlation between Oxford Square Capital and DJI is 0.22 (i.e., Modest 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 producer price index.

Moving together with Oxford Stock

0.75	V	Visa Class A	Pair Corr
0.71	DB	Deutsche Bank AG	Pair Corr
0.73	DX	Dynex Capital	Pair Corr
0.73	LX	Lexinfintech Holdings	Pair Corr
0.67	XP	Xp Inc	Pair Corr
0.65	GCMGW	GCM Grosvenor	Pair Corr
0.65	DYCQ	DT Cloud Acquisition	Pair Corr
0.79	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Oxford Stock

0.67	WT	WisdomTree	Pair Corr
0.63	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.61	DHIL	Diamond Hill Investment	Pair Corr
0.52	WD	Walker Dunlop	Pair Corr
0.46	RC	Ready Capital Corp	Pair Corr
0.4	BX	Blackstone Group Normal Trading	Pair Corr
0.76	VRTS	Virtus Investment	Pair Corr
0.56	LGHLW	Lion Financial Group	Pair Corr
0.34	ESHA	ESH Acquisition Corp	Pair Corr

Related Correlations Analysis

	OXSQZ	OXLCL	OXSQL	RILYK	GAINN
OXSQZ		0.74	0.0	0.76	0.88	OXSQZ
OXLCL	0.74		0.0	0.7	0.71	OXLCL
OXSQL	0.0	0.0		0.0	0.0	OXSQL
RILYK	0.76	0.7	0.0		0.74	RILYK
GAINN	0.88	0.71	0.0	0.74		GAINN
	OXSQZ	OXLCL	OXSQL	RILYK	GAINN

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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

GAINN	+ 0.88	OXSQZ
RILYK	+ 0.76	OXSQZ
OXLCL	+ 0.74	OXSQZ
GAINN	+ 0.74	RILYK
GAINN	+ 0.71	OXLCL
RILYK	+ 0.7	OXLCL

High negative correlations

GAINN	- 0.0	OXSQL
RILYK	- 0.0	OXSQL
OXSQL	- 0.0	OXLCL
OXSQL	- 0.0	OXSQZ

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
OXSQZ	0.23	0.03	0.26	(0.89)	0.20	(0.29)	0.66	(0.45)	1.83
OXLCL	0.34	0.00	0.12	0.02	0.54	(0.31)	0.69	(0.56)	2.95
OXSQL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RILYK	1.06	0.12	0.14	0.52	1.10	(1.46)	4.21	(2.50)	10.05
GAINN	0.25	0.04	0.24	1.21	0.26	(0.30)	0.65	(0.56)	1.93

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