Oxford Square Correlations

Stocks . USA . 
Stock . Oxford Square Capital
OXSQG Stock  USD 23.32  0.10  0.43%   
The current 90-days correlation between Oxford Square Capital and Oxford Square Capital is 0.14 (i.e., Average 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

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  0.76GS Goldman Sachs GroupPairCorr
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  0.68MA MastercardPairCorr
  0.68MS Morgan StanleyPairCorr
  0.74RM Regional Management CorpPairCorr
  0.77GCMGW GCM GrosvenorPairCorr
  0.81DYCQ DT Cloud AcquisitionPairCorr
  0.76VMCA Valuence Merger CorpPairCorr
  0.79EMCGU Embrace Change AcquiPairCorr

Moving against Oxford Stock

  0.73WT WisdomTreePairCorr
  0.71TW Tradeweb MarketsPairCorr
  0.69DHIL Diamond Hill InvestmentPairCorr
  0.63WD Walker Dunlop Normal TradingPairCorr
  0.58LC LendingClub CorpPairCorr
  0.54RC Ready Capital CorpPairCorr
  0.47BX Blackstone GroupPairCorr
  0.77VRTS Virtus InvestmentPairCorr
  0.48LGHLW Lion Financial GroupPairCorr

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   
GAINN
+ 0.85
OXSQZ
OXLCL
+ 0.77
OXSQZ
RILYK
+ 0.75
OXSQZ
GAINN
+ 0.72
RILYK
RILYK
+ 0.66
OXLCL
GAINN
+ 0.66
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.

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