Oxford Square Correlations
| OXSQZ Stock | USD 24.90 0.00 0.00% |
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
Good diversification
The correlation between Oxford Square Capital and DJI is -0.09 (i.e., Good 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.
Oxford |
Moving together with Oxford Stock
| 0.72 | JSM | Navient SR | PairCorr |
| 0.72 | RCC | Small Cap Premium | PairCorr |
| 0.86 | E | Eni SpA ADR | PairCorr |
| 0.87 | AM | Antero Midstream Partners | PairCorr |
| 0.81 | BP | BP PLC ADR | PairCorr |
| 0.81 | EC | Ecopetrol SA ADR | PairCorr |
| 0.88 | NC | NACCO Industries | PairCorr |
| 0.71 | EPSN | Epsilon Energy Potential Growth | PairCorr |
Moving against Oxford Stock
| 0.78 | EU | enCore Energy Corp | PairCorr |
| 0.71 | BHFAL | Brighthouse Financial | PairCorr |
| 0.66 | HP | Helmerich and Payne | PairCorr |
| 0.61 | SM | SM Energy | PairCorr |
| 0.6 | NE | Noble plc | PairCorr |
| 0.47 | EE | Excelerate Energy | PairCorr |
| 0.4 | EP | Empire Petroleum Corp Earnings Call This Week | PairCorr |
| 0.35 | DK | Delek Energy | PairCorr |
| 0.32 | PR | Permian Resources | PairCorr |
| 0.81 | VIVK | Vivakor | PairCorr |
| 0.74 | DLNG | Dynagas LNG Partners | PairCorr |
| 0.72 | EFXT | Enerflex | PairCorr |
| 0.71 | WFRD | Weatherford International | PairCorr |
| 0.69 | VIST | Vista Oil Gas | PairCorr |
| 0.68 | WTTR | Select Energy Services | PairCorr |
| 0.66 | DMLP | Dorchester Minerals | PairCorr |
| 0.58 | VNOM | Viper Energy Ut | PairCorr |
| 0.5 | VTLE | Vital Energy | PairCorr |
| 0.41 | FANG | Diamondback Energy | PairCorr |
| 0.4 | APA | APA Corporation | PairCorr |
| 0.4 | BKV | BKV Corporation | PairCorr |
| 0.37 | EONR | EON Resources Symbol Change | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OXSQL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OXLCM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RILYO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GECCM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NEWTL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |