XAI Octagon Correlations

XFLT Stock

USD 7.05 0.03 0.43%

The current 90-days correlation between XAI Octagon Floating and Cornerstone Strategic Return is 0.2 (i.e., Modest diversification). The correlation of XAI Octagon 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.

XAI Octagon Correlation With Market

Average diversification

The correlation between XAI Octagon Floating and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XAI Octagon Floating and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XAI Octagon Floating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with XAI Stock

0.87	V	Visa Class A	Pair Corr
0.7	DHIL	Diamond Hill Investment	Pair Corr
0.93	DIST	Distoken Acquisition	Pair Corr
0.72	AB	AllianceBernstein	Pair Corr
0.72	AC	Associated Capital	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.92	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.86	CG	Carlyle Group	Pair Corr
0.94	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.97	LC	LendingClub Corp	Pair Corr
0.78	LX	Lexinfintech Holdings Trending	Pair Corr
0.89	MA	Mastercard	Pair Corr
0.77	MC	Moelis	Pair Corr
0.95	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.88	PX	P10 Inc	Pair Corr
0.87	QD	Qudian Inc	Pair Corr
0.94	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.7	TW	Tradeweb Markets	Pair Corr
0.91	WT	WisdomTree	Pair Corr
0.94	VCTR	Victory Capital Holdings	Pair Corr
0.62	GCMGW	GCM Grosvenor	Pair Corr
0.84	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.8	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against XAI Stock

0.58	RM	Regional Management Corp	Pair Corr
0.53	PT	Pintec Technology	Pair Corr
0.52	RC	Ready Capital Corp	Pair Corr
0.84	WU	Western Union Sell-off Trend	Pair Corr
0.83	XP	Xp Inc	Pair Corr
0.51	BRACU	Broad Capital Acquisition	Pair Corr
0.48	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.42	EARN	Ellington Residential	Pair Corr
0.31	TETEW	Technology Telecommunicatio	Pair Corr

Related Correlations Analysis

	OXLC	CSWC	CRF	CLM	PDO	PFN	MEGI	PCN	ECC
OXLC		-0.75	0.87	0.87	-0.34	0.38	-0.64	0.39	-0.43	OXLC
CSWC	-0.75		-0.6	-0.67	0.63	0.01	0.82	-0.14	0.57	CSWC
CRF	0.87	-0.6		0.99	-0.16	0.6	-0.49	0.64	-0.64	CRF
CLM	0.87	-0.67	0.99		-0.24	0.53	-0.57	0.6	-0.7	CLM
PDO	-0.34	0.63	-0.16	-0.24		0.56	0.71	0.5	0.32	PDO
PFN	0.38	0.01	0.6	0.53	0.56		0.22	0.86	-0.1	PFN
MEGI	-0.64	0.82	-0.49	-0.57	0.71	0.22		0.12	0.53	MEGI
PCN	0.39	-0.14	0.64	0.6	0.5	0.86	0.12		-0.4	PCN
ECC	-0.43	0.57	-0.64	-0.7	0.32	-0.1	0.53	-0.4		ECC
	OXLC	CSWC	CRF	CLM	PDO	PFN	MEGI	PCN	ECC

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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	+ 0.99	CRF
CRF	+ 0.87	OXLC
CLM	+ 0.87	OXLC
PCN	+ 0.86	PFN
MEGI	+ 0.82	CSWC
MEGI	+ 0.71	PDO

High negative correlations

CSWC	- 0.75	OXLC
ECC	- 0.7	CLM
CLM	- 0.67	CSWC
ECC	- 0.64	CRF
MEGI	- 0.64	OXLC
CRF	- 0.6	CSWC

Risk-Adjusted Indicators

There is a big difference between XAI Stock performing well and XAI Octagon 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 XAI Octagon'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
OXLC	0.43	0.03	(0.11)	0.29	0.43	(0.53)	0.95	(0.59)	3.24
CSWC	0.85	(0.10)	0.00	(0.04)	0.00	0.00	1.67	(1.46)	8.65
CRF	0.64	0.26	0.25	0.59	0.00	(0.85)	1.81	(0.99)	3.89
CLM	0.58	0.26	0.33	0.58	0.00	(0.84)	1.75	(0.76)	2.82
PDO	0.47	0.04	(0.10)	0.73	0.70	(0.43)	0.91	(1.01)	2.88
PFN	0.26	0.06	(0.12)	1.28	0.23	(0.35)	0.66	(0.53)	2.28
MEGI	0.76	0.01	(0.09)	0.22	0.97	(0.85)	1.45	(1.94)	5.45
PCN	0.29	0.08	(0.04)	0.85	0.36	(0.30)	0.95	(0.43)	3.26
ECC	0.48	(0.09)	0.00	(0.47)	0.00	0.00	1.16	(1.49)	3.16

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