Oxford Lane Correlations
OXLC Stock | USD 5.60 0.09 1.58% |
The current 90-days correlation between Oxford Lane Capital and Beazer Homes USA is 0.27 (i.e., Modest diversification). The correlation of Oxford Lane 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 Lane Correlation With Market
Modest diversification
The correlation between Oxford Lane Capital and NYA is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oxford Lane Capital and NYA in the same portfolio, assuming nothing else is changed.
Oxford |
Moving together with Oxford Stock
0.67 | BN | Brookfield Corp | PairCorr |
0.64 | AXP | American Express Sell-off Trend | PairCorr |
0.75 | HLI | Houlihan Lokey | PairCorr |
0.74 | KKR | KKR Co LP Upward Rally | PairCorr |
0.67 | IPXX | Inflection Point Acq | PairCorr |
0.88 | ARCC | Ares Capital Sell-off Trend | PairCorr |
0.7 | ARES | Ares Management LP | PairCorr |
0.76 | AC | Associated Capital | PairCorr |
0.84 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
0.8 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
0.74 | CB | Chubb | PairCorr |
0.68 | DB | Deutsche Bank AG Earnings Call Tomorrow | PairCorr |
0.86 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
0.94 | HG | Hamilton Insurance Report 21st of October 2024 | PairCorr |
0.66 | KB | KB Financial Group | PairCorr |
Moving against Oxford Stock
0.69 | BEN | Franklin Resources Sell-off Trend | PairCorr |
0.6 | CG | Carlyle Group | PairCorr |
0.32 | BAM | Brookfield Asset Man | PairCorr |
0.95 | QD | Qudian Inc | PairCorr |
0.74 | TD | Toronto Dominion Bank Fiscal Year End 5th of December 2024 | PairCorr |
0.7 | XP | Xp Inc | PairCorr |
0.66 | WU | Western Union | PairCorr |
0.63 | MA | Mastercard Earnings Call This Week | 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
|
Risk-Adjusted Indicators
There is a big difference between Oxford Stock performing well and Oxford Lane 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 Lane'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
OGEAX | 0.54 | 0.07 | 0.10 | 2.17 | 0.56 | 1.18 | 2.76 | |||
WLDSW | 9.28 | 0.41 | 0.03 | (0.12) | 11.15 | 28.00 | 91.35 | |||
RBBN | 1.99 | 0.07 | 0.04 | 0.50 | 1.91 | 3.89 | 29.85 | |||
MTSI | 1.57 | 0.06 | 0.03 | 0.04 | 1.97 | 3.37 | 8.26 | |||
IPXX | 0.05 | 0.01 | 0.05 | (1.02) | 0.00 | 0.10 | 0.38 | |||
BZH | 1.96 | (0.10) | 0.00 | (0.04) | 0.00 | 4.51 | 10.36 | |||
KKR | 1.70 | 0.18 | 0.10 | 0.09 | 1.63 | 3.41 | 8.89 | |||
SEAT | 1.91 | (0.04) | 0.00 | (0.03) | 0.00 | 3.40 | 12.26 | |||
SXI | 1.37 | (0.13) | 0.00 | (0.09) | 0.00 | 2.24 | 8.67 | |||
SXC | 1.30 | (0.14) | 0.00 | (0.11) | 0.00 | 2.77 | 11.08 |
Oxford Lane Corporate Management
Gerald Cummins | Chief Compliance Officer | Profile | |
Vincent Gurrera | Controller Finance | Profile | |
Debdeep Maji | Managing Mang | Profile | |
Joseph Kupka | LLC Funds | Profile | |
Christian Mascarinas | LLC Funds | Profile |