Eagle Point Correlations

ECCX Stock

USD 24.86 0.10 0.40%

The current 90-days correlation between Eagle Point Credit and Oxford Lane Capital is -0.01 (i.e., Good diversification). The correlation of Eagle Point 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.

Eagle Point Correlation With Market

Good diversification

The correlation between Eagle Point Credit and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Point Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Point Credit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Eagle Stock

0.58	KSPI	Joint Stock	Pair Corr
0.51	VINP	Vinci Partners Inves	Pair Corr
0.37	USIO	Usio Inc	Pair Corr
0.57	PFTAU	Portage Fintech Acqu	Pair Corr
0.46	BRACU	Broad Capital Acquisition	Pair Corr

Related Correlations Analysis

	AJXA	OXLCM	RILYO	RILYZ	DTW
AJXA		0.9	0.64	0.42	-0.65	AJXA
OXLCM	0.9		0.68	0.38	-0.49	OXLCM
RILYO	0.64	0.68		0.25	-0.65	RILYO
RILYZ	0.42	0.38	0.25		-0.53	RILYZ
DTW	-0.65	-0.49	-0.65	-0.53		DTW
	AJXA	OXLCM	RILYO	RILYZ	DTW

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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

OXLCM	+ 0.9	AJXA
RILYO	+ 0.68	OXLCM
RILYO	+ 0.64	AJXA
RILYZ	+ 0.42	AJXA
RILYZ	+ 0.38	OXLCM
RILYZ	+ 0.25	RILYO

High negative correlations

DTW	- 0.65	RILYO
DTW	- 0.65	AJXA
DTW	- 0.53	RILYZ
DTW	- 0.49	OXLCM

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle Point 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 Eagle Point'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
AJXA	0.39	0.03	(0.09)	0.29	0.60	(0.39)	0.68	(0.84)	3.73
OXLCM	0.07	0.01	(1.24)	(0.73)	0.00	(0.10)	0.16	(0.12)	0.41
RILYO	0.41	0.01	(0.18)	0.25	0.42	(0.53)	1.20	(0.86)	2.95
RILYZ	3.31	0.12	0.02	0.23	4.79	(3.36)	5.35	(9.79)	37.57
DTW	0.48	(0.03)	0.00	(0.19)	0.00	0.00	0.99	(1.07)	2.84

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