OFS Credit Correlations

OCCI Stock

USD 7.08 0.02 0.28%

The current 90-days correlation between OFS Credit and WhiteHorse Finance is -0.15 (i.e., Good diversification). The correlation of OFS Credit 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.

OFS Credit Correlation With Market

Good diversification

The correlation between OFS Credit and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OFS Credit 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 OFS 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.

For more detail on how to invest in OFS Stock please use our How to Invest in OFS Credit guide.

Moving together with OFS Stock

0.63	BN	Brookfield Corp Earnings Call This Week	Pair Corr
0.73	APO	Apollo Global Management Earnings Call Next Week	Pair Corr
0.71	AXP	American Express	Pair Corr
0.62	GCMG	GCM Grosvenor	Pair Corr
0.65	GECC	Great Elm Capital	Pair Corr
0.68	MAIN	Main Street Capital	Pair Corr
0.76	SNFCA	Security National	Pair Corr
0.67	ARES	Ares Management LP Earnings Call This Week	Pair Corr
0.69	C	Citigroup Earnings Call This Week	Pair Corr
0.66	V	Visa Class A	Pair Corr

Moving against OFS Stock

0.71	RKT	Rocket Companies	Pair Corr
0.46	WD	Walker Dunlop	Pair Corr
0.45	CNF	CNFinance Holdings	Pair Corr
0.31	UWMC	UWM Holdings Corp	Pair Corr
0.74	NU	Nu Holdings Buyout Trend	Pair Corr
0.66	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.5	CB	Chubb Sell-off Trend	Pair Corr
0.32	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Related Correlations Analysis

	WHF	MRCC	PTMN	FDUS	DHIL	GEG	ICMB	NCZ	CBH	OXLC
WHF		-0.73	0.89	-0.7	0.02	-0.39	-0.67	-0.59	-0.73	-0.14	WHF
MRCC	-0.73		-0.78	0.92	-0.09	0.27	0.75	0.77	0.83	0.26	MRCC
PTMN	0.89	-0.78		-0.78	0.3	-0.36	-0.77	-0.59	-0.86	-0.01	PTMN
FDUS	-0.7	0.92	-0.78		-0.29	0.33	0.76	0.78	0.92	0.3	FDUS
DHIL	0.02	-0.09	0.3	-0.29		-0.24	-0.22	0.17	-0.52	0.48	DHIL
GEG	-0.39	0.27	-0.36	0.33	-0.24		0.37	0.18	0.41	-0.15	GEG
ICMB	-0.67	0.75	-0.77	0.76	-0.22	0.37		0.7	0.75	-0.01	ICMB
NCZ	-0.59	0.77	-0.59	0.78	0.17	0.18	0.7		0.63	0.52	NCZ
CBH	-0.73	0.83	-0.86	0.92	-0.52	0.41	0.75	0.63		0.09	CBH
OXLC	-0.14	0.26	-0.01	0.3	0.48	-0.15	-0.01	0.52	0.09		OXLC
	WHF	MRCC	PTMN	FDUS	DHIL	GEG	ICMB	NCZ	CBH	OXLC

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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

FDUS	+ 0.92	MRCC
CBH	+ 0.92	FDUS
PTMN	+ 0.89	WHF
CBH	+ 0.83	MRCC
NCZ	+ 0.78	FDUS
NCZ	+ 0.77	MRCC

High negative correlations

CBH	- 0.86	PTMN
FDUS	- 0.78	PTMN
PTMN	- 0.78	MRCC
ICMB	- 0.77	PTMN
CBH	- 0.73	WHF
MRCC	- 0.73	WHF

Risk-Adjusted Indicators

There is a big difference between OFS Stock performing well and OFS Credit 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 OFS Credit'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
WHF	0.96	(0.08)	0.00	(0.85)	0.00	0.00	1.58	(2.15)	6.19
MRCC	0.94	0.16	0.07	1.02	1.05	(0.99)	2.09	(2.03)	6.08
PTMN	0.63	(0.13)	0.00	(0.48)	0.00	0.00	1.08	(1.65)	4.57
FDUS	0.68	0.23	0.19	1.79	0.54	(0.79)	1.38	(1.32)	4.32
DHIL	1.13	(0.06)	0.00	(0.03)	0.00	0.00	2.30	(2.66)	10.59
GEG	1.03	0.03	(0.04)	0.00	1.30	(1.43)	2.70	(2.23)	8.86
ICMB	0.93	0.06	0.00	0.46	0.94	(1.31)	3.19	(1.72)	8.09
NCZ	0.91	0.09	0.04	0.27	0.99	(1.05)	2.24	(1.54)	7.07
CBH	0.13	0.04	(0.18)	(1.47)	0.00	(0.18)	0.22	(0.22)	0.78
OXLC	0.45	0.02	(0.06)	0.15	0.49	(0.58)	1.00	(1.00)	2.96

OFS Credit Corporate Management

Tod JD	Corporate Secretary	Profile
Jeffrey JD	Treasurer CFO	Profile
Kyle Spina	Chief Officer	Profile
Stephen Altebrando	Investor Relations	Profile
Ross Teune	Chief Officer	Profile
Kenneth Brown	Managing Advisor	Profile

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