OFS Credit Correlations

OCCIM Stock

25.06 0.13 0.52%

The current 90-days correlation between OFS Credit , and Prospect Capital is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OFS Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OFS Credit Company, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

OFS Credit Correlation With Market

Average diversification

The correlation between OFS Credit Company, and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OFS Credit Company, and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to OFS Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OFS Credit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OFS Credit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OFS Credit Company, to buy it.

Moving against OFS OTC Stock

0.61	GECCO	Great Elm Capital	Pair Corr
0.52	OCCIO	OFS Credit	Pair Corr
0.5	STT-PG	State Street	Pair Corr
0.49	OCCIN	OFS Credit	Pair Corr
0.49	PFG	Principal Financial	Pair Corr
0.43	OAK-PA	Oaktree Capital Group	Pair Corr
0.4	ATCO-PD	Atlas Corp	Pair Corr
0.4	NTRSO	Northern Trust	Pair Corr
0.37	ATCO-PH	Atlas Corp	Pair Corr
0.35	PSEC-PA	Prospect Capital	Pair Corr
0.47	ECF-PA	Ellsworth Growth	Pair Corr
0.41	APO-PA	Apollo Global Management	Pair Corr
0.4	GGT-PE	The Gabelli Multimedia	Pair Corr
0.31	AB	AllianceBernstein	Pair Corr
0.58	DB	Deutsche Bank AG	Pair Corr
0.49	CG	Carlyle Group	Pair Corr
0.46	AC	Associated Capital	Pair Corr
0.41	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.35	BN	Brookfield Corp	Pair Corr
0.34	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	PSEC-PA	STT-PG	OCCIM	OCCIN	OCCIO	FDUS	GECCO	ATCO-PD	ATCO-PH	AMG
PSEC-PA		0.67	-0.35	0.36	0.3	-0.25	0.36	0.41	0.33	0.53	PSEC-PA
STT-PG	0.67		-0.5	0.24	0.21	-0.38	0.29	0.39	0.31	0.28	STT-PG
OCCIM	-0.35	-0.5		-0.49	-0.52	0.13	-0.61	-0.4	-0.37	-0.5	OCCIM
OCCIN	0.36	0.24	-0.49		0.93	0.47	0.82	0.88	0.89	0.79	OCCIN
OCCIO	0.3	0.21	-0.52	0.93		0.36	0.78	0.8	0.82	0.8	OCCIO
FDUS	-0.25	-0.38	0.13	0.47	0.36		0.24	0.44	0.47	0.29	FDUS
GECCO	0.36	0.29	-0.61	0.82	0.78	0.24		0.76	0.69	0.71	GECCO
ATCO-PD	0.41	0.39	-0.4	0.88	0.8	0.44	0.76		0.91	0.75	ATCO-PD
ATCO-PH	0.33	0.31	-0.37	0.89	0.82	0.47	0.69	0.91		0.69	ATCO-PH
AMG	0.53	0.28	-0.5	0.79	0.8	0.29	0.71	0.75	0.69		AMG
	PSEC-PA	STT-PG	OCCIM	OCCIN	OCCIO	FDUS	GECCO	ATCO-PD	ATCO-PH	AMG

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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

OCCIO	+ 0.93	OCCIN
ATCO-PH	+ 0.91	ATCO-PD
ATCO-PH	+ 0.89	OCCIN
ATCO-PD	+ 0.88	OCCIN
GECCO	+ 0.82	OCCIN
ATCO-PH	+ 0.82	OCCIO

High negative correlations

GECCO	- 0.61	OCCIM
OCCIO	- 0.52	OCCIM
AMG	- 0.5	OCCIM
OCCIM	- 0.5	STT-PG
OCCIN	- 0.49	OCCIM
ATCO-PD	- 0.4	OCCIM

Risk-Adjusted Indicators

There is a big difference between OFS OTC Stock performing well and OFS Credit OTC Stock 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
PSEC-PA	1.63	0.02	(0.03)	0.18	2.25	(1.69)	3.21	(3.94)	10.33
STT-PG	0.33	0.00	(0.28)	0.23	0.35	(0.36)	0.81	(0.61)	1.61
OCCIM	0.20	0.05	(0.32)	1.22	0.00	(0.26)	0.61	(0.28)	0.93
OCCIN	0.20	0.05	(0.22)	(7.43)	0.00	(0.26)	0.55	(0.47)	1.40
OCCIO	0.33	0.03	(0.17)	0.48	0.27	(0.42)	0.98	(0.60)	2.08
FDUS	0.54	0.07	(0.02)	0.32	0.46	(0.59)	1.20	(0.92)	3.15
GECCO	0.27	0.04	(0.22)	(0.17)	0.24	(0.51)	0.90	(0.64)	2.43
ATCO-PD	0.31	0.03	(0.18)	(21.55)	0.33	(0.33)	0.64	(0.60)	2.16
ATCO-PH	0.29	0.03	(0.18)	(1.05)	0.36	(0.30)	0.62	(0.49)	2.27
AMG	1.17	(0.05)	0.01	0.09	1.92	(1.19)	2.55	(1.81)	13.03

OFS Credit Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with OFS Credit otc stock to make a market-neutral strategy. Peer analysis of OFS Credit could also be used in its relative valuation, which is a method of valuing OFS Credit by comparing valuation metrics with similar companies.

Prospect Capital State Street OFS Credit Company, OFS Credit OFS Credit Fidus Investment Corp Great Elm Capital Atlas Corp Atlas Corp Affiliated Managers Group American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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