OFS Credit Correlations

OCCIO Preferred Stock

USD 25.04 0.04 0.16%

The current 90-days correlation between OFS Credit and Gladstone Investment is 0.06 (i.e., Significant 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 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

OFS Credit Correlation With Market

Very poor diversification

The correlation between OFS Credit and DJI is 0.84 (i.e., Very poor 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.

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 to buy it.

Moving together with OFS Preferred Stock

0.77	BK	Bank of New York	Pair Corr
0.9	IVSBF	Investor AB ser	Pair Corr
0.89	IVSXF	Investor AB	Pair Corr
0.62	AMP	Ameriprise Financial	Pair Corr
0.69	NFPDF	Nissin Foods Holdings	Pair Corr
0.89	FMCB	Farmers Merchants Bancorp	Pair Corr
0.79	DAIUF	Daifuku Co	Pair Corr
0.79	FUWAF	Furukawa Electric	Pair Corr
0.78	OZK	Bank Ozk	Pair Corr
0.65	DBMG	DBM Global	Pair Corr
0.75	LEG	Leggett Platt	Pair Corr
0.9	GCUSD	Gold Futures	Pair Corr
0.85	EE	Excelerate Energy	Pair Corr
0.91	UPS	United Parcel Service	Pair Corr
0.7	AKO-A	Embotelladora Andina	Pair Corr
0.78	MITEY	Mitsubishi Estate	Pair Corr
0.81	TATT	Tat Techno	Pair Corr
0.77	CURN	Currency Exchange	Pair Corr
0.81	ABLZF	ABB	Pair Corr
0.75	BMYMP	Bristol Myers Squibb	Pair Corr
0.74	AXIA-P	AXIA Energia SA	Pair Corr
0.86	YLLXF	Yellow Cake plc	Pair Corr
0.78	AGCO	AGCO	Pair Corr

Moving against OFS Preferred Stock

0.65	NDEKY	Nitto Denko Corp	Pair Corr
0.39	ARES	Ares Management LP Downward Rally	Pair Corr
0.33	BX	Blackstone Group	Pair Corr
0.32	KSS	Kohls	Pair Corr

Related Correlations Analysis

	VINP	NCDL	FDUS	ECC	NXP	MSIF	TYG	EIC	GAM	GAIN
VINP		-0.36	0.51	0.26	-0.58	-0.05	-0.4	0.28	0.26	0.3	VINP
NCDL	-0.36		0.03	0.03	0.57	0.38	0.11	-0.18	-0.2	0.19	NCDL
FDUS	0.51	0.03		0.64	-0.52	0.49	-0.39	0.47	0.06	0.37	FDUS
ECC	0.26	0.03	0.64		-0.65	0.71	-0.73	0.84	-0.43	-0.16	ECC
NXP	-0.58	0.57	-0.52	-0.65		-0.25	0.66	-0.68	0.11	0.06	NXP
MSIF	-0.05	0.38	0.49	0.71	-0.25		-0.35	0.47	-0.29	0.02	MSIF
TYG	-0.4	0.11	-0.39	-0.73	0.66	-0.35		-0.71	0.68	0.39	TYG
EIC	0.28	-0.18	0.47	0.84	-0.68	0.47	-0.71		-0.53	-0.34	EIC
GAM	0.26	-0.2	0.06	-0.43	0.11	-0.29	0.68	-0.53		0.72	GAM
GAIN	0.3	0.19	0.37	-0.16	0.06	0.02	0.39	-0.34	0.72		GAIN
	VINP	NCDL	FDUS	ECC	NXP	MSIF	TYG	EIC	GAM	GAIN

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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

EIC	+ 0.84	ECC
GAIN	+ 0.72	GAM
MSIF	+ 0.71	ECC
GAM	+ 0.68	TYG
TYG	+ 0.66	NXP
ECC	+ 0.64	FDUS

High negative correlations

TYG	- 0.73	ECC
EIC	- 0.71	TYG
EIC	- 0.68	NXP
NXP	- 0.65	ECC
NXP	- 0.58	VINP
GAM	- 0.53	EIC

Risk-Adjusted Indicators

There is a big difference between OFS Preferred 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
VINP	1.16	0.05	0.02	0.15	1.26	(1.30)	2.45	(2.13)	5.93
NCDL	1.10	(0.06)	0.00	(0.01)	0.00	0.00	2.68	(2.02)	6.20
FDUS	0.83	(0.12)	0.00	(0.12)	0.00	0.00	1.94	(1.82)	4.87
ECC	1.80	(0.48)	0.00	(0.51)	0.00	0.00	2.69	(5.73)	12.05
NXP	0.29	0.01	(0.15)	(0.56)	0.34	(0.33)	0.57	(0.43)	2.60
MSIF	1.31	(0.04)	0.00	(2.52)	0.00	0.00	2.50	(2.64)	6.43
TYG	0.92	0.19	0.13	1.48	0.80	(1.06)	2.00	(1.15)	6.77
EIC	0.97	(0.24)	0.00	(0.30)	0.00	0.00	1.98	(2.33)	7.18
GAM	0.46	0.07	0.07	0.18	0.33	(0.50)	1.24	(0.83)	2.58
GAIN	0.65	0.01	(0.05)	0.10	0.69	(0.71)	1.41	(1.24)	3.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in OFS Credit without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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OFS Credit Corporate Management

Tod JD	Co Sec	Profile
Jeffrey JD	Treasurer CFO	Profile
Stephen Altebrando	Investor Relations	Profile
Ross Teune	Chief Officer	Profile
Kenneth Brown	Managing Advisor	Profile
Bilal Rashid	Pres Chairman	Profile
Mukya Porter	Chief Officer	Profile

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