Oaktree Specialty Correlations

OCSL Stock

USD 16.28 0.28 1.75%

The current 90-days correlation between Oaktree Specialty Lending and Barings BDC is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oaktree Specialty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oaktree Specialty Lending moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oaktree Specialty Correlation With Market

Very weak diversification

The correlation between Oaktree Specialty Lending and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oaktree Specialty Lending 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 Oaktree Specialty Lending. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Oaktree Stock

0.61	GLSTU	Global Star Acquisition	Pair Corr
0.55	V	Visa Class A	Pair Corr
0.49	ROCL	Roth CH Acquisition	Pair Corr
0.47	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.43	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.42	CNNE	Cannae Holdings	Pair Corr
0.41	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.39	AX	Axos Financial	Pair Corr
0.37	BAM	Brookfield Asset Man	Pair Corr
0.32	BEN	Franklin Resources	Pair Corr
0.32	KKR	KKR Co LP Normal Trading	Pair Corr
0.31	TROW	T Rowe Price	Pair Corr
0.45	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.4	VABK	Virginia National	Pair Corr
0.37	PX	P10 Inc	Pair Corr
0.34	RF	Regions Financial Sell-off Trend	Pair Corr
0.34	WT	WisdomTree	Pair Corr
0.32	GS	Goldman Sachs Group Sell-off Trend	Pair Corr

Related Correlations Analysis

	BBDC	OMF	RWAY	ALLY	ORCC	AGM	GDOT	CPSS	COF	SLM
BBDC		0.51	0.54	0.1	0.23	0.48	-0.23	0.27	0.38	0.57	BBDC
OMF	0.51		0.38	0.33	0.65	0.92	-0.23	0.61	0.91	0.77	OMF
RWAY	0.54	0.38		0.5	0.17	0.49	-0.31	-0.05	0.3	0.47	RWAY
ALLY	0.1	0.33	0.5		-0.15	0.41	-0.26	-0.4	0.11	0.1	ALLY
ORCC	0.23	0.65	0.17	-0.15		0.56	-0.1	0.79	0.83	0.61	ORCC
AGM	0.48	0.92	0.49	0.41	0.56		-0.2	0.54	0.86	0.73	AGM
GDOT	-0.23	-0.23	-0.31	-0.26	-0.1	-0.2		0.12	-0.16	-0.27	GDOT
CPSS	0.27	0.61	-0.05	-0.4	0.79	0.54	0.12		0.79	0.6	CPSS
COF	0.38	0.91	0.3	0.11	0.83	0.86	-0.16	0.79		0.84	COF
SLM	0.57	0.77	0.47	0.1	0.61	0.73	-0.27	0.6	0.84		SLM
	BBDC	OMF	RWAY	ALLY	ORCC	AGM	GDOT	CPSS	COF	SLM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AGM	+ 0.92	OMF
COF	+ 0.91	OMF
COF	+ 0.86	AGM
SLM	+ 0.84	COF
COF	+ 0.83	ORCC
CPSS	+ 0.79	ORCC

High negative correlations

CPSS	- 0.4	ALLY
GDOT	- 0.31	RWAY
SLM	- 0.27	GDOT
GDOT	- 0.26	ALLY
GDOT	- 0.23	OMF
GDOT	- 0.23	BBDC

Risk-Adjusted Indicators

There is a big difference between Oaktree Stock performing well and Oaktree Specialty 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 Oaktree Specialty'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
BBDC	0.67	(0.01)	(0.07)	0.10	0.76	(0.72)	1.34	(1.12)	3.87
OMF	1.74	0.08	0.07	0.17	2.00	(1.93)	3.80	(2.88)	13.70
RWAY	0.81	(0.09)	(0.12)	(0.01)	1.01	(0.84)	1.42	(1.45)	5.11
ALLY	1.53	(0.31)	0.00	(0.04)	0.00	0.00	2.84	(2.91)	19.33
ORCC	0.83	0.16	0.03	(2.05)	0.86	(0.91)	1.66	(1.57)	4.35
AGM	1.27	(0.07)	0.03	0.08	1.25	(1.43)	2.86	(2.24)	12.03
GDOT	2.54	(0.35)	0.00	(0.05)	0.00	0.00	6.15	(5.39)	30.98
CPSS	1.76	0.24	0.11	0.43	1.78	(2.08)	5.02	(3.60)	12.19
COF	1.72	0.17	0.24	0.19	1.17	(2.23)	5.23	(2.39)	18.23
SLM	1.73	0.14	0.15	0.19	1.46	(2.06)	3.71	(2.59)	15.03

Oaktree Specialty Corporate Management

Aman MD	Managing Lending	Profile
Armen JD	CEO Officer	Profile
Sandeep Khorana	Managing Origination	Profile
Michael Mosticchio	IR Contact Officer	Profile
CFA CPA	VP COO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC