OFS Capital Correlations

OFS Stock

USD 4.15 0.01 0.24%

The current 90-days correlation between OFS Capital Corp and Hennessy Ad is 0.08 (i.e., Significant diversification). The correlation of OFS Capital 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.

OFS Capital Correlation With Market

Good diversification

The correlation between OFS Capital Corp and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OFS Capital Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with OFS Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFS Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy OFS Stock please use our How to Invest in OFS Capital guide.

Moving against OFS Stock

0.47	RA	Brookfield Real Assets	Pair Corr
0.38	FT	Franklin Universal Closed	Pair Corr
0.35	HHI	Henderson High Income	Pair Corr
0.42	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.31	ALPN	Alpine Select AG	Pair Corr
0.46	8KF	ICHIYOSHI SECS LTD	Pair Corr

Related Correlations Analysis

	HNNA	GECC	PFX	STKE	GRAN	IOR	SSEA	CPBI	FDSB
HNNA		0.41	0.24	0.15	-0.43	-0.04	0.31	0.08	-0.08	HNNA
GECC	0.41		0.32	0.83	-0.27	0.21	-0.57	-0.61	-0.62	GECC
PFX	0.24	0.32		0.44	-0.15	0.27	-0.27	-0.31	-0.45	PFX
STKE	0.15	0.83	0.44		-0.2	0.23	-0.8	-0.76	-0.73	STKE
GRAN	-0.43	-0.27	-0.15	-0.2		-0.25	0.02	0.39	0.58	GRAN
IOR	-0.04	0.21	0.27	0.23	-0.25		-0.22	-0.37	-0.43	IOR
SSEA	0.31	-0.57	-0.27	-0.8	0.02	-0.22		0.87	0.75	SSEA
CPBI	0.08	-0.61	-0.31	-0.76	0.39	-0.37	0.87		0.94	CPBI
FDSB	-0.08	-0.62	-0.45	-0.73	0.58	-0.43	0.75	0.94		FDSB
	HNNA	GECC	PFX	STKE	GRAN	IOR	SSEA	CPBI	FDSB

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

FDSB	+ 0.94	CPBI
CPBI	+ 0.87	SSEA
STKE	+ 0.83	GECC
FDSB	+ 0.75	SSEA
FDSB	+ 0.58	GRAN
STKE	+ 0.44	PFX

High negative correlations

SSEA	- 0.8	STKE
CPBI	- 0.76	STKE
FDSB	- 0.73	STKE
FDSB	- 0.62	GECC
CPBI	- 0.61	GECC
SSEA	- 0.57	GECC

Risk-Adjusted Indicators

There is a big difference between OFS Stock performing well and OFS Capital 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 Capital'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
HNNA	1.25	0.00	(0.02)	0.05	1.95	(1.18)	2.45	(3.16)	10.41
GECC	1.56	(0.21)	0.00	(0.19)	0.00	0.00	2.55	(4.13)	8.26
PFX	1.68	(0.14)	0.00	0.77	0.00	0.00	3.58	(3.42)	12.44
STKE	5.69	(1.26)	0.00	(0.25)	0.00	0.00	12.00	(9.17)	35.10
GRAN	5.29	0.17	0.03	0.16	6.02	(6.75)	11.31	(10.16)	55.88
IOR	0.85	0.02	(0.01)	0.21	1.57	(3.56)	3.49	(2.62)	17.00
SSEA	0.06	0.00	0.00	0.00	0.00	0.00	0.30	(0.10)	0.70
CPBI	0.66	0.14	0.06	1.14	0.89	(0.70)	1.68	(1.19)	7.01
FDSB	0.48	0.20	0.21	8.63	0.13	(0.57)	1.09	(0.93)	3.97

OFS Capital Corporate Management

Tod JD	Corporate Secretary	Profile
Mukya JD	Chief Officer	Profile
Jeffrey JD	Treasurer CFO	Profile
Kyle Spina	Chief Officer	Profile
Stephen Altebrando	VP Relations	Profile
Ross Teune	Chief Officer	Profile

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