Oxford Lane Correlations

Delisted . USA . 
Preferred Stock . Oxford Lane Capital
OXLCMDelisted Preferred Stock  USD 24.98  0.00  0.00%   
The current 90-days correlation between Oxford Lane Capital and The Gabelli Multimedia is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oxford Lane moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oxford Lane Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oxford Lane Correlation With Market

Good diversification

The correlation between Oxford Lane Capital and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oxford Lane Capital and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Oxford Lane could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oxford Lane 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 Oxford Lane - 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 Oxford Lane Capital to buy it.

Moving together with Oxford Preferred Stock

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Moving against Oxford Preferred Stock

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  0.82BKRKF PT Bank RakyatPairCorr
  0.78SHG Shinhan FinancialPairCorr
  0.68BAMGF Brookfield Asset ManPairCorr
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  0.55AMIX Autonomix Medical, CommonPairCorr
  0.48PBCRY Bank Central AsiaPairCorr
  0.47PTBRY Bank Negara Indonesia Downward RallyPairCorr
  0.4PBCRF PT Bank CentralPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GAB-PG
+ 0.97
GAB-PH
GAB-PH
+ 0.92
GGT-PE
GAB-PG
+ 0.91
GGT-PE
NCV-PA
+ 0.88
GAB-PH
GAB-PG
+ 0.88
NCV-PA
NCV-PA
+ 0.85
GGT-PE
  
High negative correlations   
OXLCO
- 0.0
NCV-PA

Risk-Adjusted Indicators

There is a big difference between Oxford Preferred Stock performing well and Oxford Lane 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 Oxford Lane'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.

Oxford Lane 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 Oxford Lane preferred stock to make a market-neutral strategy. Peer analysis of Oxford Lane could also be used in its relative valuation, which is a method of valuing Oxford Lane by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Oxford Lane Corporate Management

Gerald CumminsChief Compliance OfficerProfile
Debdeep MajiManaging MangProfile
Joseph KupkaLLC FundsProfile
Christian MascarinasLLC FundsProfile
Saul JDPres DirectorProfile
Jeffrey FaenzaAccounting MangProfile

Still Interested in Oxford Lane Capital?

Investing in delisted delisted preferred stocks can be risky, as the preferred stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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