Oxford Lane Correlations

OXLCN Stock

USD 24.30 0.06 0.25%

The current 90-days correlation between Oxford Lane Capital and Oxford Lane Capital is 0.14 (i.e., Average 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 -0.19 (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.

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

Moving together with Oxford Stock

0.82	V	Visa Class A	Pair Corr
0.71	MA	Mastercard	Pair Corr
0.91	FDUS	Fidus Investment Corp	Pair Corr
0.73	COF	Capital One Financial	Pair Corr
0.78	DFS	Discover Financial	Pair Corr
0.85	GBDC	Golub Capital BDC	Pair Corr
0.88	TSLX	Sixth Street Specialty	Pair Corr
0.7	CGBD	Carlyle Secured Lending	Pair Corr
0.88	C	Citigroup	Pair Corr
0.75	BK	Bank of New York	Pair Corr

Moving against Oxford Stock

0.81	FHI	Federated Investors	Pair Corr
0.8	DHIL	Diamond Hill Investment	Pair Corr
0.76	AMTD	AMTD IDEA Group Earnings Call Next Week	Pair Corr
0.56	AMG	Affiliated Managers	Pair Corr
0.54	PYPL	PayPal Holdings	Pair Corr
0.47	BEN	Franklin Resources	Pair Corr
0.45	APAM	Artisan Partners Asset	Pair Corr
0.74	EG	Everest Group	Pair Corr
0.73	AX	Axos Financial	Pair Corr
0.65	CM	Canadian Imperial Bank	Pair Corr
0.65	LC	LendingClub Corp	Pair Corr
0.63	BX	Blackstone Group	Pair Corr
0.63	IX	Orix Corp Ads	Pair Corr
0.55	CB	Chubb	Pair Corr
0.54	RF	Regions Financial	Pair Corr
0.52	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	OXLCO	OXLCP	OXLCM	CHSCM	FITBI
OXLCO		0.87	0.0	0.78	0.81	OXLCO
OXLCP	0.87		0.0	0.87	0.94	OXLCP
OXLCM	0.0	0.0		0.0	0.0	OXLCM
CHSCM	0.78	0.87	0.0		0.84	CHSCM
FITBI	0.81	0.94	0.0	0.84		FITBI
	OXLCO	OXLCP	OXLCM	CHSCM	FITBI

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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

FITBI	+ 0.94	OXLCP
OXLCP	+ 0.87	OXLCO
CHSCM	+ 0.87	OXLCP
FITBI	+ 0.84	CHSCM
FITBI	+ 0.81	OXLCO
CHSCM	+ 0.78	OXLCO

High negative correlations

FITBI	- 0.0	OXLCM
CHSCM	- 0.0	OXLCM
OXLCM	- 0.0	OXLCP
OXLCM	- 0.0	OXLCO

Risk-Adjusted Indicators

There is a big difference between Oxford 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OXLCO	0.24	0.01	0.07	(0.38)	0.36	(0.27)	0.67	(0.75)	1.99
OXLCP	0.13	0.02	0.23	0.73	0.00	(0.17)	0.34	(0.21)	0.93
OXLCM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHSCM	0.38	0.04	0.10	1.07	0.48	(0.42)	0.81	(1.00)	2.40
FITBI	0.30	0.06	0.24	0.48	0.12	(0.37)	0.78	(0.47)	2.03

Oxford Lane Corporate Management

Fabian Giudici	Head Technology	Profile
Gerald Cummins	Chief Compliance Officer	Profile
Vincent Gurrera	Controller Finance	Profile
Debdeep Maji	Managing Mang	Profile
Joseph Kupka	LLC Funds	Profile

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