Oxford Lane Correlations
| OXLCO Preferred Stock | USD 23.04 0.05 0.22% |
The current 90-days correlation between Oxford Lane Capital and Oxford Lane Capital is -0.08 (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
Significant diversification
The correlation between Oxford Lane Capital and DJI is 0.04 (i.e., Significant 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.
Oxford |
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
| 0.94 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.89 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | APO | Apollo Global Management | PairCorr |
| 0.9 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.89 | ARES | Ares Management LP Normal Trading | PairCorr |
| 0.78 | NVDA | NVIDIA | PairCorr |
| 0.68 | APLD | Applied Blockchain Trending | PairCorr |
| 0.83 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.83 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.76 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.87 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.9 | ADSK | Autodesk | PairCorr |
| 0.88 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.74 | GM | General Motors | PairCorr |
Moving against Oxford Preferred Stock
| 0.77 | BKRKY | Bank Rakyat | PairCorr |
| 0.77 | SHG | Shinhan Financial | PairCorr |
| 0.68 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.63 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.59 | BAMGF | Brookfield Asset Man | PairCorr |
| 0.56 | IVSBF | Investor AB ser | PairCorr |
| 0.47 | AMIX | Autonomix Medical, Common Trending | PairCorr |
| 0.37 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.34 | IVSXF | Investor AB Downward Rally | PairCorr |
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OXLCN | 0.34 | 0.02 | (0.17) | (0.82) | 0.43 | 0.68 | 2.20 | |||
| OXLCP | 0.21 | 0.03 | (0.18) | 0.71 | 0.12 | 0.50 | 1.56 | |||
| GGT-PE | 0.47 | 0.04 | (0.05) | 0.40 | 0.62 | 1.44 | 5.53 | |||
| GAB-PH | 0.44 | 0.10 | 0.00 | (6.11) | 0.36 | 1.17 | 3.34 | |||
| NCV-PA | 0.47 | 0.03 | (0.11) | (0.16) | 0.66 | 1.08 | 3.97 | |||
| GAB-PG | 0.69 | 0.08 | (0.02) | (2.62) | 0.77 | 1.53 | 5.27 | |||
| GUT-PC | 0.51 | 0.05 | (0.11) | (0.07) | 0.56 | 1.30 | 2.93 | |||
| RMPL-P | 0.04 | 0.01 | (0.80) | 0.59 | 0.00 | 0.12 | 0.60 | |||
| TY-P | 0.35 | (0.01) | 0.00 | 0.20 | 0.00 | 1.05 | 4.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oxford Lane 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.Did you try this?
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Oxford Lane Corporate Management
| Gerald Cummins | Chief Compliance Officer | Profile | |
| Debdeep Maji | Managing Mang | Profile | |
| Joseph Kupka | LLC Funds | Profile | |
| Christian Mascarinas | LLC Funds | Profile | |
| Saul JD | Pres Director | Profile | |
| Jeffrey Faenza | Accounting Mang | Profile |