PhenixFIN 525 Correlations

PFXNZ Stock

USD 22.90 0.03 0.13%

The current 90-days correlation between PhenixFIN 525 and Oxford Square Capital is 0.09 (i.e., Significant diversification). The correlation of PhenixFIN 525 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.

PhenixFIN 525 Correlation With Market

Good diversification

The correlation between PhenixFIN 525 and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PhenixFIN 525 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 PhenixFIN 525. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy PhenixFIN Stock please use our How to Invest in PhenixFIN 525 guide.

Moving together with PhenixFIN Stock

0.62	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.61	VACH	Voyager Acquisition Corp	Pair Corr
0.64	RJF-PB	Raymond James Financial	Pair Corr

Moving against PhenixFIN Stock

0.51	WT	WisdomTree Earnings Call Today	Pair Corr
0.47	HR	Healthcare Realty Trust	Pair Corr
0.45	XP	Xp Inc Normal Trading	Pair Corr
0.41	DHIL	Diamond Hill Investment	Pair Corr
0.37	O	Realty Income	Pair Corr
0.63	VALU	Value Line	Pair Corr
0.63	PSEC-PA	Prospect Capital Earnings Call This Week	Pair Corr
0.53	ADC-PA	Agree Realty	Pair Corr
0.47	VINP	Vinci Partners Inves	Pair Corr
0.39	TETEU	Technology Telecommunicatio	Pair Corr
0.38	VICI	VICI Properties	Pair Corr
0.35	VNO-PO	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	OXSQZ	ATLCL	OXSQG	NEWTL	OXLCZ
OXSQZ		0.63	0.62	0.83	0.8	OXSQZ
ATLCL	0.63		0.55	0.48	0.44	ATLCL
OXSQG	0.62	0.55		0.69	0.71	OXSQG
NEWTL	0.83	0.48	0.69		0.96	NEWTL
OXLCZ	0.8	0.44	0.71	0.96		OXLCZ
	OXSQZ	ATLCL	OXSQG	NEWTL	OXLCZ

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Risk-Adjusted Indicators

There is a big difference between PhenixFIN Stock performing well and PhenixFIN 525 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 PhenixFIN 525'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
OXSQZ	0.25	0.02	(0.16)	0.46	0.22	(0.37)	0.66	(0.57)	1.48
ATLCL	0.46	0.03	(0.07)	0.21	0.53	(0.49)	0.96	(0.88)	2.84
OXSQG	0.40	0.00	(0.10)	0.10	0.43	(0.65)	1.14	(0.92)	2.65
NEWTL	0.05	0.02	(0.71)	(1.24)	0.00	(0.07)	0.16	(0.04)	0.45
OXLCZ	0.14	0.02	(0.31)	3.56	0.00	(0.17)	0.30	(0.30)	1.06

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