Correlation Between Dividend Growth and Oxford Lane
Can any of the company-specific risk be diversified away by investing in both Dividend Growth and Oxford Lane at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Dividend Growth and Oxford Lane into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Dividend Growth Split and Oxford Lane Capital, you can compare the effects of market volatilities on Dividend Growth and Oxford Lane and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Dividend Growth with a short position of Oxford Lane. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dividend Growth and Oxford Lane.
Diversification Opportunities for Dividend Growth and Oxford Lane
0.34 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Dividend and Oxford is 0.34. Overlapping area represents the amount of risk that can be diversified away by holding Dividend Growth Split and Oxford Lane Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oxford Lane Capital and Dividend Growth is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Dividend Growth Split are associated (or correlated) with Oxford Lane. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oxford Lane Capital has no effect on the direction of Dividend Growth i.e., Dividend Growth and Oxford Lane go up and down completely randomly.
Pair Corralation between Dividend Growth and Oxford Lane
If you would invest 515.00 in Oxford Lane Capital on August 28, 2024 and sell it today you would earn a total of 7.00 from holding Oxford Lane Capital or generate 1.36% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 4.76% |
| Values | Daily Returns |
Dividend Growth Split vs. Oxford Lane Capital
Performance |
| Timeline |
| Dividend Growth Split |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Oxford Lane Capital |
Dividend Growth and Oxford Lane Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Dividend Growth and Oxford Lane
The main advantage of trading using opposite Dividend Growth and Oxford Lane positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Dividend Growth position performs unexpectedly, Oxford Lane can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oxford Lane will offset losses from the drop in Oxford Lane's long position.| Dividend Growth vs. Financial 15 Split | Dividend Growth vs. SEI Investments | Dividend Growth vs. Oxford Lane Capital | Dividend Growth vs. Blackstone Group |
| Oxford Lane vs. Capital Southwest | Oxford Lane vs. XAI Octagon Floating | Oxford Lane vs. Cornerstone Strategic Return | Oxford Lane vs. Cornerstone Strategic Value |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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