Oaktree Specialty Correlations

OCSL Stock

USD 15.24 0.25 1.67%

The current 90-days correlation between Oaktree Specialty Lending and Barings BDC is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oaktree Specialty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oaktree Specialty Lending moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oaktree Specialty Correlation With Market

Very weak diversification

The correlation between Oaktree Specialty Lending and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oaktree Specialty Lending 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 Oaktree Specialty Lending. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Oaktree Stock

0.63

Walker Dunlop

Pair Corr

Moving against Oaktree Stock

0.45	V	Visa Class A	Pair Corr
0.42	LC	LendingClub Corp	Pair Corr
0.37	DIST	Distoken Acquisition	Pair Corr
0.33	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.31	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.4	ESHA	ESH Acquisition Corp	Pair Corr
0.39	TETEU	Technology Telecommunicatio	Pair Corr
0.36	EMCG	Embrace Change Acqui	Pair Corr
0.32	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	BBDC	OMF	RWAY	ALLY	ORCC	AGM	GDOT	CPSS	COF	SLM
BBDC		0.63	0.52	0.73	0.45	0.59	-0.42	0.34	0.56	0.48	BBDC
OMF	0.63		0.62	0.87	0.82	0.95	-0.5	0.85	0.97	0.78	OMF
RWAY	0.52	0.62		0.61	0.77	0.68	-0.44	0.59	0.65	0.84	RWAY
ALLY	0.73	0.87	0.61		0.67	0.88	-0.4	0.68	0.84	0.71	ALLY
ORCC	0.45	0.82	0.77	0.67		0.8	-0.67	0.71	0.82	0.9	ORCC
AGM	0.59	0.95	0.68	0.88	0.8		-0.41	0.85	0.95	0.8	AGM
GDOT	-0.42	-0.5	-0.44	-0.4	-0.67	-0.41		-0.22	-0.42	-0.57	GDOT
CPSS	0.34	0.85	0.59	0.68	0.71	0.85	-0.22		0.88	0.71	CPSS
COF	0.56	0.97	0.65	0.84	0.82	0.95	-0.42	0.88		0.79	COF
SLM	0.48	0.78	0.84	0.71	0.9	0.8	-0.57	0.71	0.79		SLM
	BBDC	OMF	RWAY	ALLY	ORCC	AGM	GDOT	CPSS	COF	SLM

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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

COF	+ 0.97	OMF
AGM	+ 0.95	OMF
COF	+ 0.95	AGM
SLM	+ 0.9	ORCC
AGM	+ 0.88	ALLY
COF	+ 0.88	CPSS

High negative correlations

GDOT	- 0.67	ORCC
SLM	- 0.57	GDOT
GDOT	- 0.5	OMF
GDOT	- 0.44	RWAY
COF	- 0.42	GDOT
GDOT	- 0.42	BBDC

Risk-Adjusted Indicators

There is a big difference between Oaktree Stock performing well and Oaktree Specialty 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 Oaktree Specialty'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
BBDC	0.78	(0.05)	0.00	(0.04)	0.00	0.00	1.51	(1.65)	5.13
OMF	1.47	0.13	0.07	0.11	1.88	(1.45)	3.51	(3.50)	13.75
RWAY	0.95	0.12	0.09	0.19	1.01	(1.04)	2.47	(1.92)	7.63
ALLY	1.27	0.03	0.04	0.05	1.55	(1.46)	2.84	(2.49)	12.94
ORCC	0.83	0.15	0.11	3.39	0.86	(0.91)	1.66	(1.57)	4.35
AGM	1.26	0.06	0.07	0.07	1.30	(1.44)	2.86	(2.20)	14.82
GDOT	2.33	(0.24)	0.00	(0.11)	0.00	0.00	4.90	(5.60)	30.98
CPSS	1.48	0.13	0.06	0.19	1.75	(1.68)	3.52	(2.90)	12.19
COF	1.59	0.23	0.18	0.13	1.29	(1.98)	3.01	(2.39)	18.73
SLM	1.74	0.32	0.20	0.19	1.51	(2.06)	3.42	(2.93)	15.02

Oaktree Specialty Corporate Management

Aman MD	Managing Lending	Profile
Armen JD	CEO Officer	Profile
Sandeep Khorana	Managing Origination	Profile
Michael Mosticchio	IR Contact Officer	Profile
CFA CPA	VP COO	Profile

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