Oxford Lane Correlations

OXLCL Stock

USD 23.92 0.04 0.17%

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 0.08 (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.

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

0.63	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.71	IBM	International Business Sell-off Trend	Pair Corr
0.74	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.66	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against Oxford Stock

0.41	BMYMP	Bristol Myers Squibb	Pair Corr
0.51	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	OXLCM	ECCX	RILYT	HROWL	OXLCP
OXLCM		0.22	0.15	0.91	0.92	OXLCM
ECCX	0.22		-0.09	0.28	0.33	ECCX
RILYT	0.15	-0.09		0.21	0.02	RILYT
HROWL	0.91	0.28	0.21		0.9	HROWL
OXLCP	0.92	0.33	0.02	0.9		OXLCP
	OXLCM	ECCX	RILYT	HROWL	OXLCP

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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

OXLCP	+ 0.92	OXLCM
HROWL	+ 0.91	OXLCM
OXLCP	+ 0.9	HROWL
OXLCP	+ 0.33	ECCX
HROWL	+ 0.28	ECCX
ECCX	+ 0.22	OXLCM

High negative correlations

RILYT

- 0.09

ECCX

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
OXLCM	0.07	0.01	(1.35)	(3.36)	0.00	(0.10)	0.16	(0.12)	0.41
ECCX	0.30	0.01	(0.28)	(0.12)	0.36	(0.37)	0.65	(0.56)	2.09
RILYT	3.51	0.08	0.03	0.18	4.67	(3.49)	10.55	(9.24)	36.84
HROWL	0.21	0.03	(0.35)	(1.86)	0.16	(0.24)	0.48	(0.40)	1.60
OXLCP	0.19	0.03	(0.28)	0.88	0.10	(0.22)	0.50	(0.50)	1.56

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