Oxford Lane Correlations
| OXLCMDelisted Preferred Stock | USD 24.98 0.00 0.00% |
The current 90-days correlation between Oxford Lane Capital and The Gabelli Multimedia is 0.04 (i.e., Significant 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
Good diversification
The correlation between Oxford Lane Capital 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 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 Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.94 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.96 | APO | Apollo Global Management | PairCorr |
| 0.95 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.97 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.9 | ARES | Ares Management LP | PairCorr |
| 0.9 | ARTE | Artemis Strategic | PairCorr |
| 0.97 | TRCA | Twin Ridge Capital | PairCorr |
| 0.96 | AAC | Ares Acquisition | PairCorr |
| 0.96 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.9 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.93 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.86 | FDS | FactSet Research Systems | PairCorr |
| 0.95 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.88 | WMT | Walmart Aggressive Push | PairCorr |
| 0.71 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.79 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.9 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.75 | HPQ | HP Inc | PairCorr |
| 0.72 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.85 | T | ATT Inc Aggressive Push | PairCorr |
| 0.84 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against Oxford Preferred Stock
| 0.72 | IVSBF | Investor AB ser | PairCorr |
| 0.71 | CVI | CVR Energy | PairCorr |
| 0.68 | BAMGF | Brookfield Asset Man | PairCorr |
| 0.85 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.75 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.91 | 0.84 | 0.89 | 0.25 | 0.7 | GGT-PE | ||
| 0.91 | 0.88 | 0.96 | 0.2 | 0.68 | GAB-PH | ||
| 0.84 | 0.88 | 0.86 | -0.13 | 0.68 | NCV-PA | ||
| 0.89 | 0.96 | 0.86 | 0.17 | 0.64 | GAB-PG | ||
| 0.25 | 0.2 | -0.13 | 0.17 | -0.04 | OXLCO | ||
| 0.7 | 0.68 | 0.68 | 0.64 | -0.04 | GUT-PC | ||
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGT-PE | 0.46 | 0.03 | (0.07) | 0.43 | 0.61 | 1.44 | 5.53 | |||
| GAB-PH | 0.43 | 0.10 | (0.03) | (2.55) | 0.38 | 1.17 | 3.34 | |||
| NCV-PA | 0.45 | 0.03 | (0.13) | (0.14) | 0.66 | 1.08 | 3.97 | |||
| GAB-PG | 0.71 | 0.10 | (0.02) | (4.91) | 0.77 | 1.68 | 5.27 | |||
| OXLCO | 0.32 | 0.03 | (0.20) | 2.02 | 0.32 | 0.96 | 2.34 | |||
| GUT-PC | 0.51 | (0.02) | (0.16) | 0.04 | 0.56 | 1.30 | 2.93 |
Oxford Lane Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Oxford Lane preferred stock to make a market-neutral strategy. Peer analysis of Oxford Lane could also be used in its relative valuation, which is a method of valuing Oxford Lane by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 |
Still Interested in Oxford Lane Capital?
Investing in delisted delisted preferred stocks can be risky, as the preferred stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.