Oxford Lane Correlations

OXLCZ Stock

USD 23.72 0.04 0.17%

The current 90-days correlation between Oxford Lane Capital and Oxford Lane Capital is 0.01 (i.e., Significant diversification). The correlation of Oxford Lane 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.

Oxford Lane Correlation With Market

Average diversification

The correlation between Oxford Lane Capital and DJI is 0.18 (i.e., Average 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

0.76	V	Visa Class A	Pair Corr
0.82	DIST	Distoken Acquisition	Pair Corr
0.86	BN	Brookfield Corp	Pair Corr
0.8	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.78	CG	Carlyle Group	Pair Corr
0.8	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.85	LX	Lexinfintech Holdings Buyout Trend	Pair Corr
0.79	MA	Mastercard	Pair Corr
0.65	MC	Moelis	Pair Corr
0.78	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.81	PX	P10 Inc	Pair Corr
0.82	QD	Qudian Inc	Pair Corr
0.77	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.78	WT	WisdomTree	Pair Corr
0.76	VCTR	Victory Capital Holdings	Pair Corr
0.79	GCMGW	GCM Grosvenor	Pair Corr
0.62	VINP	Vinci Partners Inves	Pair Corr
0.76	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.77	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Oxford Stock

0.88	XP	Xp Inc	Pair Corr
0.64	WU	Western Union	Pair Corr
0.48	PT	Pintec Technology	Pair Corr
0.4	WD	Walker Dunlop	Pair Corr
0.56	BRKHU	BurTech Acquisition Corp	Pair Corr
0.48	BRACU	Broad Capital Acquisition	Pair Corr
0.38	PWUPW	PowerUp Acquisition Corp	Pair Corr

Related Correlations Analysis

	OXLCL	OXLCP	ECCV	OXLCM	ECCW
OXLCL		-0.71	-0.09	-0.83	0.48	OXLCL
OXLCP	-0.71		0.55	0.93	-0.59	OXLCP
ECCV	-0.09	0.55		0.43	-0.35	ECCV
OXLCM	-0.83	0.93	0.43		-0.63	OXLCM
ECCW	0.48	-0.59	-0.35	-0.63		ECCW
	OXLCL	OXLCP	ECCV	OXLCM	ECCW

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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

OXLCM	+ 0.93	OXLCP
ECCV	+ 0.55	OXLCP
ECCW	+ 0.48	OXLCL
OXLCM	+ 0.43	ECCV

High negative correlations

OXLCM	- 0.83	OXLCL
OXLCP	- 0.71	OXLCL
ECCW	- 0.63	OXLCM
ECCW	- 0.59	OXLCP
ECCW	- 0.35	ECCV
ECCV	- 0.09	OXLCL

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
OXLCL	0.26	(0.01)	(0.16)	(0.20)	0.34	(0.28)	0.54	(0.63)	1.56
OXLCP	0.19	0.02	(0.10)	0.43	0.21	(0.21)	0.43	(0.51)	1.47
ECCV	0.22	0.01	(0.18)	0.43	0.19	(0.27)	0.48	(0.44)	1.54
OXLCM	0.07	0.01	(0.54)	(0.97)	0.00	(0.10)	0.16	(0.12)	0.41
ECCW	0.34	(0.04)	0.00	(0.11)	0.00	0.00	0.74	(0.66)	2.95

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