Oxford Lane Correlations

OXLCO Preferred Stock

USD 23.06 0.01 0.04%

The current 90-days correlation between Oxford Lane Capital and Oxford Lane Capital is 0.02 (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

Average diversification

The correlation between Oxford Lane Capital and DJI is 0.16 (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.

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

0.93	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.89	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.89	APO	Apollo Global Management	Pair Corr
0.91	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.89	ARES	Ares Management LP	Pair Corr
0.9	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.81	AIBBU	AIB Acquisition Corp	Pair Corr
0.62	NIO	Nio Class A Downward Rally	Pair Corr
0.75	WLY	John Wiley Sons	Pair Corr
0.74	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.79	DCOMP	Dime Community Bancshares	Pair Corr
0.72	JDDSF	JD Sports Fashion	Pair Corr
0.88	FFIV	F5 Networks	Pair Corr
0.79	AEVA	Aeva Technologies	Pair Corr
0.74	EKGGF	CardioComm Solutions	Pair Corr
0.78	XPEV	Xpeng Inc Aggressive Push	Pair Corr

Moving against Oxford Preferred Stock

0.78	RMGCU	RMG Acquisition Corp	Pair Corr
0.76	PME	Pingtan Marine Enterprise	Pair Corr
0.67	BAMGF	Brookfield Asset Man	Pair Corr
0.55	MAYS	MAYS J W	Pair Corr
0.58	HQGE	HQ Global Education	Pair Corr

Related Correlations Analysis

	OXLCN	OXLCP	GGT-PE	GAB-PH	NCV-PA	GAB-PG	GUT-PC	RMPL-P	TY-P
OXLCN		0.85	0.86	0.85	0.84	0.86	0.7	0.83	0.67	OXLCN
OXLCP	0.85		0.86	0.84	0.8	0.84	0.73	0.94	0.6	OXLCP
GGT-PE	0.86	0.86		0.95	0.95	0.94	0.84	0.81	0.82	GGT-PE
GAB-PH	0.85	0.84	0.95		0.96	0.99	0.9	0.83	0.83	GAB-PH
NCV-PA	0.84	0.8	0.95	0.96		0.95	0.86	0.76	0.87	NCV-PA
GAB-PG	0.86	0.84	0.94	0.99	0.95		0.88	0.84	0.82	GAB-PG
GUT-PC	0.7	0.73	0.84	0.9	0.86	0.88		0.73	0.72	GUT-PC
RMPL-P	0.83	0.94	0.81	0.83	0.76	0.84	0.73		0.56	RMPL-P
TY-P	0.67	0.6	0.82	0.83	0.87	0.82	0.72	0.56		TY-P
	OXLCN	OXLCP	GGT-PE	GAB-PH	NCV-PA	GAB-PG	GUT-PC	RMPL-P	TY-P

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
OXLCN	0.33	0.00	(0.25)	0.12	0.36	(0.37)	0.67	(0.70)	1.83
OXLCP	0.24	0.02	(0.24)	0.27	0.23	(0.25)	0.55	(0.54)	1.55
GGT-PE	0.44	0.05	(0.05)	0.37	0.59	(0.67)	1.44	(0.99)	5.53
GAB-PH	0.41	0.16	0.09	1.68	0.00	(0.48)	1.17	(0.75)	3.34
NCV-PA	0.42	0.05	(0.10)	0.46	0.38	(0.52)	1.06	(0.79)	2.66
GAB-PG	0.64	0.17	0.07	1.25	0.62	(0.73)	1.53	(1.00)	5.27
GUT-PC	0.50	0.05	(0.08)	0.50	0.50	(0.65)	1.13	(1.20)	2.77
RMPL-P	0.04	0.02	(1.03)	(0.60)	0.00	(0.07)	0.12	(0.08)	0.60
TY-P	0.33	0.00	(0.14)	0.24	0.47	(0.59)	1.05	(1.04)	4.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oxford Lane without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Performance Analysis Now

Performance Analysis

Check effects of mean-variance optimization against your current asset allocation

All Next

Launch Module

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC