Correlation Between Oxford Lane and Jito Staked

Can any of the company-specific risk be diversified away by investing in both Oxford Lane and Jito Staked at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Oxford Lane and Jito Staked into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Oxford Lane Capital and Jito Staked SOL, you can compare the effects of market volatilities on Oxford Lane and Jito Staked and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Oxford Lane with a short position of Jito Staked. Check out your portfolio center. Please also check ongoing floating volatility patterns of Oxford Lane and Jito Staked.

Diversification Opportunities for Oxford Lane and Jito Staked

-0.76

Correlation Coefficient

Oxford Lane  Jito Staked

Pay attention - limited upside

The 3 months correlation between Oxford and Jito is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding Oxford Lane Capital and Jito Staked SOL in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jito Staked SOL and Oxford Lane is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Oxford Lane Capital are associated (or correlated) with Jito Staked. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jito Staked SOL has no effect on the direction of Oxford Lane i.e., Oxford Lane and Jito Staked go up and down completely randomly.

Pair Corralation between Oxford Lane and Jito Staked

Given the investment horizon of 90 days Oxford Lane Capital is expected to under-perform the Jito Staked. But the stock apears to be less risky and, when comparing its historical volatility, Oxford Lane Capital is 96.75 times less risky than Jito Staked. The stock trades about -0.17 of its potential returns per unit of risk. The Jito Staked SOL is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest  0.00  in Jito Staked SOL on May 2, 2025 and sell it today you would earn a total of  22,057  from holding Jito Staked SOL or generate 9.223372036854776E16% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	95.31%
Values	Daily Returns

Oxford Lane Capital  vs.  Jito Staked SOL

Oxford Lane Capital

Risk-Adjusted Performance

Very Weak

Over the last 90 days Oxford Lane Capital has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's essential indicators remain rather sound which may send shares a bit higher in August 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Jito Staked SOL

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Jito Staked SOL are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite quite unsteady basic indicators, Jito Staked disclosed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Oxford Lane and Jito Staked

The main advantage of trading using opposite Oxford Lane and Jito Staked positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Oxford Lane position performs unexpectedly, Jito Staked can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jito Staked will offset losses from the drop in Jito Staked's long position.

The idea behind Oxford Lane Capital and Jito Staked SOL pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.