Correlation Between Oxford Lane and Tiaa Cref

Can any of the company-specific risk be diversified away by investing in both Oxford Lane and Tiaa Cref 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 Tiaa Cref 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 Tiaa Cref Mid Cap Value, you can compare the effects of market volatilities on Oxford Lane and Tiaa Cref 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 Tiaa Cref. Check out your portfolio center. Please also check ongoing floating volatility patterns of Oxford Lane and Tiaa Cref.

Diversification Opportunities for Oxford Lane and Tiaa Cref

-0.71

Correlation Coefficient

Oxford Lane  Tiaa Cref

Pay attention - limited upside

The 3 months correlation between Oxford and Tiaa is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding Oxford Lane Capital and Tiaa Cref Mid Cap Value in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Tiaa Cref Mid 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 Tiaa Cref. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tiaa Cref Mid has no effect on the direction of Oxford Lane i.e., Oxford Lane and Tiaa Cref go up and down completely randomly.

Pair Corralation between Oxford Lane and Tiaa Cref

Given the investment horizon of 90 days Oxford Lane Capital is expected to under-perform the Tiaa Cref. In addition to that, Oxford Lane is 2.19 times more volatile than Tiaa Cref Mid Cap Value. It trades about -0.21 of its total potential returns per unit of risk. Tiaa Cref Mid Cap Value is currently generating about 0.16 per unit of volatility. If you would invest  1,660  in Tiaa Cref Mid Cap Value on May 6, 2025 and sell it today you would earn a total of  138.00  from holding Tiaa Cref Mid Cap Value or generate 8.31% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Oxford Lane Capital  vs.  Tiaa Cref Mid Cap Value

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 September 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Tiaa Cref Mid

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Tiaa Cref Mid Cap Value are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Tiaa Cref may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Oxford Lane and Tiaa Cref

The main advantage of trading using opposite Oxford Lane and Tiaa Cref positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Oxford Lane position performs unexpectedly, Tiaa Cref 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 Tiaa Cref will offset losses from the drop in Tiaa Cref's long position.

The idea behind Oxford Lane Capital and Tiaa Cref Mid Cap Value 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.

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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.