Oxford Lane Capital Corp. (OXLC) Correlation Distribution
Across 6,809 rolling correlation observations between Oxford Lane Capital Corp. (OXLC) and other NASDAQ-listed stocks, 74.9% are positive and 25.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.315, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 21% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.315
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.9%
- Strong positive (≥0.7)
- 21%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 94 | 1.4% | |
| -0.6 to -0.5 | 93 | 1.4% | |
| -0.5 to -0.4 | 239 | 3.5% | |
| -0.4 to -0.3 | 238 | 3.5% | |
| -0.3 to -0.2 | 330 | 4.8% | |
| -0.2 to -0.1 | 330 | 4.8% | |
| -0.1 to 0.0 | 323 | 4.7% | |
| 0.0 to 0.1 | 322 | 4.7% | |
| 0.1 to 0.2 | 412 | 6.1% | |
| 0.2 to 0.3 | 412 | 6.1% | |
| 0.3 to 0.4 | 517 | 7.6% | |
| 0.4 to 0.5 | 516 | 7.6% | |
| 0.5 to 0.6 | 746 | 11.0% | |
| 0.6 to 0.7 | 746 | 11.0% | |
| 0.7 to 0.8 | 661 | 9.7% | |
| 0.8 to 0.9 | 661 | 9.7% | |
| 0.9 to 1.0 | 107 | 1.6% |
Frequently asked questions
What is the average correlation of OXLC?
Oxford Lane Capital Corp. (OXLC) has an average correlation of about 0.315 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OXLC positively correlated with other stocks?
Mostly yes — 74.9% of pairs are positive and 25.1% are negative. Strong positive correlations (≥0.7) make up 21%.
What is the most common correlation range for OXLC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.3% of all pairs.
Explore the full interactive correlation distribution for OXLC.
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