Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) Correlation Distribution
Across 6,803 rolling correlation observations between Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.334, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.4% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,803
- Mean correlation
- 0.334
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 30.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 25 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 171 | 2.5% | |
| -0.6 to -0.5 | 171 | 2.5% | |
| -0.5 to -0.4 | 316 | 4.6% | |
| -0.4 to -0.3 | 315 | 4.6% | |
| -0.3 to -0.2 | 299 | 4.4% | |
| -0.2 to -0.1 | 298 | 4.4% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 235 | 3.5% | |
| 0.1 to 0.2 | 278 | 4.1% | |
| 0.2 to 0.3 | 277 | 4.1% | |
| 0.3 to 0.4 | 348 | 5.1% | |
| 0.4 to 0.5 | 347 | 5.1% | |
| 0.5 to 0.6 | 698 | 10.3% | |
| 0.6 to 0.7 | 698 | 10.3% | |
| 0.7 to 0.8 | 996 | 14.6% | |
| 0.8 to 0.9 | 996 | 14.6% | |
| 0.9 to 1.0 | 75 | 1.1% |
Frequently asked questions
What is the average correlation of OXLCL?
Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) has an average correlation of about 0.334 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is OXLCL positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 30.4%.
What is the most common correlation range for OXLCL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for OXLCL.
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