Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) Correlation Distribution
Across 6,624 rolling correlation observations between Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) and other NASDAQ-listed stocks, 62.2% are positive and 37.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.137, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,624
- Mean correlation
- 0.137
- Most common range
- 0.5 to 0.6
- Positive pairs
- 62.2%
- Strong positive (≥0.7)
- 4.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 180 | 2.7% | |
| -0.6 to -0.5 | 180 | 2.7% | |
| -0.5 to -0.4 | 414 | 6.3% | |
| -0.4 to -0.3 | 414 | 6.3% | |
| -0.3 to -0.2 | 416 | 6.3% | |
| -0.2 to -0.1 | 416 | 6.3% | |
| -0.1 to 0.0 | 420 | 6.3% | |
| 0.0 to 0.1 | 420 | 6.3% | |
| 0.1 to 0.2 | 460 | 6.9% | |
| 0.2 to 0.3 | 459 | 6.9% | |
| 0.3 to 0.4 | 589 | 8.9% | |
| 0.4 to 0.5 | 588 | 8.9% | |
| 0.5 to 0.6 | 662 | 10.0% | |
| 0.6 to 0.7 | 662 | 10.0% | |
| 0.7 to 0.8 | 139 | 2.1% | |
| 0.8 to 0.9 | 139 | 2.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of OXLCN?
Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) has an average correlation of about 0.137 with other NASDAQ stocks, based on 6,624 pairwise observations.
Is OXLCN positively correlated with other stocks?
Mostly yes — 62.2% of pairs are positive and 37.8% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for OXLCN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 39.1% of all pairs.
Explore the full interactive correlation distribution for OXLCN.
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