Oxford Lane Capital Corp. 6.25% Series 2027 Term Preferred Shares (OXLCP) Correlation Distribution
Across 6,807 rolling correlation observations between Oxford Lane Capital Corp. 6.25% Series 2027 Term Preferred Shares (OXLCP) and other NASDAQ-listed stocks, 79.3% are positive and 20.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.29, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.6% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,807
- Mean correlation
- 0.29
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79.3%
- Strong positive (≥0.7)
- 11.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 63 | 0.9% | |
| -0.8 to -0.7 | 63 | 0.9% | |
| -0.7 to -0.6 | 94 | 1.4% | |
| -0.6 to -0.5 | 94 | 1.4% | |
| -0.5 to -0.4 | 111 | 1.6% | |
| -0.4 to -0.3 | 110 | 1.6% | |
| -0.3 to -0.2 | 223 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 427 | 6.3% | |
| 0.0 to 0.1 | 426 | 6.3% | |
| 0.1 to 0.2 | 605 | 8.9% | |
| 0.2 to 0.3 | 605 | 8.9% | |
| 0.3 to 0.4 | 740 | 10.9% | |
| 0.4 to 0.5 | 739 | 10.9% | |
| 0.5 to 0.6 | 746 | 11.0% | |
| 0.6 to 0.7 | 745 | 10.9% | |
| 0.7 to 0.8 | 371 | 5.5% | |
| 0.8 to 0.9 | 371 | 5.5% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of OXLCP?
Oxford Lane Capital Corp. 6.25% Series 2027 Term Preferred Shares (OXLCP) has an average correlation of about 0.29 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is OXLCP positively correlated with other stocks?
Mostly yes — 79.3% of pairs are positive and 20.7% are negative. Strong positive correlations (≥0.7) make up 11.6%.
What is the most common correlation range for OXLCP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.9% of all pairs.
Explore the full interactive correlation distribution for OXLCP.
Open interactive dashboard →