Oxford Lane Capital Corp. 5.00% Notes due 2027 (OXLCZ) Correlation Distribution
Across 6,716 rolling correlation observations between Oxford Lane Capital Corp. 5.00% Notes due 2027 (OXLCZ) and other NASDAQ-listed stocks, 73.6% are positive and 26.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.247, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,716
- Mean correlation
- 0.247
- Most common range
- 0.3 to 0.4
- Positive pairs
- 73.6%
- Strong positive (≥0.7)
- 13%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 58 | 0.9% | |
| -0.8 to -0.7 | 57 | 0.8% | |
| -0.7 to -0.6 | 142 | 2.1% | |
| -0.6 to -0.5 | 141 | 2.1% | |
| -0.5 to -0.4 | 211 | 3.1% | |
| -0.4 to -0.3 | 210 | 3.1% | |
| -0.3 to -0.2 | 279 | 4.2% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 391 | 5.8% | |
| 0.0 to 0.1 | 390 | 5.8% | |
| 0.1 to 0.2 | 534 | 8.0% | |
| 0.2 to 0.3 | 534 | 8.0% | |
| 0.3 to 0.4 | 716 | 10.7% | |
| 0.4 to 0.5 | 715 | 10.6% | |
| 0.5 to 0.6 | 593 | 8.8% | |
| 0.6 to 0.7 | 592 | 8.8% | |
| 0.7 to 0.8 | 402 | 6.0% | |
| 0.8 to 0.9 | 401 | 6.0% | |
| 0.9 to 1.0 | 68 | 1.0% |
Frequently asked questions
What is the average correlation of OXLCZ?
Oxford Lane Capital Corp. 5.00% Notes due 2027 (OXLCZ) has an average correlation of about 0.247 with other NASDAQ stocks, based on 6,716 pairwise observations.
Is OXLCZ positively correlated with other stocks?
Mostly yes — 73.6% of pairs are positive and 26.4% are negative. Strong positive correlations (≥0.7) make up 13%.
What is the most common correlation range for OXLCZ?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.8% of all pairs.
Explore the full interactive correlation distribution for OXLCZ.
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