Which stocks are most correlated with OXLC?

Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. (OXLC) are ECC (0.69), OCCI (0.56) and EIC (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with OXLC?

Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. (OXLC) are QQDN (-0.29), QQQD (-0.28) and AIBD (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Oxford Lane Capital Corp. (OXLC) — Stock Correlations & Overview

Over the past year, OXLC has moved most closely with ECC, OCCI, EIC. Explore the stocks most correlated and inversely correlated with OXLC below, along with its price, financials, and company profile.

Stocks correlated with OXLC

Correlation of daily returns. Higher positive values move with OXLC; negative values move opposite it. Informational only, not investment advice.

Most correlated with OXLC

Symbol	Company	Correlation
ECC	Eagle Point Credit Company	0.69
OCCI	OFS Credit Company, Inc. Common Stock	0.56
EIC	Eagle Point Income Company	0.51
XFLT	XAI Floating Rate & Alternative Income Trust	0.46
PFSI	PennyMac Financial Services, Inc. Common StockMORTGAGE BANKERS & LOAN CORRESPONDENTS	0.45

Most inversely correlated with OXLC

Symbol	Company	Correlation
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.29
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.28
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	-0.28
SH	ProShares Short S&P500	-0.28
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.28

Frequently asked questions about OXLC correlations

Which stocks are most correlated with OXLC?: Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. (OXLC) are ECC (0.69), OCCI (0.56) and EIC (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with OXLC?: Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. (OXLC) are QQDN (-0.29), QQQD (-0.28) and AIBD (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these OXLC correlations calculated?: We compute the correlation of daily returns between OXLC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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