Oxford Lane Capital Corp. 8.75% Notes due 2030 (OXLCI) — Stock Correlations & Overview
Over the past year, OXLCI has moved most closely with OXLCZ, VLYPP, AQNB. Explore the stocks most correlated and inversely correlated with OXLCI below, along with its price, financials, and company profile.
Stocks correlated with OXLCI
Correlation of daily returns. Higher positive values move with OXLCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with OXLCI
| Symbol | Company | Correlation |
|---|---|---|
| OXLCZ | Oxford Lane Capital Corp. 5.00% Notes due 2027 | 0.43 |
| VLYPP | Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series ANATIONAL COMMERCIAL BANKS | 0.43 |
| AQNB | Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 | 0.41 |
| OXLCG | Oxford Lane Capital Corp. 7.95% Notes due 2032 | 0.40 |
| ADAMG | Adamas Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.39 |
Most inversely correlated with OXLCI
| Symbol | Company | Correlation |
|---|---|---|
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.26 |
| STRW | Strawberry Fields REIT, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.26 |
| ATCH | AtlasClear Holdings, Inc.FINANCE SERVICES | -0.23 |
| CSBR | Champions Oncology, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.20 |
| IHT | InnSuites Hospitality TrustREAL ESTATE INVESTMENT TRUSTS | -0.18 |
Frequently asked questions about OXLCI correlations
- Which stocks are most correlated with OXLCI?
- Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. 8.75% Notes due 2030 (OXLCI) are OXLCZ (0.43), VLYPP (0.43) and AQNB (0.41). 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 OXLCI?
- Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. 8.75% Notes due 2030 (OXLCI) are RADX (-0.26), STRW (-0.26) and ATCH (-0.23). 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 OXLCI correlations calculated?
- We compute the correlation of daily returns between OXLCI 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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