Which stocks are most correlated with OXLCL?

Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) are CHSCN (0.23), BCX (0.23) and CHSCM (0.23). 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 OXLCL?

Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) are NAUT (-0.22), TISI (-0.22) and LIQT (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) — Stock Correlations & Overview

Over the past year, OXLCL has moved most closely with CHSCN, BCX, CHSCM. Explore the stocks most correlated and inversely correlated with OXLCL below, along with its price, financials, and company profile.

Stocks correlated with OXLCL

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

Most correlated with OXLCL

Symbol	Company	Correlation
CHSCN	CHS Inc Preferred Class B Series 2 Reset Rate	0.23
BCX	BLACKROCK RESOURCES & COMMODITIES STRATEGY TRUST	0.23
CHSCM	CHS Inc Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3	0.23
OXLCI	Oxford Lane Capital Corp. 8.75% Notes due 2030	0.22
GOF	Guggenheim Strategic Opportunities Fund	0.22

Most inversely correlated with OXLCL

Symbol	Company	Correlation
NAUT	Nautilus Biotechnolgy, Inc. Common StockLABORATORY ANALYTICAL INSTRUMENTS	-0.22
TISI	Team, Inc.SERVICES-MISCELLANEOUS REPAIR SERVICES	-0.22
LIQT	LiqTech International, Inc.MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT	-0.20
CCG	Cheche Group Inc. Class A Ordinary Shares	-0.19
KRT	Karat Packaging Inc. Common StockPLASTICS PRODUCTS, NEC	-0.19

Frequently asked questions about OXLCL correlations

Which stocks are most correlated with OXLCL?: Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) are CHSCN (0.23), BCX (0.23) and CHSCM (0.23). 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 OXLCL?: Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL) are NAUT (-0.22), TISI (-0.22) and LIQT (-0.20). 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 OXLCL correlations calculated?: We compute the correlation of daily returns between OXLCL 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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