Which stocks are most correlated with OXLCN?

Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) are FNRN (0.29), IAE (0.29) and CGV (0.28). 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 OXLCN?

Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) are TC (-0.32), CEPO (-0.28) and PCTY (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) — Stock Correlations & Overview

Over the past year, OXLCN has moved most closely with FNRN, IAE, CGV. Explore the stocks most correlated and inversely correlated with OXLCN below, along with its price, financials, and company profile.

Stocks correlated with OXLCN

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

Most correlated with OXLCN

Symbol	Company	Correlation
FNRN	First Northern Community Bancorp Common stockSAVINGS INSTITUTION, FEDERALLY CHARTERED	0.29
IAE	VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND	0.29
CGV	Conductor Global Equity Value ETF	0.28
TT	Trane Technologies plcAUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENTS	0.27
TG	Tredegar CorporationROLLING DRAWING & EXTRUDING OF NONFERROUS METALS	0.26

Most inversely correlated with OXLCN

Symbol	Company	Correlation
TC	Token Cat Limited American Depositary Shares	-0.32
CEPO	Cantor Equity Partners I, Inc. Class A Ordinary SharesBLANK CHECKS	-0.28
PCTY	Paylocity Holding Corporation Common StockSERVICES-PREPACKAGED SOFTWARE	-0.27
DMAAR	Drugs Made In America Acquisition Corp. RightsBLANK CHECKS	-0.27
RAMP	LiveRamp Holdings, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	-0.26

Frequently asked questions about OXLCN correlations

Which stocks are most correlated with OXLCN?: Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) are FNRN (0.29), IAE (0.29) and CGV (0.28). 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 OXLCN?: Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) are TC (-0.32), CEPO (-0.28) and PCTY (-0.27). 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 OXLCN correlations calculated?: We compute the correlation of daily returns between OXLCN 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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