Oxford Lane Capital Corp. 5.00% Notes due 2027 (OXLCZ) — Stock Correlations & Overview
Over the past year, OXLCZ has moved most closely with OXLCI, ADAMI, MBNKO. Explore the stocks most correlated and inversely correlated with OXLCZ below, along with its price, financials, and company profile.
Stocks correlated with OXLCZ
Correlation of daily returns. Higher positive values move with OXLCZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with OXLCZ
| Symbol | Company | Correlation |
|---|---|---|
| OXLCI | Oxford Lane Capital Corp. 8.75% Notes due 2030 | 0.43 |
| ADAMI | Adamas Trust, Inc. 9.125% Senior Notes Due 2029REAL ESTATE INVESTMENT TRUSTS | 0.35 |
| MBNKO | Medallion Bank Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share | 0.32 |
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.32 |
| AQNB | Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 | 0.31 |
Most inversely correlated with OXLCZ
| Symbol | Company | Correlation |
|---|---|---|
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.28 |
| EEIQ | EpicQuest Education Group International Limited Common Stock | -0.23 |
| ATLCZ | Atlanticus Holdings Corporation 9.25% Senior Notes due 2029PERSONAL CREDIT INSTITUTIONS | -0.22 |
| OZ | Belpointe PREP, LLC Class A UnitsREAL ESTATE | -0.21 |
| FAF | First American Financial CorporationTITLE INSURANCE | -0.20 |
Frequently asked questions about OXLCZ correlations
- Which stocks are most correlated with OXLCZ?
- Based on one year of daily returns, the stocks most correlated with Oxford Lane Capital Corp. 5.00% Notes due 2027 (OXLCZ) are OXLCI (0.43), ADAMI (0.35) and MBNKO (0.32). 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 OXLCZ?
- Over the past year, the stocks most inversely correlated with Oxford Lane Capital Corp. 5.00% Notes due 2027 (OXLCZ) are RADX (-0.28), EEIQ (-0.23) and ATLCZ (-0.22). 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 OXLCZ correlations calculated?
- We compute the correlation of daily returns between OXLCZ 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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