Yes, indeed there is a relationship. Usually, when an element exhibits many oxidation states, the highest state is more powerful an oxidizing agent when compared to the lower states, simply because it has many more options to get reduced to, in contrast to the lower states, which have a lesser number of options.
Ex : Cl exhibits states -1,0,+1,+3,+5, and +7... +7 has many more options available when compared to +3 and hence is much more powerful an oxidizer.