OLD Competitors
| OSB Stock | EUR 16.40 0.30 1.86% |
OLD SECOND vs GUARDANT HEALTH Correlation
Very weak diversification
The correlation between OLD SECOND BANCORP and 5GH is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OLD SECOND BANCORP and 5GH in the same portfolio, assuming nothing else is changed.
Moving against OLD Stock
OLD SECOND Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between OLD SECOND and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of OLD and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of OLD SECOND BANCORP does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between OLD Stock performing well and OLD SECOND Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze OLD SECOND's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 6E5 | 2.85 | 0.16 | 0.02 | 3.09 | 3.95 | 8.76 | 21.83 | |||
| HBO | 1.50 | 0.29 | 0.16 | 0.43 | 1.38 | 3.82 | 12.19 | |||
| WIJ | 2.37 | 0.60 | 0.16 | (1.33) | 2.58 | 5.31 | 12.21 | |||
| 81M | 2.35 | (0.06) | 0.00 | (0.04) | 0.00 | 4.03 | 16.02 | |||
| 7VS | 1.45 | (0.58) | 0.00 | (1.70) | 0.00 | 1.93 | 9.75 | |||
| SBC | 1.23 | 0.00 | (0.03) | 0.03 | 1.53 | 2.41 | 11.42 | |||
| CPW | 1.49 | (0.20) | 0.00 | (0.85) | 0.00 | 2.55 | 9.67 | |||
| 5GH | 2.32 | 0.76 | 0.29 | 1.90 | 1.96 | 4.94 | 21.53 |
OLD SECOND Competitive Analysis
The better you understand OLD SECOND competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, OLD SECOND's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across OLD SECOND's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
OLD SECOND Competition Performance Charts
Five steps to successful analysis of OLD SECOND Competition
OLD SECOND's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by OLD SECOND BANCORP in relation to its competition. OLD SECOND's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of OLD SECOND in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact OLD SECOND's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to OLD SECOND BANCORP, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your OLD SECOND position
In addition to having OLD SECOND in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Real Estate
Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. The Real Estate theme has 47 constituents at this time.
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Check out OLD SECOND Correlation with its peers. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.