Oak Ridge Correlations

BKOR Stock

USD 29.70 0.20 0.68%

The current 90-days correlation between Oak Ridge Financial and National Capital Bank is 0.15 (i.e., Average diversification). The correlation of Oak Ridge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Oak Ridge Correlation With Market

Good diversification

The correlation between Oak Ridge Financial and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Oak Ridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oak Ridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oak Ridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oak Ridge Financial to buy it.

Moving together with Oak Pink Sheet

0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.75	PPERY	Bank Mandiri Persero	Pair Corr
0.62	DDS	Dillards,	Pair Corr
0.65	CRRFY	Carrefour SA PK	Pair Corr
0.63	TEO	Telecom Argentina	Pair Corr
0.61	PHAR	Pharming Group NV	Pair Corr
0.89	DNLMY	Dunelm Group PLC	Pair Corr
0.74	BAC	Bank of America	Pair Corr
0.72	REGN	Regeneron Pharmaceuticals	Pair Corr
0.7	NOEM	CO2 Energy Transition	Pair Corr
0.68	RLMD	Relmada Therapeutics	Pair Corr
0.77	GM	General Motors	Pair Corr
0.77	AAL	American Airlines	Pair Corr
0.68	APGE	Apogee Therapeutics,	Pair Corr

Moving against Oak Pink Sheet

0.35	CYPS	Cyclo3pss	Pair Corr
0.32	SWRM	Appswarm	Pair Corr
0.61	WOLF	Wolfspeed,	Pair Corr
0.43	12532HAF1	GIBACN 23 14	Pair Corr

Related Correlations Analysis

	NACB	SOBS	ORPB	SEBC	EFIN	PTBS	PBKC	RVCB	CCNB	KLIB
NACB		-0.37	0.55	0.52	0.7	0.24	0.34	-0.37	-0.04	0.49	NACB
SOBS	-0.37		-0.29	-0.31	-0.14	-0.12	-0.27	0.35	-0.12	0.05	SOBS
ORPB	0.55	-0.29		0.56	0.58	0.07	0.7	-0.55	0.04	0.25	ORPB
SEBC	0.52	-0.31	0.56		0.62	0.16	0.3	-0.37	-0.06	0.29	SEBC
EFIN	0.7	-0.14	0.58	0.62		0.33	0.28	-0.47	-0.11	0.6	EFIN
PTBS	0.24	-0.12	0.07	0.16	0.33		0.18	-0.07	-0.01	0.23	PTBS
PBKC	0.34	-0.27	0.7	0.3	0.28	0.18		-0.45	0.15	0.08	PBKC
RVCB	-0.37	0.35	-0.55	-0.37	-0.47	-0.07	-0.45		0.14	-0.28	RVCB
CCNB	-0.04	-0.12	0.04	-0.06	-0.11	-0.01	0.15	0.14		-0.1	CCNB
KLIB	0.49	0.05	0.25	0.29	0.6	0.23	0.08	-0.28	-0.1		KLIB
	NACB	SOBS	ORPB	SEBC	EFIN	PTBS	PBKC	RVCB	CCNB	KLIB

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EFIN	+ 0.7	NACB
PBKC	+ 0.7	ORPB
EFIN	+ 0.62	SEBC
KLIB	+ 0.6	EFIN
EFIN	+ 0.58	ORPB
SEBC	+ 0.56	ORPB

High negative correlations

RVCB	- 0.55	ORPB
RVCB	- 0.47	EFIN
RVCB	- 0.45	PBKC
RVCB	- 0.37	SEBC
RVCB	- 0.37	NACB
SOBS	- 0.37	NACB

Risk-Adjusted Indicators

There is a big difference between Oak Pink Sheet performing well and Oak Ridge 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 Oak Ridge'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
NACB	0.38	0.02	(0.03)	(0.04)	0.76	(0.87)	1.15	(1.15)	8.35
SOBS	0.49	(0.01)	(0.02)	0.04	0.84	(1.57)	1.32	(2.50)	11.18
ORPB	0.41	0.09	0.02	(5.58)	0.30	(1.54)	1.76	(0.82)	6.14
SEBC	0.88	0.03	(0.01)	0.18	1.26	(1.38)	1.39	(2.39)	13.25
EFIN	0.63	0.13	0.04	0.84	0.83	(0.78)	1.75	(1.78)	4.96
PTBS	0.81	(0.03)	(0.02)	0.02	1.48	(1.23)	1.76	(3.61)	9.14
PBKC	0.51	0.24	0.00	1.59	0.00	0.00	0.39	0.00	13.17
RVCB	0.61	(0.07)	0.00	0.30	0.00	0.00	0.29	(1.66)	10.27
CCNB	1.00	(0.04)	0.00	(0.06)	0.00	0.00	2.45	(2.21)	9.02
KLIB	1.33	0.04	0.01	0.10	1.95	(2.61)	4.06	(2.46)	16.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oak Ridge without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio File Import Now

Portfolio File Import

Quickly import all of your third-party portfolios from your local drive in csv format

All Next

Launch Module

Oak Ridge Corporate Management

Thomas CPA	CEO and President	Profile
Marissa Parrish	Chief VP	Profile
Jeffrey Finberg	Chief Lending	Profile
Brady Young	Chief VP	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC