Live Oak Correlations

LOB Stock

USD 47.40 0.79 1.64%

The current 90-days correlation between Live Oak Bancshares and JPMorgan Chase Co is 0.66 (i.e., Poor diversification). The correlation of Live Oak 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.

Live Oak Correlation With Market

Poor diversification

The correlation between Live Oak Bancshares and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Oak Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Live Oak Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against Live Stock

0.48	FRCIL	First Republic Bank	Pair Corr
0.47	FRCHL	First Republic Bank	Pair Corr
0.46	FRCCL	First Republic Bank	Pair Corr
0.36	WCFB	WCF Bancorp	Pair Corr

Related Correlations Analysis

	JPM	C	WFC	TD	BAC	RY	HSBC	UBS	BCS
JPM		0.93	0.98	-0.78	0.98	0.47	0.68	0.62	0.9	JPM
C	0.93		0.94	-0.63	0.95	0.47	0.78	0.7	0.9	C
WFC	0.98	0.94		-0.8	0.99	0.55	0.73	0.68	0.93	WFC
TD	-0.78	-0.63	-0.8		-0.74	-0.41	-0.47	-0.61	-0.72	TD
BAC	0.98	0.95	0.99	-0.74		0.56	0.71	0.64	0.92	BAC
RY	0.47	0.47	0.55	-0.41	0.56		0.43	0.55	0.61	RY
HSBC	0.68	0.78	0.73	-0.47	0.71	0.43		0.57	0.76	HSBC
UBS	0.62	0.7	0.68	-0.61	0.64	0.55	0.57		0.79	UBS
BCS	0.9	0.9	0.93	-0.72	0.92	0.61	0.76	0.79		BCS
	JPM	C	WFC	TD	BAC	RY	HSBC	UBS	BCS

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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

BAC	+ 0.99	WFC
WFC	+ 0.98	JPM
BAC	+ 0.98	JPM
BAC	+ 0.95	C
WFC	+ 0.94	C
C	+ 0.93	JPM

High negative correlations

TD	- 0.8	WFC
TD	- 0.78	JPM
BAC	- 0.74	TD
BCS	- 0.72	TD
TD	- 0.63	C
UBS	- 0.61	TD

Risk-Adjusted Indicators

There is a big difference between Live Stock performing well and Live Oak 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 Live Oak'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
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
C	1.42	(0.01)	0.07	0.12	1.47	(1.62)	3.56	(1.97)	10.33
WFC	1.52	0.20	0.19	0.22	1.33	(1.77)	3.60	(2.18)	16.76
TD	0.75	(0.12)	0.00	(0.13)	0.00	0.00	1.54	(1.40)	8.21
BAC	1.07	0.08	0.16	0.18	0.65	(1.34)	2.19	(1.41)	9.84
RY	0.65	0.04	(0.05)	0.22	0.56	(0.75)	1.49	(0.90)	4.09
HSBC	0.96	0.06	(0.01)	0.25	1.38	(0.93)	2.03	(2.34)	6.87
UBS	1.17	(0.10)	(0.04)	0.05	1.59	(1.17)	2.32	(2.65)	7.85
BCS	1.62	0.01	0.04	0.13	1.94	(1.65)	3.35	(3.13)	10.17

Live Oak Corporate Management

Gregory Seward	General Counsel	Profile
Huntley Garriott	Pres Company	Profile
Courtney Spencer	Chief Officer	Profile
Gregory JD	Chief Counsel	Profile
Jamie Bourgeois	Senior Infrastructure	Profile
Steven Smits	Chief Credit Officer	Profile
Renato Derraik	Chief Bank	Profile

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