Orange County Correlations

OBT Stock

USD 26.55 0.18 0.67%

The current 90-days correlation between Orange County Bancorp and Southern States Bancshares is 0.61 (i.e., Poor diversification). The correlation of Orange County 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.

Orange County Correlation With Market

Significant diversification

The correlation between Orange County Bancorp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orange County Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orange County Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Orange Stock

0.8	AX	Axos Financial	Pair Corr
0.78	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.71	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.75	RF	Regions Financial	Pair Corr
0.86	VABK	Virginia National Earnings Call This Week	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.88	VBTX	Veritex Holdings Earnings Call This Week	Pair Corr
0.77	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.62	ECBK	ECB Bancorp	Pair Corr
0.66	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.82	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.61	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.65	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.86	WABC	Westamerica Bancorporation	Pair Corr
0.87	WAFD	Washington Federal	Pair Corr
0.85	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.87	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.67	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.66	EWBC	East West Bancorp Earnings Call This Week	Pair Corr
0.85	WMPN	William Penn Bancorp	Pair Corr

Related Correlations Analysis

	SSBK	USCB	TCBX	ESQ	FSBC
SSBK		0.95	0.83	0.52	0.72	SSBK
USCB	0.95		0.84	0.64	0.65	USCB
TCBX	0.83	0.84		0.61	0.52	TCBX
ESQ	0.52	0.64	0.61		0.11	ESQ
FSBC	0.72	0.65	0.52	0.11		FSBC
	SSBK	USCB	TCBX	ESQ	FSBC

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Risk-Adjusted Indicators

There is a big difference between Orange Stock performing well and Orange County 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 Orange County'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
SSBK	1.78	0.19	0.09	0.65	1.85	(2.04)	3.58	(3.20)	20.85
USCB	1.94	0.36	0.17	0.39	1.91	(2.24)	4.20	(3.06)	26.53
TCBX	1.65	0.28	0.15	0.47	1.59	(2.06)	4.15	(2.21)	12.16
ESQ	1.64	0.46	0.27	0.66	1.37	(1.92)	3.81	(2.34)	12.14
FSBC	2.96	0.26	0.05	(0.79)	4.59	(3.51)	7.05	(5.65)	45.66

Orange County Corporate Management

Michael Listner	Senior Officer	Profile
Robert Peacock	Sr CFO	Profile
Michael Lesler	Controller VP	Profile
Michael Coulter	Executive Executive	Profile
Jacob Rahiman	Senior Officer	Profile

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