OceanFirst Financial Correlations

OCFC Stock

USD 17.87 0.40 2.29%

The current 90-days correlation between OceanFirst Financial Corp and Origin Bancorp is 0.78 (i.e., Poor diversification). The correlation of OceanFirst Financial 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.

OceanFirst Financial Correlation With Market

Weak diversification

The correlation between OceanFirst Financial Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OceanFirst Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with OceanFirst Stock

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

Moving together with OceanFirst Stock

0.69	EFSC	Enterprise Financial	Pair Corr
0.64	FRME	First Merchants	Pair Corr
0.62	HTH	Hilltop Holdings	Pair Corr
0.76	GABC	German American Bancorp	Pair Corr
0.66	TMP	Tompkins Financial	Pair Corr
0.61	601187	Xiamen Bank	Pair Corr
0.63	NBHC	National Bank Holdings Normal Trading	Pair Corr
0.73	NBTB	NBT Bancorp	Pair Corr
0.7	SBFG	SB Financial Group	Pair Corr
0.68	SRBK	SR Bancorp Common	Pair Corr
0.73	SRCE	1st Source	Pair Corr
0.68	STBA	ST Bancorp	Pair Corr
0.78	BANR	Banner	Pair Corr
0.65	STEL	Stellar Bancorp	Pair Corr
0.81	BHRB	Burke Herbert Financial	Pair Corr
0.66	TCBK	TriCo Bancshares	Pair Corr

Moving against OceanFirst Stock

0.46	601658	Postal Savings Bank	Pair Corr
0.46	601665	Qilu Bank	Pair Corr

Related Correlations Analysis

	OBK	PEBO	FSUN	TMP	PFBC	OSBC	QCRH	CNOB	CFR	WABC
OBK		0.95	0.31	0.77	0.93	0.97	0.93	0.94	0.83	0.85	OBK
PEBO	0.95		0.44	0.82	0.95	0.97	0.91	0.96	0.83	0.86	PEBO
FSUN	0.31	0.44		0.26	0.35	0.34	0.12	0.5	0.61	0.19	FSUN
TMP	0.77	0.82	0.26		0.79	0.86	0.83	0.86	0.51	0.77	TMP
PFBC	0.93	0.95	0.35	0.79		0.95	0.9	0.91	0.73	0.91	PFBC
OSBC	0.97	0.97	0.34	0.86	0.95		0.94	0.95	0.78	0.88	OSBC
QCRH	0.93	0.91	0.12	0.83	0.9	0.94		0.88	0.67	0.83	QCRH
CNOB	0.94	0.96	0.5	0.86	0.91	0.95	0.88		0.81	0.8	CNOB
CFR	0.83	0.83	0.61	0.51	0.73	0.78	0.67	0.81		0.63	CFR
WABC	0.85	0.86	0.19	0.77	0.91	0.88	0.83	0.8	0.63		WABC
	OBK	PEBO	FSUN	TMP	PFBC	OSBC	QCRH	CNOB	CFR	WABC

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Risk-Adjusted Indicators

There is a big difference between OceanFirst Stock performing well and OceanFirst Financial 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 OceanFirst Financial'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
OBK	1.13	0.21	0.12	0.33	1.26	(1.26)	2.92	(2.24)	7.37
PEBO	1.14	0.03	0.02	0.12	1.44	(1.23)	2.92	(2.17)	7.20
FSUN	1.79	(0.08)	(0.02)	0.00	3.84	(1.69)	3.49	(2.36)	20.45
TMP	1.33	0.12	0.07	0.19	1.60	(1.47)	3.48	(2.40)	8.74
PFBC	1.15	0.11	0.06	0.24	1.35	(1.29)	2.57	(2.01)	8.81
OSBC	1.29	0.13	0.09	0.19	1.44	(1.55)	3.18	(1.66)	10.55
QCRH	1.27	0.19	0.11	0.27	1.52	(1.43)	3.39	(2.23)	8.20
CNOB	1.27	0.04	0.02	0.12	1.71	(1.40)	3.39	(1.83)	11.94
CFR	1.04	0.06	0.04	0.15	1.19	(1.19)	2.93	(1.62)	7.78
WABC	1.09	0.04	0.02	0.14	1.08	(1.32)	2.97	(1.77)	6.26

OceanFirst Financial Corporate Management

Steven Esq	General EVP	Profile
CISSP CISA	Senior Officer	Profile
Alfred Goon	Senior Relations	Profile
Chad Dally	Defense Aerospace	Profile
David Berninger	Executive CRO	Profile
Kevin Georgetti	Senior Officer	Profile

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