Oconee Federal Correlations

OFED Stock

USD 15.10 0.20 1.31%

The current 90-days correlation between Oconee Federal Financial and Blueharbor Bank is -0.13 (i.e., Good diversification). The correlation of Oconee Federal 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.

Oconee Federal Correlation With Market

Weak diversification

The correlation between Oconee Federal Financial and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oconee Federal Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Oconee Federal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oconee Federal 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 Oconee Federal - 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 Oconee Federal Financial to buy it.

Moving together with Oconee OTC Stock

0.64

GAYMF

Galway Metals

Pair Corr

Moving against Oconee OTC Stock

0.58	WELL	Welltower Earnings Call This Week	Pair Corr
0.53	SHIP	Seanergy Maritime	Pair Corr
0.38	PBCRF	PT Bank Central	Pair Corr
0.37	BKRKF	PT Bank Rakyat	Pair Corr
0.48	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	BLHK	BKSC	BCTF	FSRL	PFBX	REDW	NMBF	FCOB	PBCO	FTFI
BLHK		-0.18	0.81	0.82	0.54	-0.41	0.77	0.75	0.6	0.42	BLHK
BKSC	-0.18		-0.11	-0.28	-0.18	0.36	-0.26	-0.32	-0.42	-0.44	BKSC
BCTF	0.81	-0.11		0.84	0.64	-0.62	0.91	0.84	0.72	0.58	BCTF
FSRL	0.82	-0.28	0.84		0.52	-0.33	0.77	0.69	0.53	0.47	FSRL
PFBX	0.54	-0.18	0.64	0.52		-0.54	0.6	0.59	0.57	0.42	PFBX
REDW	-0.41	0.36	-0.62	-0.33	-0.54		-0.75	-0.81	-0.93	-0.78	REDW
NMBF	0.77	-0.26	0.91	0.77	0.6	-0.75		0.93	0.87	0.73	NMBF
FCOB	0.75	-0.32	0.84	0.69	0.59	-0.81	0.93		0.93	0.8	FCOB
PBCO	0.6	-0.42	0.72	0.53	0.57	-0.93	0.87	0.93		0.82	PBCO
FTFI	0.42	-0.44	0.58	0.47	0.42	-0.78	0.73	0.8	0.82		FTFI
	BLHK	BKSC	BCTF	FSRL	PFBX	REDW	NMBF	FCOB	PBCO	FTFI

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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

FCOB	+ 0.93	NMBF
PBCO	+ 0.93	FCOB
NMBF	+ 0.91	BCTF
PBCO	+ 0.87	NMBF
FSRL	+ 0.84	BCTF
FCOB	+ 0.84	BCTF

High negative correlations

PBCO	- 0.93	REDW
FCOB	- 0.81	REDW
FTFI	- 0.78	REDW
NMBF	- 0.75	REDW
REDW	- 0.62	BCTF
REDW	- 0.54	PFBX

Risk-Adjusted Indicators

There is a big difference between Oconee OTC Stock performing well and Oconee Federal OTC Stock 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 Oconee Federal'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
BLHK	1.29	0.33	0.07	0.65	1.50	(2.86)	4.51	(2.59)	17.51
BKSC	0.88	(0.14)	0.00	(0.61)	0.00	0.00	1.47	(2.45)	6.30
BCTF	0.47	0.00	0.12	0.00	0.15	(0.74)	1.58	(0.73)	4.10
FSRL	1.33	0.52	0.21	5.52	1.05	(1.97)	3.98	(2.94)	9.81
PFBX	0.62	0.06	0.00	(1.91)	1.41	(1.15)	1.12	(0.90)	19.09
REDW	0.78	(0.40)	0.00	(5.56)	0.00	0.00	0.00	0.00	26.46
NMBF	0.12	0.00	0.00	0.00	0.00	0.00	0.31	0.00	2.19
FCOB	0.90	0.18	0.14	0.36	0.78	(1.17)	1.98	(1.39)	6.35
PBCO	0.20	0.06	0.02	0.91	0.00	(0.47)	0.83	(0.28)	2.48
FTFI	0.72	0.19	0.07	(3.03)	0.68	(2.19)	2.27	(1.36)	12.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oconee Federal 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.

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