OFG Bancorp Correlations

OFG Stock

USD 37.15 1.83 4.69%

The current 90-days correlation between OFG Bancorp and City Holding is 0.31 (i.e., Weak diversification). The correlation of OFG Bancorp 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.

OFG Bancorp Correlation With Market

Very weak diversification

The correlation between OFG Bancorp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OFG Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with OFG Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFG 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 price.

For more detail on how to invest in OFG Stock please use our How to Invest in OFG Bancorp guide.

Moving together with OFG Stock

0.7	WSBC	WesBanco Earnings Call Tomorrow	Pair Corr
0.67	FBIZ	First Business Financial Earnings Call This Week	Pair Corr
0.66	FFWM	First Foundation Earnings Call This Week	Pair Corr
0.64	FMNB	Farmers National Banc Earnings Call This Week	Pair Corr
0.61	AUB	Atlantic Union Bankshares	Pair Corr
0.75	HTB	HomeTrust Bancshares Symbol Change	Pair Corr
0.65	PFS	Provident Financial Earnings Call Tomorrow	Pair Corr
0.65	PGC	Peapack Gladstone Earnings Call This Week	Pair Corr
0.67	TMP	Tompkins Financial Earnings Call This Week	Pair Corr
0.68	HBCP	Home Bancorp	Pair Corr
0.61	INBK	First Internet Bancorp Earnings Call This Week	Pair Corr
0.62	INDB	Independent Bank	Pair Corr
0.64	MSBI	Midland States Bancorp	Pair Corr
0.7	NFBK	Northfield Bancorp Earnings Call Tomorrow	Pair Corr
0.65	NRIM	Northrim BanCorp	Pair Corr
0.61	MBLPD	Macquarie Bank	Pair Corr
0.61	ACNB	ACNB	Pair Corr

Moving against OFG Stock

0.54	601665	Qilu Bank	Pair Corr
0.53	601658	Postal Savings Bank	Pair Corr
0.47	LDI	Loandepot	Pair Corr
0.44	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	CHCO	NWBI	NIC	FCF	EFSC	BLX	PNFP	SRCE	OZK	FRME
CHCO		0.91	0.77	0.84	0.91	0.52	0.82	0.85	0.81	0.88	CHCO
NWBI	0.91		0.79	0.85	0.97	0.54	0.82	0.83	0.86	0.91	NWBI
NIC	0.77	0.79		0.72	0.81	0.73	0.6	0.75	0.63	0.69	NIC
FCF	0.84	0.85	0.72		0.89	0.44	0.92	0.9	0.9	0.96	FCF
EFSC	0.91	0.97	0.81	0.89		0.58	0.85	0.84	0.88	0.93	EFSC
BLX	0.52	0.54	0.73	0.44	0.58		0.35	0.48	0.29	0.4	BLX
PNFP	0.82	0.82	0.6	0.92	0.85	0.35		0.91	0.87	0.94	PNFP
SRCE	0.85	0.83	0.75	0.9	0.84	0.48	0.91		0.82	0.89	SRCE
OZK	0.81	0.86	0.63	0.9	0.88	0.29	0.87	0.82		0.93	OZK
FRME	0.88	0.91	0.69	0.96	0.93	0.4	0.94	0.89	0.93		FRME
	CHCO	NWBI	NIC	FCF	EFSC	BLX	PNFP	SRCE	OZK	FRME

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Risk-Adjusted Indicators

There is a big difference between OFG Stock performing well and OFG Bancorp 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 OFG Bancorp'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
CHCO	0.87	(0.03)	(0.05)	0.02	1.11	(1.04)	1.91	(1.54)	5.08
NWBI	1.15	(0.02)	(0.02)	0.05	1.31	(1.32)	3.66	(2.50)	5.98
NIC	1.44	0.09	0.05	0.16	1.65	(1.51)	2.95	(2.92)	10.05
FCF	1.12	0.08	0.05	0.17	1.29	(1.37)	2.92	(1.48)	7.09
EFSC	1.12	(0.04)	(0.03)	0.03	1.29	(1.31)	2.79	(1.83)	5.57
BLX	0.92	0.04	0.00	0.16	1.38	(0.94)	2.74	(1.75)	6.57
PNFP	1.23	0.09	0.05	0.15	1.52	(1.28)	2.99	(2.01)	8.67
SRCE	1.03	0.14	0.09	0.28	1.01	(1.21)	2.95	(2.08)	6.47
OZK	1.05	(0.07)	(0.05)	0.01	1.30	(1.14)	2.43	(2.13)	6.11
FRME	1.07	0.00	0.00	0.07	1.26	(1.15)	2.33	(1.59)	6.00

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