OFG Bancorp Correlations

OFG Stock

USD 46.72 1.20 2.64%

The current 90-days correlation between OFG Bancorp and The First Bancshares, is 0.75 (i.e., Poor 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

Poor diversification

The correlation between OFG Bancorp and DJI is 0.62 (i.e., Poor 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.

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 census.

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

WAFD

Washington Federal

Pair Corr

Moving against OFG Stock

0.41	CFG-PH	Citizens Financial Group,	Pair Corr
0.31	ECBK	ECB Bancorp	Pair Corr
0.5	TFINP	Triumph Financial	Pair Corr
0.41	WAFDP	Washington Federal	Pair Corr
0.33	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	BPOP	FBMS	FCF	FBNC	HFBL	LNKB	RBKB	LSBK	ORRF	FNWD
BPOP		0.04	0.22	0.25	0.06	-0.16	-0.16	-0.31	-0.15	-0.25	BPOP
FBMS	0.04		0.95	0.92	0.13	0.88	0.42	0.38	0.93	0.17	FBMS
FCF	0.22	0.95		0.96	0.1	0.84	0.48	0.41	0.9	0.22	FCF
FBNC	0.25	0.92	0.96		0.06	0.85	0.53	0.39	0.88	0.29	FBNC
HFBL	0.06	0.13	0.1	0.06		0.05	0.14	0.18	0.11	0.11	HFBL
LNKB	-0.16	0.88	0.84	0.85	0.05		0.6	0.56	0.93	0.43	LNKB
RBKB	-0.16	0.42	0.48	0.53	0.14	0.6		0.78	0.63	0.8	RBKB
LSBK	-0.31	0.38	0.41	0.39	0.18	0.56	0.78		0.61	0.76	LSBK
ORRF	-0.15	0.93	0.9	0.88	0.11	0.93	0.63	0.61		0.43	ORRF
FNWD	-0.25	0.17	0.22	0.29	0.11	0.43	0.8	0.76	0.43		FNWD
	BPOP	FBMS	FCF	FBNC	HFBL	LNKB	RBKB	LSBK	ORRF	FNWD

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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

FBNC	+ 0.96	FCF
FCF	+ 0.95	FBMS
ORRF	+ 0.93	FBMS
ORRF	+ 0.93	LNKB
FBNC	+ 0.92	FBMS
ORRF	+ 0.9	FCF

High negative correlations

LSBK	- 0.31	BPOP
FNWD	- 0.25	BPOP
RBKB	- 0.16	BPOP
LNKB	- 0.16	BPOP
ORRF	- 0.15	BPOP

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
BPOP	1.53	(0.19)	(0.02)	0.03	2.34	(1.61)	2.87	(2.71)	14.09
FBMS	1.58	(0.02)	0.06	0.11	1.50	(1.97)	3.88	(3.51)	16.66
FCF	1.44	(0.06)	0.06	0.09	1.36	(1.69)	2.85	(2.63)	20.14
FBNC	1.53	(0.03)	0.06	0.10	1.54	(1.82)	3.37	(2.51)	16.50
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
LNKB	1.73	0.11	0.09	0.19	1.55	(2.32)	4.29	(2.70)	10.82
RBKB	1.27	0.21	0.09	0.79	1.14	(1.65)	4.15	(2.65)	9.98
LSBK	1.20	0.06	(0.01)	0.33	1.38	(1.62)	3.69	(3.23)	8.55
ORRF	1.04	0.02	0.05	0.13	1.01	(1.13)	2.74	(2.38)	12.95
FNWD	0.96	0.15	0.06	0.65	0.75	(1.21)	2.48	(1.80)	12.55

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