OFG Bancorp Correlations

OFG Stock

USD 41.02 0.04 0.1%

The current 90-days correlation between OFG Bancorp and City Holding is 0.53 (i.e., Very 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 0.42 (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 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

0.69	FFBC	First Financial Bancorp	Pair Corr
0.71	GSBC	Great Southern Bancorp	Pair Corr
0.63	HBAN	Huntington Bancshares	Pair Corr
0.82	INBK	First Internet Bancorp	Pair Corr
0.63	MGYR	Magyar Bancorp	Pair Corr
0.61	PNFP	Pinnacle Financial	Pair Corr
0.75	RMBI	Richmond Mutual Banc	Pair Corr
0.66	SPFI	South Plains Financial	Pair Corr
0.64	BOKF	BOK Financial	Pair Corr

Moving against OFG Stock

0.54	601658	Postal Savings Bank	Pair Corr
0.47	601665	Qilu Bank	Pair Corr
0.42	SBID	State Bank	Pair Corr
0.6	PBCRF	PT Bank Central	Pair Corr
0.46	BKRKF	PT Bank Rakyat	Pair Corr
0.41	CICHF	China Construction Bank	Pair Corr
0.4	CMWCF	Cromwell Property	Pair Corr

Related Correlations Analysis

	CHCO	NWBI	NIC	FCF	EFSC	BLX	PNFP	SRCE	OZK	FRME
CHCO		0.87	0.62	0.87	0.74	0.42	0.83	0.84	0.43	0.88	CHCO
NWBI	0.87		0.78	0.89	0.9	0.49	0.8	0.69	0.7	0.91	NWBI
NIC	0.62	0.78		0.61	0.87	0.5	0.47	0.37	0.78	0.64	NIC
FCF	0.87	0.89	0.61		0.82	0.47	0.94	0.81	0.61	0.97	FCF
EFSC	0.74	0.9	0.87	0.82		0.47	0.71	0.51	0.88	0.86	EFSC
BLX	0.42	0.49	0.5	0.47	0.47		0.39	0.37	0.27	0.4	BLX
PNFP	0.83	0.8	0.47	0.94	0.71	0.39		0.89	0.49	0.93	PNFP
SRCE	0.84	0.69	0.37	0.81	0.51	0.37	0.89		0.21	0.79	SRCE
OZK	0.43	0.7	0.78	0.61	0.88	0.27	0.49	0.21		0.66	OZK
FRME	0.88	0.91	0.64	0.97	0.86	0.4	0.93	0.79	0.66		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	0.91	(0.08)	0.00	(0.06)	0.00	0.00	2.03	(2.32)	5.48
NWBI	1.19	(0.11)	0.00	(0.04)	0.00	0.00	3.66	(3.02)	9.38
NIC	1.40	(0.23)	0.00	(0.18)	0.00	0.00	2.79	(3.26)	10.97
FCF	1.15	(0.05)	(0.03)	0.00	1.69	(1.32)	2.92	(3.10)	8.48
EFSC	1.17	(0.16)	0.00	(0.09)	0.00	0.00	2.90	(2.94)	8.56
BLX	0.81	(0.08)	0.00	(0.11)	0.00	0.00	1.59	(1.75)	7.51
PNFP	1.30	(0.05)	(0.01)	0.02	2.00	(1.30)	2.87	(2.64)	9.66
SRCE	1.07	0.00	0.00	0.06	1.32	(1.20)	2.23	(2.56)	6.47
OZK	1.23	(0.21)	0.00	(0.09)	0.00	0.00	2.96	(2.25)	9.90
FRME	1.08	(0.09)	0.00	(0.02)	0.00	0.00	2.64	(2.59)	7.20

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