OLB Correlations

OLB Stock

USD 0.65 0.0006 0.09%

The current 90-days correlation between OLB Group and My Size is 0.34 (i.e., Weak diversification). The correlation of OLB 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.

OLB Correlation With Market

Weak diversification

The correlation between OLB Group and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OLB Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with OLB Stock

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

Moving together with OLB Stock

0.85	JG	Aurora Mobile	Pair Corr
0.71	RXT	Rackspace Technology	Pair Corr
0.79	SAP	SAP SE ADR	Pair Corr
0.82	TTD	Trade Desk	Pair Corr
0.67	ALAR	Alarum Technologies Tech Boost	Pair Corr
0.85	CLSK	CleanSpark Buyout Trend	Pair Corr
0.89	UPLD	Upland Software	Pair Corr
0.84	HPQ	HP Inc	Pair Corr

Moving against OLB Stock

0.77	RDZN	Roadzen Tech Boost	Pair Corr
0.76	MGIC	Magic Software Enter	Pair Corr
0.72	PTAIY	Astra International Tbk	Pair Corr
0.66	USDC	USDATA Corp	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.64	PUTKY	United Tractors Tbk	Pair Corr
0.5	ZM	Zoom Video Communications	Pair Corr
0.5	PKX	POSCO Holdings	Pair Corr
0.46	ASUR	Asure Software	Pair Corr
0.33	PHJMF	PT Hanjaya Mandala	Pair Corr
0.86	CASXF	Casa Minerals	Pair Corr
0.81	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.79	FTV	Fortive Corp	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.71	AXP	American Express	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.6	KO	Coca Cola	Pair Corr
0.47	MCD	McDonalds	Pair Corr
0.44	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.42	SIDU	Sidus Space Trending	Pair Corr

Related Correlations Analysis

	MYSZ	AUUD	TGL	WALD	ULY	COE	IMTE	APCX	OBLG	FRGT
MYSZ		0.79	0.79	-0.44	0.73	0.66	0.85	-0.68	0.55	0.86	MYSZ
AUUD	0.79		0.75	-0.32	0.84	0.35	0.86	-0.74	0.39	0.86	AUUD
TGL	0.79	0.75		-0.16	0.69	0.52	0.84	-0.57	0.56	0.83	TGL
WALD	-0.44	-0.32	-0.16		-0.53	-0.14	-0.25	0.37	-0.13	-0.18	WALD
ULY	0.73	0.84	0.69	-0.53		0.35	0.77	-0.76	0.3	0.75	ULY
COE	0.66	0.35	0.52	-0.14	0.35		0.57	-0.55	0.55	0.67	COE
IMTE	0.85	0.86	0.84	-0.25	0.77	0.57		-0.68	0.54	0.93	IMTE
APCX	-0.68	-0.74	-0.57	0.37	-0.76	-0.55	-0.68		-0.4	-0.79	APCX
OBLG	0.55	0.39	0.56	-0.13	0.3	0.55	0.54	-0.4		0.54	OBLG
FRGT	0.86	0.86	0.83	-0.18	0.75	0.67	0.93	-0.79	0.54		FRGT
	MYSZ	AUUD	TGL	WALD	ULY	COE	IMTE	APCX	OBLG	FRGT

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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

FRGT	+ 0.93	IMTE
FRGT	+ 0.86	MYSZ
IMTE	+ 0.86	AUUD
FRGT	+ 0.86	AUUD
IMTE	+ 0.85	MYSZ
ULY	+ 0.84	AUUD

High negative correlations

FRGT	- 0.79	APCX
APCX	- 0.76	ULY
APCX	- 0.74	AUUD
APCX	- 0.68	IMTE
APCX	- 0.68	MYSZ
APCX	- 0.57	TGL

Risk-Adjusted Indicators

There is a big difference between OLB Stock performing well and OLB 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 OLB'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
MYSZ	3.27	(0.61)	0.00	(0.20)	0.00	0.00	6.76	(5.61)	22.02
AUUD	4.38	(0.98)	0.00	(0.42)	0.00	0.00	9.76	(13.08)	30.68
TGL	11.74	0.90	0.08	0.32	12.36	(15.95)	12.67	(22.25)	316.34
WALD	3.75	(0.08)	0.00	0.37	0.00	0.00	7.58	(7.46)	33.33
ULY	5.05	0.00	(0.01)	0.07	4.47	(8.37)	10.90	(7.86)	46.69
COE	2.93	(0.50)	0.00	(0.36)	0.00	0.00	7.75	(10.63)	26.82
IMTE	4.99	(0.53)	0.00	(0.37)	0.00	0.00	7.50	(8.87)	63.84
APCX	8.32	1.65	0.15	5.91	7.74	(16.12)	23.08	(12.50)	95.15
OBLG	5.26	(0.07)	0.00	0.13	0.00	0.00	10.66	(11.03)	37.07
FRGT	5.17	(1.73)	0.00	(0.62)	0.00	0.00	9.52	(11.97)	55.36

OLB Corporate Executives

Elected by the shareholders, the OLB's board of directors comprises two types of representatives: OLB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OLB. The board's role is to monitor OLB's management team and ensure that shareholders' interests are well served. OLB's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, OLB's outside directors are responsible for providing unbiased perspectives on the board's policies.

Rachel CPA

CFO Officer

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