OLB Correlations

OLB Stock

USD 0.53 0.02 3.27%

The current 90-days correlation between OLB Group and My Size is 0.09 (i.e., Significant 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

Excellent diversification

The correlation between OLB Group and DJI is -0.66 (i.e., Excellent 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

0.73	BOX	Box Inc	Pair Corr
0.82	YEXT	Yext Inc	Pair Corr
0.71	STC	Sangoma Technologies Corp Earnings Call This Week	Pair Corr
0.81	GWRE	Guidewire Software	Pair Corr
0.67	OVT	Oculus VisionTech	Pair Corr
0.62	EVPL	Everplay Group PLC	Pair Corr
0.67	ERD	Eroad	Pair Corr
0.74	ID	Identillect Technologies	Pair Corr
0.66	HSN	Hansen Technologies	Pair Corr
0.69	TNE	Technology One	Pair Corr
0.86	ALFA	Alfa Financial Software	Pair Corr
0.63	MANH	Manhattan Associates	Pair Corr
0.71	MNDY	MondayCom	Pair Corr

Moving against OLB Stock

0.73	TTGI	Turnium Technology	Pair Corr
0.73	DAY	Dayforce	Pair Corr
0.71	VENZ	Venzee Technologies	Pair Corr
0.48	GLOB	Globant SA	Pair Corr
0.37	U	Unity Software	Pair Corr
0.71	IAM	Income Asset Management	Pair Corr
0.5	LNU	Linius Technologies	Pair Corr
0.37	ATG	Auction Technology	Pair Corr
0.75	MGIC	Magic Software Enter	Pair Corr
0.66	RDY	Readytech Holdings	Pair Corr
0.59	WNDR	WonderFi Technologies	Pair Corr
0.38	NATL	NCR Atleos	Pair Corr

Related Correlations Analysis

	MYSZ	AUUD	TGL	WALD	ULY	COE	IMTE	APCX	OBLG	FRGT
MYSZ		0.78	0.68	-0.06	0.24	0.75	0.53	-0.4	0.81	0.75	MYSZ
AUUD	0.78		0.58	-0.16	0.35	0.66	0.56	-0.44	0.75	0.75	AUUD
TGL	0.68	0.58		0.27	0.12	0.78	0.51	-0.21	0.57	0.81	TGL
WALD	-0.06	-0.16	0.27		-0.68	0.42	0.07	0.25	-0.27	0.36	WALD
ULY	0.24	0.35	0.12	-0.68		-0.06	-0.01	-0.5	0.33	0.09	ULY
COE	0.75	0.66	0.78	0.42	-0.06		0.48	-0.35	0.63	0.94	COE
IMTE	0.53	0.56	0.51	0.07	-0.01	0.48		-0.09	0.49	0.56	IMTE
APCX	-0.4	-0.44	-0.21	0.25	-0.5	-0.35	-0.09		-0.49	-0.44	APCX
OBLG	0.81	0.75	0.57	-0.27	0.33	0.63	0.49	-0.49		0.61	OBLG
FRGT	0.75	0.75	0.81	0.36	0.09	0.94	0.56	-0.44	0.61		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	+ 0.94	COE
OBLG	+ 0.81	MYSZ
FRGT	+ 0.81	TGL
AUUD	+ 0.78	MYSZ
COE	+ 0.78	TGL
COE	+ 0.75	MYSZ

High negative correlations

ULY	- 0.68	WALD
APCX	- 0.5	ULY
OBLG	- 0.49	APCX
FRGT	- 0.44	APCX
APCX	- 0.44	AUUD
APCX	- 0.4	MYSZ

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	4.04	(0.50)	0.00	(0.33)	0.00	0.00	11.39	(8.25)	26.97
AUUD	4.44	(0.43)	0.00	1.37	0.00	0.00	15.15	(11.11)	36.34
TGL	12.37	1.61	0.10	(0.27)	12.28	(18.29)	13.57	(22.25)	316.34
WALD	3.61	(0.13)	0.00	0.35	0.00	0.00	9.57	(6.49)	33.33
ULY	5.87	0.09	(0.01)	(0.01)	5.70	(8.45)	15.23	(10.00)	67.64
COE	2.49	(0.84)	0.00	(12.25)	0.00	0.00	4.84	(10.46)	23.58
IMTE	6.00	0.44	0.06	3.55	6.08	(8.07)	13.79	(9.76)	63.84
APCX	8.05	2.01	0.19	(7.08)	7.67	(13.56)	21.62	(10.81)	95.15
OBLG	4.76	(0.44)	0.00	0.50	0.00	0.00	8.84	(10.76)	33.41
FRGT	5.87	(2.06)	0.00	(0.94)	0.00	0.00	9.52	(16.43)	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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