OLB Correlations

OLB Stock

USD 0.59 0.01 1.67%

The current 90-days correlation between OLB Group and My Size is 0.31 (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 0.3 (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 industry.

Moving together with OLB Stock

0.64	002410	Glodon Software	Pair Corr
0.73	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.83	BSY	Bentley Systems	Pair Corr
0.78	PTC	PTC Inc	Pair Corr
0.76	SAP	SAP SE ADR	Pair Corr
0.78	TTD	Trade Desk Sell-off Trend	Pair Corr
0.82	TYL	Tyler Technologies	Pair Corr
0.83	GWRE	Guidewire Software	Pair Corr
0.75	EVPL	Everplay Group PLC	Pair Corr
0.9	ALFA	Alfa Financial Software	Pair Corr
0.61	600536	China National Software	Pair Corr
0.68	688588	Linkage Software	Pair Corr
0.74	688232	Guotai Epoint Software	Pair Corr

Moving against OLB Stock

0.77	DBD	Diebold Nixdorf	Pair Corr
0.46	ZM	Zoom Video Communications	Pair Corr
0.35	CRM	Salesforce Sell-off Trend	Pair Corr
0.63	603171	Servyou Software	Pair Corr
0.53	300520	GuoChuang Software	Pair Corr
0.39	688229	Bonree Data Technology	Pair Corr
0.71	300578	BizConf Telecom	Pair Corr
0.62	SSNC	SSC Technologies Holdings	Pair Corr
0.62	CGNT	Cognyte Software	Pair Corr
0.6	LNDNF	Lundin Energy AB	Pair Corr

Related Correlations Analysis

	MYSZ	AUUD	TGL	WALD	ULY	COE	IMTE	APCX	OBLG	FRGT
MYSZ		0.77	0.79	-0.19	0.45	0.76	0.86	-0.6	0.53	0.87	MYSZ
AUUD	0.77		0.7	-0.19	0.67	0.45	0.81	-0.71	0.39	0.83	AUUD
TGL	0.79	0.7		0.04	0.43	0.64	0.83	-0.48	0.66	0.8	TGL
WALD	-0.19	-0.19	0.04		-0.61	0.11	0.02	0.31	0.3	0.01	WALD
ULY	0.45	0.67	0.43	-0.61		0.08	0.42	-0.67	0.15	0.47	ULY
COE	0.76	0.45	0.64	0.11	0.08		0.74	-0.5	0.64	0.78	COE
IMTE	0.86	0.81	0.83	0.02	0.42	0.74		-0.58	0.58	0.92	IMTE
APCX	-0.6	-0.71	-0.48	0.31	-0.67	-0.5	-0.58		-0.26	-0.74	APCX
OBLG	0.53	0.39	0.66	0.3	0.15	0.64	0.58	-0.26		0.58	OBLG
FRGT	0.87	0.83	0.8	0.01	0.47	0.78	0.92	-0.74	0.58		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	+ 0.92	IMTE
FRGT	+ 0.87	MYSZ
IMTE	+ 0.86	MYSZ
FRGT	+ 0.83	AUUD
IMTE	+ 0.83	TGL
IMTE	+ 0.81	AUUD

High negative correlations

FRGT	- 0.74	APCX
APCX	- 0.71	AUUD
APCX	- 0.67	ULY
ULY	- 0.61	WALD
APCX	- 0.6	MYSZ
APCX	- 0.58	IMTE

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	(0.70)	0.00	(0.26)	0.00	0.00	6.76	(5.61)	22.02
AUUD	4.30	(1.02)	0.00	(0.45)	0.00	0.00	9.76	(13.08)	30.68
TGL	12.61	1.13	0.08	0.88	12.81	(17.21)	13.57	(22.25)	316.34
WALD	3.79	(0.29)	0.00	0.89	0.00	0.00	7.58	(7.46)	33.33
ULY	5.37	0.13	0.04	0.16	4.56	(8.72)	15.23	(8.37)	61.39
COE	3.03	(0.53)	0.00	(0.60)	0.00	0.00	7.75	(10.63)	26.82
IMTE	4.72	(0.77)	0.00	(0.69)	0.00	0.00	7.50	(7.77)	63.84
APCX	8.34	1.74	0.16	31.76	7.73	(15.51)	23.08	(12.50)	95.15
OBLG	5.26	(0.29)	0.00	(0.07)	0.00	0.00	10.66	(11.03)	37.07
FRGT	5.28	(1.45)	0.00	1.38	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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