OP Old Correlations

OPDelisted Stock

USD 1.39 0.11 7.33%

The correlation of OP Old 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. If the correlation is 0, the equities are not correlated; they are entirely random.

OP Old Correlation With Market

Good diversification

The correlation between OP Old and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OP Old and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with OP Old Stock

0.63	FSBW	FS Bancorp Earnings Call This Week	Pair Corr
0.61	SITM	Sitime	Pair Corr

Moving against OP Old Stock

0.62	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.61	BKRKY	Bank Rakyat	Pair Corr
0.49	NOK	Nokia Corp ADR	Pair Corr
0.46	BKRKF	PT Bank Rakyat	Pair Corr
0.44	PTCHF	PureTech Health plc	Pair Corr
0.39	TRRGF	Transatlantic Mining Corp	Pair Corr
0.36	SOHOO	Sotherly Hotels Pref	Pair Corr
0.36	CNNA	Cann American Corp	Pair Corr
0.53	ASST	Strive Asset Management	Pair Corr
0.48	CNTRF	Centr Brands Corp	Pair Corr
0.36	ZHCLF	Zenith Capital Corp	Pair Corr

Related Correlations Analysis

	ICON	CDTG	FBGL	GLXG	AEHL	FGL	IVDA	HIHO	INTJ	SKK
ICON		0.73	-0.82	0.9	0.23	0.61	0.45	0.71	-0.14	0.62	ICON
CDTG	0.73		-0.69	0.76	0.11	0.43	0.44	0.46	-0.23	0.69	CDTG
FBGL	-0.82	-0.69		-0.87	-0.23	-0.78	-0.29	-0.39	0.3	-0.69	FBGL
GLXG	0.9	0.76	-0.87		0.33	0.79	0.43	0.54	-0.07	0.63	GLXG
AEHL	0.23	0.11	-0.23	0.33		0.4	0.64	0.0	0.25	0.13	AEHL
FGL	0.61	0.43	-0.78	0.79	0.4		0.23	0.24	0.06	0.44	FGL
IVDA	0.45	0.44	-0.29	0.43	0.64	0.23		0.27	-0.11	0.49	IVDA
HIHO	0.71	0.46	-0.39	0.54	0.0	0.24	0.27		0.03	0.38	HIHO
INTJ	-0.14	-0.23	0.3	-0.07	0.25	0.06	-0.11	0.03		-0.52	INTJ
SKK	0.62	0.69	-0.69	0.63	0.13	0.44	0.49	0.38	-0.52		SKK
	ICON	CDTG	FBGL	GLXG	AEHL	FGL	IVDA	HIHO	INTJ	SKK

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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

GLXG	+ 0.9	ICON
FGL	+ 0.79	GLXG
GLXG	+ 0.76	CDTG
CDTG	+ 0.73	ICON
HIHO	+ 0.71	ICON
SKK	+ 0.69	CDTG

High negative correlations

GLXG	- 0.87	FBGL
FBGL	- 0.82	ICON
FGL	- 0.78	FBGL
SKK	- 0.69	FBGL
FBGL	- 0.69	CDTG
SKK	- 0.52	INTJ

Risk-Adjusted Indicators

There is a big difference between OP Old Stock performing well and OP Old 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 OP Old'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
ICON	4.88	(2.13)	0.00	13.82	0.00	0.00	9.65	(14.29)	44.34
CDTG	5.68	(0.30)	0.00	(12.24)	0.00	0.00	14.71	(16.67)	48.33
FBGL	4.34	0.89	0.14	0.81	5.43	(5.16)	12.64	(7.53)	34.97
GLXG	4.20	(1.00)	0.00	(19.37)	0.00	0.00	6.88	(10.71)	30.20
AEHL	9.60	(0.08)	0.00	0.04	9.72	(13.83)	10.06	(17.77)	134.82
FGL	7.02	(1.04)	0.00	(1.10)	0.00	0.00	20.00	(13.73)	59.34
IVDA	6.03	(0.27)	0.00	(0.01)	0.00	0.00	14.78	(9.85)	50.60
HIHO	3.74	(0.57)	0.00	(0.21)	0.00	0.00	6.78	(10.64)	64.44
INTJ	3.40	(0.16)	0.00	3.29	0.00	0.00	7.41	(6.78)	25.67
SKK	3.10	(0.08)	0.00	0.40	0.00	0.00	6.45	(6.06)	16.80

Delisting Warning - OP

OP Old was delisted

The entity OP Old with a symbol OP was delisted from NASDAQ Exchange. Please try OceanPal with a symbol SVRN from now on. Check all delisted instruments accross multiple markets.

OP Old Corporate Management

Ioannis Zafirakis	Interim Pres	Profile
Margarita Veniou	Chief Secretary	Profile
Vasiliki Plousaki	Chief Officer	Profile
Eleftherios Papatrifon	CEO Director	Profile
David Schwed	Chief Officer	Profile

Still Interested in OP Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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