Old Point Correlations
| OPOFDelisted Stock | USD 42.10 1.39 3.41% |
The correlation of Old Point 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.
Old Point Correlation With Market
Poor diversification
The correlation between Old Point Financial and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Point Financial and DJI in the same portfolio, assuming nothing else is changed.
Old |
Moving together with Old Stock
| 0.7 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.72 | SLSR | Solaris Resources | PairCorr |
| 0.63 | TATT | Tat Techno | PairCorr |
| 0.68 | GS | Goldman Sachs Group | PairCorr |
| 0.65 | BFS | Saul Centers | PairCorr |
| 0.72 | FRSB | First Resource Bank | PairCorr |
| 0.62 | FRFFF | Fairfax Financial | PairCorr |
| 0.67 | AES | AES Aggressive Push | PairCorr |
Moving against Old Stock
| 0.75 | PBCRY | Bank Central Asia | PairCorr |
| 0.52 | PBCRF | PT Bank Central | PairCorr |
| 0.46 | TOPCF | Topcon | PairCorr |
| 0.44 | AFIIQ | Armstrong Flooring | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Old Stock performing well and Old Point 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 Old Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CALB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ESSA | 341.66 | 177.54 | 4.95 | (5.68) | 21.18 | 2,913 | 3,176 | |||
| EVBN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PWOD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVLY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFNW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVCY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LMST | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SAL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FLIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Old Point Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Old Point stock to make a market-neutral strategy. Peer analysis of Old Point could also be used in its relative valuation, which is a method of valuing Old Point by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Old Point Corporate Executives
Elected by the shareholders, the Old Point's board of directors comprises two types of representatives: Old Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Old. The board's role is to monitor Old Point's management team and ensure that shareholders' interests are well served. Old Point'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, Old Point's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cathy CAP | Senior CFO | Profile | |
| Paul Pickett | Senior CFO | Profile | |
| Elizabeth Beale | Interim CFO | Profile |
Still Interested in Old Point Financial?
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