Old Point Correlations

OPOF Stock

USD 20.78 0.36 1.76%

The current 90-days correlation between Old Point Financial and First Community is 0.1 (i.e., Average diversification). 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

Average diversification

The correlation between Old Point Financial and DJI is 0.13 (i.e., Average 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.

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

Moving together with Old Stock

0.65	AX	Axos Financial	Pair Corr
0.64	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.66	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.79	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.82	VBNK	VersaBank Normal Trading	Pair Corr
0.76	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.77	TECTP	Tectonic Financial	Pair Corr
0.71	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.69	EBTC	Enterprise Bancorp	Pair Corr
0.76	ECBK	ECB Bancorp	Pair Corr
0.68	CFG-PH	Citizens Financial Group,	Pair Corr
0.69	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.84	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.67	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.78	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.67	WSBCP	WesBanco	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against Old Stock

0.67	TFC-PO	Truist Financial	Pair Corr
0.58	TFC-PR	Truist Financial	Pair Corr
0.52	TFC-PI	Truist Financial	Pair Corr
0.48	CFG-PE	Citizens Financial	Pair Corr
0.41	WF	Woori Financial Group	Pair Corr

Related Correlations Analysis

	FCCO	OVLY	CHMG	HBCP	CULL	HMNF	HFBL	HVBC	LSBK	OFED
FCCO		0.89	0.82	0.94	-0.41	0.51	0.07	0.29	0.53	-0.62	FCCO
OVLY	0.89		0.93	0.89	-0.46	0.51	0.09	0.51	0.53	-0.52	OVLY
CHMG	0.82	0.93		0.82	-0.5	0.58	0.1	0.63	0.57	-0.52	CHMG
HBCP	0.94	0.89	0.82		-0.34	0.51	0.13	0.31	0.54	-0.65	HBCP
CULL	-0.41	-0.46	-0.5	-0.34		-0.5	0.08	-0.54	-0.4	0.36	CULL
HMNF	0.51	0.51	0.58	0.51	-0.5		-0.02	0.4	0.3	-0.34	HMNF
HFBL	0.07	0.09	0.1	0.13	0.08	-0.02		-0.01	0.18	-0.09	HFBL
HVBC	0.29	0.51	0.63	0.31	-0.54	0.4	-0.01		0.43	-0.25	HVBC
LSBK	0.53	0.53	0.57	0.54	-0.4	0.3	0.18	0.43		-0.77	LSBK
OFED	-0.62	-0.52	-0.52	-0.65	0.36	-0.34	-0.09	-0.25	-0.77		OFED
	FCCO	OVLY	CHMG	HBCP	CULL	HMNF	HFBL	HVBC	LSBK	OFED

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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

HBCP	+ 0.94	FCCO
CHMG	+ 0.93	OVLY
OVLY	+ 0.89	FCCO
HBCP	+ 0.89	OVLY
CHMG	+ 0.82	FCCO
HBCP	+ 0.82	CHMG

High negative correlations

OFED	- 0.77	LSBK
OFED	- 0.65	HBCP
OFED	- 0.62	FCCO
HVBC	- 0.54	CULL
OFED	- 0.52	CHMG
OFED	- 0.52	OVLY

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
FCCO	1.35	0.14	0.10	0.20	1.14	(1.62)	4.19	(2.28)	11.05
OVLY	1.70	0.11	0.10	0.14	1.48	(2.19)	5.14	(2.77)	11.90
CHMG	0.77	0.07	0.08	0.14	0.63	(0.94)	2.29	(1.09)	9.94
HBCP	1.65	0.10	0.09	0.14	1.74	(1.97)	3.76	(3.12)	12.98
CULL	0.51	(0.10)	0.00	0.72	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.44	0.13	(0.79)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.79	0.04	0.01	0.15	2.39	(3.22)	3.82	(4.31)	21.70
HVBC	1.51	0.37	0.09	(0.95)	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.13	0.08	0.01	0.30	1.24	(1.55)	3.69	(2.95)	8.55
OFED	2.13	(0.28)	0.00	(0.60)	0.00	0.00	3.48	(5.28)	12.66

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	Chief CFO	Profile
Paul Pickett	Senior CFO	Profile
Elizabeth Beale	Interim CFO	Profile

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