Orrstown Financial Correlations

ORRF Stock

USD 36.34 0.27 0.74%

The current 90-days correlation between Orrstown Financial and LINKBANCORP is 0.6 (i.e., Poor diversification). The correlation of Orrstown Financial 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.

Orrstown Financial Correlation With Market

Average diversification

The correlation between Orrstown Financial Services and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orrstown Financial Services 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 Orrstown Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Orrstown Stock

0.86	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp	Pair Corr
0.71	PB	Prosperity Bancshares	Pair Corr
0.83	RF	Regions Financial	Pair Corr
0.68	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.94	VABK	Virginia National	Pair Corr
0.87	VBNK	VersaBank Normal Trading	Pair Corr
0.85	VBTX	Veritex Holdings	Pair Corr
0.68	TFC-PI	Truist Financial	Pair Corr
0.84	EBMT	Eagle Bancorp Montana	Pair Corr
0.64	ECBK	ECB Bancorp	Pair Corr
0.62	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.95	EGBN	Eagle Bancorp	Pair Corr
0.8	KEY-PJ	KeyCorp	Pair Corr
0.84	KEY-PK	KeyCorp	Pair Corr
0.94	WABC	Westamerica Bancorporation	Pair Corr
0.92	WAFD	Washington Federal	Pair Corr
0.94	WASH	Washington Trust Bancorp	Pair Corr
0.91	EQBK	Equity Bancshares,	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against Orrstown Stock

0.46	DB	Deutsche Bank AG	Pair Corr
0.42	TECTP	Tectonic Financial	Pair Corr
0.4	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	HFBL	LNKB	RBKB	LSBK	CWBC	OVLY	HMNF	FCCO	FFNW
HFBL		-0.13	0.23	0.03	-0.48	-0.54	0.37	-0.18	-0.64	HFBL
LNKB	-0.13		0.52	0.27	0.63	0.61	0.22	0.56	-0.07	LNKB
RBKB	0.23	0.52		0.45	0.38	0.16	0.43	0.63	-0.38	RBKB
LSBK	0.03	0.27	0.45		0.16	0.0	0.27	0.33	-0.18	LSBK
CWBC	-0.48	0.63	0.38	0.16		0.85	-0.19	0.73	0.51	CWBC
OVLY	-0.54	0.61	0.16	0.0	0.85		-0.38	0.51	0.62	OVLY
HMNF	0.37	0.22	0.43	0.27	-0.19	-0.38		0.24	-0.62	HMNF
FCCO	-0.18	0.56	0.63	0.33	0.73	0.51	0.24		0.23	FCCO
FFNW	-0.64	-0.07	-0.38	-0.18	0.51	0.62	-0.62	0.23		FFNW
	HFBL	LNKB	RBKB	LSBK	CWBC	OVLY	HMNF	FCCO	FFNW

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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

OVLY	+ 0.85	CWBC
FCCO	+ 0.73	CWBC
CWBC	+ 0.63	LNKB
FCCO	+ 0.63	RBKB
FFNW	+ 0.62	OVLY
OVLY	+ 0.61	LNKB

High negative correlations

FFNW	- 0.64	HFBL
FFNW	- 0.62	HMNF
OVLY	- 0.54	HFBL
CWBC	- 0.48	HFBL
HMNF	- 0.38	OVLY
FFNW	- 0.38	RBKB

Risk-Adjusted Indicators

There is a big difference between Orrstown Stock performing well and Orrstown Financial 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 Orrstown Financial'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
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
LNKB	1.61	0.13	0.05	0.28	1.72	(1.76)	3.44	(2.98)	10.93
RBKB	0.64	0.17	0.11	(16.32)	0.45	(0.78)	1.72	(1.09)	3.70
LSBK	1.53	0.35	0.09	11.05	1.50	(2.44)	3.66	(3.49)	10.32
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
OVLY	1.60	(0.09)	0.00	(0.04)	0.00	0.00	4.00	(3.81)	14.90
HMNF	1.88	0.44	0.13	(0.82)	1.85	(2.37)	4.29	(3.19)	13.15
FCCO	1.21	0.16	0.07	0.41	1.35	(1.34)	3.05	(2.18)	10.09
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32

Orrstown Financial Corporate Management

Matthew Dyckman	Executive Counsel	Profile
Robert Russoli	Senior Officer	Profile
Heather Knisely	Chief Officer	Profile
Sean CPA	Senior Officer	Profile

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