Old Second Correlations

OSBC Stock

USD 18.71 0.20 1.08%

The current 90-days correlation between Old Second Bancorp and Peoples Bancorp is 0.82 (i.e., Very poor diversification). The correlation of Old Second 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 Second Correlation With Market

Poor diversification

The correlation between Old Second Bancorp and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Second Bancorp 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 Second Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Old Stock

0.92	AX	Axos Financial	Pair Corr
0.92	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.9	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.76	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.71	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.72	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.75	EBTC	Enterprise Bancorp	Pair Corr
0.91	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.71	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.91	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.69	WAFD	Washington Federal	Pair Corr
0.82	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.71	BANC-PF	Banc of California	Pair Corr
0.79	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.75	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr

Moving against Old Stock

0.61	CFG-PE	Citizens Financial	Pair Corr
0.54	TFC-PR	Truist Financial	Pair Corr
0.49	TFC-PO	Truist Financial	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.56	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	OVBC	PEBO	OCFC	QCRH	PGC
OVBC		0.64	0.6	0.59	0.54	OVBC
PEBO	0.64		0.92	0.96	0.89	PEBO
OCFC	0.6	0.92		0.94	0.9	OCFC
QCRH	0.59	0.96	0.94		0.96	QCRH
PGC	0.54	0.89	0.9	0.96		PGC
	OVBC	PEBO	OCFC	QCRH	PGC

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Risk-Adjusted Indicators

There is a big difference between Old Stock performing well and Old Second 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 Second'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
OVBC	1.46	0.21	0.11	0.44	1.15	(1.86)	3.91	(2.67)	9.52
PEBO	1.61	0.02	0.10	0.13	1.52	(1.94)	3.83	(2.72)	17.61
OCFC	1.75	0.05	0.14	0.14	1.69	(2.13)	4.29	(3.69)	21.47
QCRH	1.47	0.13	0.17	0.18	1.13	(1.65)	3.56	(2.69)	16.24
PGC	2.06	0.26	0.19	0.24	1.79	(2.52)	5.93	(3.32)	17.97

Old Second Corporate Management

Michael Kozak	Executive Officer	Profile
Andrew Crouch	Head VP	Profile
Bob DiCosola	Ex HR	Profile
Chris CTFA	Senior Advisor	Profile
Steven Meves	Chief Group	Profile
Chris Lasse	Senior Resources	Profile

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