Oconee Financial Correlations

OSBK Stock

USD 49.00 2.05 4.37%

The current 90-days correlation between Oconee Financial and Community Capital Bancshares is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oconee Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oconee Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oconee Financial Correlation With Market

Poor diversification

The correlation between Oconee Financial and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oconee Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Oconee Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oconee Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oconee Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oconee Financial to buy it.

Moving together with Oconee OTC Stock

0.61	CIHHF	China Merchants Bank	Pair Corr
0.67	BBDC4	Banco Bradesco SA	Pair Corr
0.92	MFG	Mizuho Financial	Pair Corr
0.68	BBAS3	Banco do Brasil	Pair Corr
0.87	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.84	PNC	PNC Financial Services Sell-off Trend	Pair Corr
0.69	NNBR	NN Inc	Pair Corr
0.78	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.82	FRSB	First Resource Bank	Pair Corr
0.76	GRBK	Green Brick Partners	Pair Corr
0.72	LAND	Gladstone Land	Pair Corr
0.72	TOGOF	TomaGold	Pair Corr
0.66	GS	Goldman Sachs Group	Pair Corr
0.87	BNEFF	Bonterra Energy Corp	Pair Corr
0.74	MXCHY	Orbia Advance Corp	Pair Corr
0.85	JOE	St Joe Company	Pair Corr
0.81	PLSE	Pulse Biosciences	Pair Corr
0.84	MEEEF	Metal Energy Corp	Pair Corr
0.66	BBDO	Banco Bradesco SA	Pair Corr

Moving against Oconee OTC Stock

0.67	ROBOF	RoboGroup TEK	Pair Corr
0.67	EQC	Equity Commonwealth	Pair Corr
0.66	HDB	HDFC Bank Limited	Pair Corr
0.53	CDIV	Cascadia Investments	Pair Corr
0.5	CIHKY	China Merchants Bank	Pair Corr
0.47	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	ALBY	HCBN	WSSH	OAKV	WDFN	ANDC	LUMB	TMAK	EXCH	STBI
ALBY		-0.55	-0.69	-0.51	-0.57	-0.31	-0.13	-0.5	-0.68	-0.57	ALBY
HCBN	-0.55		0.7	0.62	0.8	0.38	0.51	0.57	0.56	0.82	HCBN
WSSH	-0.69	0.7		0.74	0.78	0.53	0.51	0.65	0.8	0.82	WSSH
OAKV	-0.51	0.62	0.74		0.6	0.24	0.29	0.58	0.77	0.71	OAKV
WDFN	-0.57	0.8	0.78	0.6		0.33	0.52	0.52	0.56	0.77	WDFN
ANDC	-0.31	0.38	0.53	0.24	0.33		0.29	0.51	0.28	0.46	ANDC
LUMB	-0.13	0.51	0.51	0.29	0.52	0.29		0.12	0.34	0.51	LUMB
TMAK	-0.5	0.57	0.65	0.58	0.52	0.51	0.12		0.66	0.77	TMAK
EXCH	-0.68	0.56	0.8	0.77	0.56	0.28	0.34	0.66		0.78	EXCH
STBI	-0.57	0.82	0.82	0.71	0.77	0.46	0.51	0.77	0.78		STBI
	ALBY	HCBN	WSSH	OAKV	WDFN	ANDC	LUMB	TMAK	EXCH	STBI

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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

STBI	+ 0.82	HCBN
STBI	+ 0.82	WSSH
WDFN	+ 0.8	HCBN
EXCH	+ 0.8	WSSH
WDFN	+ 0.78	WSSH
STBI	+ 0.78	EXCH

High negative correlations

WSSH	- 0.69	ALBY
EXCH	- 0.68	ALBY
STBI	- 0.57	ALBY
WDFN	- 0.57	ALBY
HCBN	- 0.55	ALBY
OAKV	- 0.51	ALBY

Risk-Adjusted Indicators

There is a big difference between Oconee OTC Stock performing well and Oconee Financial OTC Stock 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 Oconee 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
ALBY	0.28	(0.03)	0.00	0.32	0.00	0.00	0.86	(0.86)	4.47
HCBN	0.40	0.10	0.00	2.80	0.00	0.00	1.27	(0.16)	6.09
WSSH	0.55	0.22	0.00	2.47	0.00	0.00	1.86	(0.43)	6.26
OAKV	1.27	0.16	0.04	(0.35)	1.46	(1.75)	2.59	(2.52)	7.56
WDFN	1.01	0.23	0.08	0.86	1.08	(1.39)	3.70	(2.08)	9.03
ANDC	0.76	(0.01)	(0.02)	0.03	1.04	(2.53)	2.16	(2.63)	8.35
LUMB	0.39	0.06	0.00	0.24	0.00	0.00	0.00	0.00	11.37
TMAK	2.36	0.17	0.02	1.03	3.00	(5.06)	6.99	(7.23)	16.08
EXCH	0.50	0.24	0.00	3.04	0.00	0.00	0.00	0.00	17.10
STBI	0.77	0.18	0.09	(9.70)	0.69	(1.24)	2.19	(2.04)	4.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oconee Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Oconee Financial Corporate Management

Elected by the shareholders, the Oconee Financial's board of directors comprises two types of representatives: Oconee Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oconee. The board's role is to monitor Oconee Financial's management team and ensure that shareholders' interests are well served. Oconee Financial'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, Oconee Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

Thomas Wilson	Ex Officer	Profile
Cristi Donahue	Exec Officer	Profile
James CFA	CFO VP	Profile
Philip Bernardi	Ex Officer	Profile
Timothy Stevens	CEO Pres	Profile

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