Ohio Valley Correlations

OVBC Stock

USD 27.00 0.36 1.32%

The current 90-days correlation between Ohio Valley Banc and Cullman Bancorp is 0.04 (i.e., Significant diversification). The correlation of Ohio Valley 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.

Ohio Valley Correlation With Market

Modest diversification

The correlation between Ohio Valley Banc and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ohio Valley Banc 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 Ohio Valley Banc. 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 Ohio Stock

0.74	AX	Axos Financial	Pair Corr
0.74	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.74	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.72	RF	Regions Financial Sell-off Trend	Pair Corr
0.62	EBTC	Enterprise Bancorp	Pair Corr
0.7	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.66	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.62	BANC-PF	Banc of California	Pair Corr
0.64	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Ohio Stock

0.53	CFG-PE	Citizens Financial	Pair Corr
0.47	TFC-PO	Truist Financial	Pair Corr
0.47	TFC-PR	Truist Financial	Pair Corr
0.51	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	CWBC	MGYR	OVLY
CULL		-0.5	0.12	-0.54	-0.3	0.36	0.39	-0.3	-0.61	-0.42	CULL
HMNF	-0.5		-0.14	0.4	0.3	-0.34	-0.62	0.39	0.54	0.55	HMNF
HFBL	0.12	-0.14		0.03	0.19	-0.18	-0.07	-0.04	0.08	0.09	HFBL
HVBC	-0.54	0.4	0.03		0.35	-0.25	-0.33	0.29	0.7	0.48	HVBC
LSBK	-0.3	0.3	0.19	0.35		-0.72	-0.49	-0.1	0.45	0.53	LSBK
OFED	0.36	-0.34	-0.18	-0.25	-0.72		0.72	0.15	-0.41	-0.59	OFED
CIZN	0.39	-0.62	-0.07	-0.33	-0.49	0.72		-0.07	-0.48	-0.57	CIZN
CWBC	-0.3	0.39	-0.04	0.29	-0.1	0.15	-0.07		0.65	0.63	CWBC
MGYR	-0.61	0.54	0.08	0.7	0.45	-0.41	-0.48	0.65		0.79	MGYR
OVLY	-0.42	0.55	0.09	0.48	0.53	-0.59	-0.57	0.63	0.79		OVLY
	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	CWBC	MGYR	OVLY

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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	+ 0.79	MGYR
CIZN	+ 0.72	OFED
MGYR	+ 0.7	HVBC
MGYR	+ 0.65	CWBC
OVLY	+ 0.63	CWBC
OVLY	+ 0.55	HMNF

High negative correlations

OFED	- 0.72	LSBK
CIZN	- 0.62	HMNF
MGYR	- 0.61	CULL
OVLY	- 0.59	OFED
OVLY	- 0.57	CIZN
HVBC	- 0.54	CULL

Risk-Adjusted Indicators

There is a big difference between Ohio Stock performing well and Ohio Valley 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 Ohio Valley'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
CULL	0.51	(0.13)	0.00	(1.82)	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.38	0.12	3.54	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.17)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
HVBC	1.51	0.33	0.08	5.99	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.20	0.06	(0.01)	0.33	1.38	(1.62)	3.69	(3.23)	8.64
OFED	2.13	(0.21)	0.00	0.83	0.00	0.00	3.48	(5.28)	12.66
CIZN	0.88	(0.09)	0.00	(0.82)	0.00	0.00	3.00	(2.14)	6.16
CWBC	1.03	(0.01)	0.01	0.11	1.12	(1.11)	2.53	(2.16)	9.14
MGYR	0.65	0.14	0.05	1.05	0.47	(0.78)	1.85	(1.22)	3.88
OVLY	1.68	0.02	0.06	0.13	1.53	(2.14)	4.78	(2.77)	11.90

Ohio Valley Corporate Management

Cindy Johnston	Assistant Sec	Profile
Bryan Martin	VP	Profile
Frank Davison	VP	Profile
Ryan Jones	Chief Officer	Profile
Melissa Wooten	Shareholder VP	Profile

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