Ohio Valley Correlations

OVBC Stock

USD 23.85 0.15 0.63%

The current 90-days correlation between Ohio Valley Banc and Cullman Bancorp is 0.16 (i.e., Average 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

Average diversification

The correlation between Ohio Valley Banc and DJI is 0.1 (i.e., Average 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

0.78	AX	Axos Financial	Pair Corr
0.78	BY	Byline Bancorp	Pair Corr
0.63	PB	Prosperity Bancshares	Pair Corr
0.72	RF	Regions Financial	Pair Corr
0.7	VABK	Virginia National	Pair Corr
0.72	VBNK	VersaBank Normal Trading	Pair Corr
0.84	VBTX	Veritex Holdings	Pair Corr
0.75	EBMT	Eagle Bancorp Montana	Pair Corr
0.63	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.82	EGBN	Eagle Bancorp	Pair Corr
0.77	WABC	Westamerica Bancorporation	Pair Corr
0.74	WAFD	Washington Federal	Pair Corr
0.78	EQBK	Equity Bancshares,	Pair Corr
0.68	WMPN	William Penn Bancorp	Pair Corr
0.68	WNEB	Western New England	Pair Corr

Moving against Ohio Stock

0.47	DB	Deutsche Bank AG	Pair Corr
0.43	KEY-PI	KeyCorp	Pair Corr
0.32	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	CWBC	MGYR	OVLY
CULL		-0.5	-0.19	-0.54	-0.45	0.36	0.39	-0.06	-0.43	0.11	CULL
HMNF	-0.5		0.37	0.4	0.27	-0.34	-0.62	-0.19	0.41	-0.38	HMNF
HFBL	-0.19	0.37		0.12	0.03	-0.59	-0.51	-0.48	0.43	-0.54	HFBL
HVBC	-0.54	0.4	0.12		0.32	-0.25	-0.33	0.33	0.39	0.04	HVBC
LSBK	-0.45	0.27	0.03	0.32		-0.16	-0.12	0.16	0.31	0.0	LSBK
OFED	0.36	-0.34	-0.59	-0.25	-0.16		0.72	0.14	-0.9	0.29	OFED
CIZN	0.39	-0.62	-0.51	-0.33	-0.12	0.72		0.18	-0.73	0.38	CIZN
CWBC	-0.06	-0.19	-0.48	0.33	0.16	0.14	0.18		0.14	0.85	CWBC
MGYR	-0.43	0.41	0.43	0.39	0.31	-0.9	-0.73	0.14		-0.04	MGYR
OVLY	0.11	-0.38	-0.54	0.04	0.0	0.29	0.38	0.85	-0.04		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	+ 0.85	CWBC
CIZN	+ 0.72	OFED
MGYR	+ 0.43	HFBL
MGYR	+ 0.41	HMNF
HVBC	+ 0.4	HMNF
CIZN	+ 0.39	CULL

High negative correlations

MGYR	- 0.9	OFED
MGYR	- 0.73	CIZN
CIZN	- 0.62	HMNF
OFED	- 0.59	HFBL
OVLY	- 0.54	HFBL
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	(0.10)	0.00	0.50	0.00	0.00	1.18	(1.64)	4.73
HMNF	1.88	0.44	0.13	(0.82)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
HVBC	1.51	0.34	0.09	43.04	2.03	(1.59)	2.68	(4.11)	18.63
LSBK	1.53	0.35	0.09	11.05	1.50	(2.44)	3.66	(3.49)	10.32
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66
CIZN	0.88	(0.07)	0.00	0.64	0.00	0.00	3.00	(2.14)	6.16
CWBC	1.08	0.05	(0.02)	0.51	1.27	(1.16)	2.53	(1.95)	11.26
MGYR	1.18	0.26	0.11	(10.04)	1.06	(1.58)	2.98	(2.52)	10.51
OVLY	1.60	(0.09)	0.00	(0.04)	0.00	0.00	4.00	(3.81)	14.90

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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