Oak Ridge Financial Stock Market Value
| BKOR Stock | USD 20.25 0.05 0.25% |
| Symbol | Oak |
Oak Ridge 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Oak Ridge's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Oak Ridge.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Oak Ridge on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Oak Ridge Financial or generate 0.0% return on investment in Oak Ridge over 480 days. Oak Ridge is related to or competes with Citizens Bancorp, First Keystone, Greenville Federal, Main Street, OceanFirst Financial, Glen Burnie, and Fidelity. Oak Ridge Financial Services, Inc. operates as a bank holding company for Bank of Oak Ridge that provides various bankin... More
Oak Ridge Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Oak Ridge's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Oak Ridge Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.0357 | |||
| Maximum Drawdown | 6.16 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 2.37 |
Oak Ridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oak Ridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oak Ridge's standard deviation. In reality, there are many statistical measures that can use Oak Ridge historical prices to predict the future Oak Ridge's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 0.1472 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0266 | |||
| Treynor Ratio | 1.25 |
Oak Ridge Financial Backtested Returns
Oak Ridge appears to be very steady, given 3 months investment horizon. Oak Ridge Financial maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Oak Ridge Financial, which you can use to evaluate the volatility of the company. Please evaluate Oak Ridge's Risk Adjusted Performance of 0.116, semi deviation of 1.0, and Coefficient Of Variation of 681.75 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Oak Ridge holds a performance score of 17. The company holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oak Ridge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oak Ridge is expected to be smaller as well. Please check Oak Ridge's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Oak Ridge's historical price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Oak Ridge Financial has very good predictability. Overlapping area represents the amount of predictability between Oak Ridge time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oak Ridge Financial price movement. The serial correlation of 0.8 indicates that around 80.0% of current Oak Ridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Oak Ridge Financial lagged returns against current returns
Autocorrelation, which is Oak Ridge pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Oak Ridge's pink sheet expected returns. We can calculate the autocorrelation of Oak Ridge returns to help us make a trade decision. For example, suppose you find that Oak Ridge has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Oak Ridge regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Oak Ridge pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oak Ridge pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oak Ridge pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Oak Ridge Lagged Returns
When evaluating Oak Ridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oak Ridge pink sheet have on its future price. Oak Ridge autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Oak Ridge autocorrelation shows the relationship between Oak Ridge pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Oak Ridge Financial.
Regressed Prices |
| Timeline |
Pair Trading with Oak Ridge
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oak Ridge position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oak Ridge will appreciate offsetting losses from the drop in the long position's value.Moving against Oak Pink Sheet
| 0.81 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.81 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.75 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.73 | QLGN | Qualigen Therapeutics Trending | PairCorr |
| 0.73 | SGD | Safe and Green | PairCorr |
The ability to find closely correlated positions to Oak Ridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oak Ridge 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 Oak Ridge - 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 Oak Ridge Financial to buy it.
The correlation of Oak Ridge 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oak Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oak Ridge Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oak Ridge can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Oak Pink Sheet Analysis
When running Oak Ridge's price analysis, check to measure Oak Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oak Ridge is operating at the current time. Most of Oak Ridge's value examination focuses on studying past and present price action to predict the probability of Oak Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oak Ridge's price. Additionally, you may evaluate how the addition of Oak Ridge to your portfolios can decrease your overall portfolio volatility.