Op Bancorp Stock Market Value
| OPBK Stock | USD 17.44 0.08 0.46% |
| Symbol | OPBK |
OP Bancorp Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OP Bancorp. If investors know OPBK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OP Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.091 | Dividend Share 0.48 | Earnings Share 1.4 | Revenue Per Share 5.269 | Quarterly Revenue Growth 0.094 |
The market value of OP Bancorp is measured differently than its book value, which is the value of OPBK that is recorded on the company's balance sheet. Investors also form their own opinion of OP Bancorp's value that differs from its market value or its book value, called intrinsic value, which is OP Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OP Bancorp's market value can be influenced by many factors that don't directly affect OP Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OP Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OP Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OP Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
OP Bancorp '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 OP Bancorp's stock 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 OP Bancorp.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in OP Bancorp on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding OP Bancorp or generate 0.0% return on investment in OP Bancorp over 180 days. OP Bancorp is related to or competes with Fifth Third, Huntington Bancshares, and MT Bank. OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California More
OP Bancorp 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 OP Bancorp's stock 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 OP Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.1745 | |||
| Maximum Drawdown | 14.64 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 3.01 |
OP Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OP Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OP Bancorp's standard deviation. In reality, there are many statistical measures that can use OP Bancorp historical prices to predict the future OP Bancorp's volatility.| Risk Adjusted Performance | 0.1875 | |||
| Jensen Alpha | 0.2822 | |||
| Total Risk Alpha | 0.1584 | |||
| Sortino Ratio | 0.2783 | |||
| Treynor Ratio | 0.2899 |
OP Bancorp Backtested Returns
OP Bancorp appears to be not too volatile, given 3 months investment horizon. OP Bancorp retains Efficiency (Sharpe Ratio) of 0.26, which implies the firm had a 0.26% return per unit of price deviation over the last 3 months. By reviewing OP Bancorp's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate OP Bancorp's standard deviation of 2.06, and Market Risk Adjusted Performance of 0.2999 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, OP Bancorp holds a performance score of 20. The company owns a Beta (Systematic Risk) of 1.65, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, OP Bancorp will likely underperform. Please check OP Bancorp's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether OP Bancorp's current price history will revert.
Auto-correlation | 0.87 |
Very good predictability
OP Bancorp has very good predictability. Overlapping area represents the amount of predictability between OP Bancorp time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 OP Bancorp price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current OP Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2.85 |
OP Bancorp lagged returns against current returns
Autocorrelation, which is OP Bancorp stock'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 OP Bancorp's stock expected returns. We can calculate the autocorrelation of OP Bancorp returns to help us make a trade decision. For example, suppose you find that OP Bancorp has exhibited high autocorrelation historically, and you observe that the stock 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 |
OP Bancorp 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 OP Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OP Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OP Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
OP Bancorp Lagged Returns
When evaluating OP Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OP Bancorp stock have on its future price. OP Bancorp 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, OP Bancorp autocorrelation shows the relationship between OP Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in OP Bancorp.
Regressed Prices |
| Timeline |
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OP Bancorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.