Oak Ridge Correlations

BKOR Stock

USD 21.00 0.10 0.47%

The current 90-days correlation between Oak Ridge Financial and Citizens Bancorp Investment is -0.02 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Oak Ridge Correlation With Market

Modest diversification

The correlation between Oak Ridge Financial and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oak Ridge Financial and DJI in the same portfolio, assuming nothing else is changed.

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.

Moving together with Oak Pink Sheet

0.66	ZTLLF	Zonetail	Pair Corr
0.7	NSFDF	NXT Energy Solutions Earnings Call This Week	Pair Corr
0.69	JNJ	Johnson Johnson	Pair Corr
0.63	IBM	International Business	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.76	GE	GE Aerospace	Pair Corr

Moving against Oak Pink Sheet

0.56	AA	Alcoa Corp	Pair Corr
0.53	MSFT	Microsoft	Pair Corr
0.44	MRK	Merck Company	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CBTN	FKYS	GVFF	MSWV	OCFCP	GLBZ	FDBC	CCFN	KFFB	MGYR
CBTN		-0.06	0.47	-0.7	0.81	-0.89	-0.64	0.43	0.56	0.23	CBTN
FKYS	-0.06		-0.02	0.09	0.05	0.11	0.38	0.16	-0.16	-0.05	FKYS
GVFF	0.47	-0.02		-0.34	0.35	-0.47	-0.17	0.27	0.18	0.16	GVFF
MSWV	-0.7	0.09	-0.34		-0.58	0.62	0.56	-0.23	-0.51	-0.04	MSWV
OCFCP	0.81	0.05	0.35	-0.58		-0.79	-0.56	0.2	0.28	0.22	OCFCP
GLBZ	-0.89	0.11	-0.47	0.62	-0.79		0.53	-0.42	-0.59	-0.29	GLBZ
FDBC	-0.64	0.38	-0.17	0.56	-0.56	0.53		-0.31	-0.3	0.06	FDBC
CCFN	0.43	0.16	0.27	-0.23	0.2	-0.42	-0.31		0.39	-0.17	CCFN
KFFB	0.56	-0.16	0.18	-0.51	0.28	-0.59	-0.3	0.39		0.19	KFFB
MGYR	0.23	-0.05	0.16	-0.04	0.22	-0.29	0.06	-0.17	0.19		MGYR
	CBTN	FKYS	GVFF	MSWV	OCFCP	GLBZ	FDBC	CCFN	KFFB	MGYR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

OCFCP	+ 0.81	CBTN
GLBZ	+ 0.62	MSWV
KFFB	+ 0.56	CBTN
FDBC	+ 0.56	MSWV
FDBC	+ 0.53	GLBZ
GVFF	+ 0.47	CBTN

High negative correlations

GLBZ	- 0.89	CBTN
GLBZ	- 0.79	OCFCP
MSWV	- 0.7	CBTN
FDBC	- 0.64	CBTN
KFFB	- 0.59	GLBZ
OCFCP	- 0.58	MSWV

Risk-Adjusted Indicators

There is a big difference between Oak Pink Sheet performing well and Oak Ridge 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 Oak Ridge'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
CBTN	0.73	0.21	0.00	1.39	0.00	0.00	3.33	(0.98)	10.23
FKYS	1.95	(0.08)	0.00	(0.39)	0.00	0.00	4.41	(5.77)	14.27
GVFF	0.59	(0.02)	0.00	(0.14)	0.00	0.00	0.84	(2.78)	11.81
MSWV	0.46	(0.04)	0.00	(0.25)	0.00	0.00	0.81	(1.11)	6.74
OCFCP	0.18	0.03	0.39	0.40	0.06	(0.22)	0.44	(0.32)	1.12
GLBZ	1.65	(0.17)	0.00	1.44	0.00	0.00	3.52	(3.40)	19.44
FDBC	1.98	(0.24)	0.00	(0.31)	0.00	0.00	3.27	(3.80)	12.12
CCFN	1.31	(0.05)	0.00	(0.29)	0.00	0.00	2.46	(3.70)	8.93
KFFB	2.29	0.20	0.06	0.19	2.82	(3.19)	6.43	(6.02)	19.70
MGYR	1.10	0.03	0.04	0.00	1.45	(1.35)	2.98	(2.68)	6.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oak Ridge 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.

Did you try this?

Run Sectors Now

Sectors

List of equity sectors categorizing publicly traded companies based on their primary business activities

All Next

Launch Module

Oak Ridge Corporate Management

Thomas CPA	CEO and President	Profile
Marissa Parrish	Chief VP	Profile
Jeffrey Finberg	Chief Lending	Profile
Brady Young	Chief VP	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC