Orange County Correlations

Stocks . USA . 
Stock . Orange County Bancorp
OBT Stock  USD 24.15  0.27  1.11%   
The current 90-days correlation between Orange County Bancorp and Southern States Bancshares is 0.35 (i.e., Weak diversification). The correlation of Orange County 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.

Orange County Correlation With Market

Modest diversification

The correlation between Orange County Bancorp 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 Orange County Bancorp 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 Orange County Bancorp. 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 Orange Stock

  0.93AX Axos FinancialPairCorr
  0.82BY Byline BancorpPairCorr
  0.61PB Prosperity BancsharesPairCorr
  0.76RF Regions FinancialPairCorr
  0.73VABK Virginia NationalPairCorr
  0.84VBNK VersaBankPairCorr
  0.92VBTX Veritex HoldingsPairCorr
  0.93EGBN Eagle BancorpPairCorr
  0.61WABC Westamerica BancorporationPairCorr
  0.88WAFD Washington FederalPairCorr
  0.76EQBK Equity Bancshares,PairCorr
  0.8WAFDP Washington FederalPairCorr
  0.63TFINP Triumph FinancialPairCorr
  0.86EVBN Evans BancorpPairCorr
  0.72WMPN William Penn BancorpPairCorr

Moving against Orange Stock

  0.85VBFC Village BankPairCorr
  0.84DB Deutsche Bank AGPairCorr
  0.73TECTP Tectonic FinancialPairCorr
  0.45TFC-PO Truist FinancialPairCorr
  0.45EBMT Eagle Bancorp MontanaPairCorr
  0.4TFC-PR Truist FinancialPairCorr
  0.35WF Woori Financial GroupPairCorr
  0.67WSBCP WesBancoPairCorr
  0.66KEY-PI KeyCorpPairCorr
  0.58BANC-PF Banc of CaliforniaPairCorr
  0.5KEY-PL KeyCorpPairCorr
  0.33CFG-PH Citizens Financial Group,PairCorr
  0.32KEY-PJ KeyCorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Orange Stock performing well and Orange County 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 Orange County'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.

Orange County Corporate Management

Michael ListnerSenior OfficerProfile
Robert PeacockSr CFOProfile
Michael LeslerController VPProfile
Michael CoulterExecutive ExecutiveProfile
Jacob RahimanSenior OfficerProfile
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