OCN Old Correlations

Summary

OCNDelisted Stock

USD 34.94 0.82 2.40%

The current 90-days correlation between OCN Old and Home Point Capital is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OCN Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OCN Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

OCN Old Correlation With Market

Good diversification

The correlation between OCN Old and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OCN Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with OCN Stock

0.63

DIS

Walt Disney

Pair Corr

Moving against OCN Stock

0.63	PPERF	Bank Mandiri Persero	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.61	PBCRY	Bank Central Asia	Pair Corr
0.59	BKRKY	Bank Rakyat	Pair Corr
0.58	PTAIF	PT Astra International	Pair Corr
0.55	BKRKF	PT Bank Rakyat	Pair Corr
0.54	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.54	HPQ	HP Inc	Pair Corr
0.5	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.48	PTAIY	Astra International Tbk	Pair Corr
0.43	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.39	GE	GE Aerospace Sell-off Trend	Pair Corr
0.37	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.33	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	HMPT	CNF	SNFCA	ECPG	GHLD	COOP	PFSI	VEL
HMPT		-0.78	0.67	0.65	-0.86	0.36	-0.55	0.4	HMPT
CNF	-0.78		-0.77	-0.67	0.87	-0.41	0.45	-0.5	CNF
SNFCA	0.67	-0.77		0.71	-0.83	0.49	-0.05	0.73	SNFCA
ECPG	0.65	-0.67	0.71		-0.73	0.72	0.01	0.71	ECPG
GHLD	-0.86	0.87	-0.83	-0.73		-0.34	0.41	-0.58	GHLD
COOP	0.36	-0.41	0.49	0.72	-0.34		0.3	0.58	COOP
PFSI	-0.55	0.45	-0.05	0.01	0.41	0.3		0.31	PFSI
VEL	0.4	-0.5	0.73	0.71	-0.58	0.58	0.31		VEL
	HMPT	CNF	SNFCA	ECPG	GHLD	COOP	PFSI	VEL

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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

GHLD	+ 0.87	CNF
VEL	+ 0.73	SNFCA
COOP	+ 0.72	ECPG
ECPG	+ 0.71	SNFCA
VEL	+ 0.71	ECPG
SNFCA	+ 0.67	HMPT

High negative correlations

GHLD	- 0.86	HMPT
GHLD	- 0.83	SNFCA
CNF	- 0.78	HMPT
SNFCA	- 0.77	CNF
GHLD	- 0.73	ECPG
ECPG	- 0.67	CNF

Risk-Adjusted Indicators

There is a big difference between OCN Stock performing well and OCN Old 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 OCN Old'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
HMPT	1.32	0.33	0.14	(0.91)	1.31	(2.40)	4.55	(2.60)	19.28
CNF	4.74	(1.08)	0.00	4.64	0.00	0.00	8.82	(12.06)	30.24
SNFCA	1.26	0.43	0.25	5.22	1.03	(1.53)	2.17	(2.06)	15.09
ECPG	1.23	0.08	0.04	0.23	1.42	(1.29)	2.48	(2.10)	7.90
GHLD	1.29	(0.17)	0.00	(1.72)	0.00	0.00	3.57	(2.96)	8.74
COOP	1.30	0.04	0.02	0.06	1.62	(1.40)	2.38	(3.46)	8.79
PFSI	1.17	(0.17)	0.00	(0.27)	0.00	0.00	1.79	(3.39)	6.28
VEL	0.72	(0.05)	0.00	0.90	0.00	0.00	1.37	(2.03)	6.22

Delisting Warning - OCN

OCN Old was delisted

The entity OCN Old with a symbol OCN was delisted from NASDAQ Exchange. Please try Onity Group with a symbol ONIT from now on. Check all delisted instruments accross multiple markets.

Still Interested in OCN Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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