OLB Correlations
| OLB Stock | USD 1.25 0.08 6.02% |
The correlation of OLB 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.
OLB Correlation With Market
Modest diversification
The correlation between OLB Group and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OLB Group and DJI in the same portfolio, assuming nothing else is changed.
OLB |
Moving together with OLB Stock
| 0.75 | NN | Nextnav Acquisition Corp Buyout Trend | PairCorr |
| 0.84 | DVLT | Datavault AI Symbol Change | PairCorr |
| 0.63 | VRNS | Varonis Systems | PairCorr |
| 0.63 | VRNT | Verint Systems Earnings Call This Week | PairCorr |
| 0.66 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.61 | FLYW | Flywire Corp | PairCorr |
| 0.65 | FMTO | Femto Technologies Symbol Change | PairCorr |
| 0.77 | RPD | Rapid7 Inc | PairCorr |
Moving against OLB Stock
| 0.81 | VRSN | VeriSign | PairCorr |
| 0.75 | JG | Aurora Mobile Tech Boost | PairCorr |
| 0.71 | DOX | Amdocs | PairCorr |
| 0.6 | BB | BlackBerry | PairCorr |
| 0.59 | DOCN | DigitalOcean Holdings | PairCorr |
| 0.57 | HCP | Hashicorp | PairCorr |
| 0.46 | ZS | Zscaler | PairCorr |
| 0.42 | BOX | Box Inc | PairCorr |
| 0.81 | SWI | SolarWinds Corp | PairCorr |
| 0.76 | XNET | Xunlei Ltd Adr | PairCorr |
| 0.61 | FTNT | Fortinet | PairCorr |
| 0.6 | NET | Cloudflare | PairCorr |
| 0.59 | ZUO | Zuora Inc | PairCorr |
| 0.58 | GRRR | Gorilla Technology | PairCorr |
| 0.58 | HPAI | Helport AI Limited | PairCorr |
| 0.52 | VHC | VirnetX Holding Corp | PairCorr |
| 0.51 | PGY | Pagaya Technologies Tech Boost | PairCorr |
| 0.47 | APCXW | AppTech Payments Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between OLB Stock performing well and OLB 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 OLB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DPSIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ROWKF | 0.70 | 0.25 | 0.00 | (1.05) | 0.00 | 0.00 | 17.50 | |||
| FMEGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OONEF | 11.54 | 2.50 | 0.20 | (1.33) | 11.78 | 34.48 | 97.45 | |||
| LSPKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOFO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUEN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SBIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FDBL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |