OP Bancorp Correlations

OP Bancorp Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OP 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. For more information on how to buy OPBK Stock please use our How to buy in OPBK Stock guide.

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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    RBB + 0.96 HOPE HOPE + 0.73 PCB BCML + 0.72 PCB PVBC + 0.71 BCML RBB + 0.68 PCB BCML + 0.54 HOPE

High negative correlations    PVBC - 0.23 RBB PVBC - 0.09 HOPE

Risk-Adjusted Indicators

There is a big difference between OPBK Stock performing well and OP Bancorp 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 OP Bancorp'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.