Old Second Correlations
| OSBC Stock | USD 16.92 0.10 0.59% |
The current 90-days correlation between Old Second Bancorp and Peoples Bancorp is 0.79 (i.e., Poor diversification). The correlation of Old Second 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.
Old Second Correlation With Market
Very weak diversification
The correlation between Old Second Bancorp and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Second Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Old |
Moving together with Old Stock
| 0.65 | AX | Axos Financial | PairCorr |
| 0.84 | BY | Byline Bancorp | PairCorr |
| 0.72 | NU | Nu Holdings | PairCorr |
| 0.91 | PB | Prosperity Bancshares | PairCorr |
| 0.88 | RF | Regions Financial | PairCorr |
| 0.77 | VBNK | VersaBank | PairCorr |
| 0.65 | VBTX | Veritex Holdings | PairCorr |
| 0.84 | EBTC | Enterprise Bancorp | PairCorr |
| 0.85 | EFSC | Enterprise Financial | PairCorr |
| 0.66 | EGBN | Eagle Bancorp | PairCorr |
| 0.83 | WASH | Washington Trust Bancorp | PairCorr |
| 0.87 | EQBK | Equity Bancshares, | PairCorr |
| 0.84 | ESSA | ESSA Bancorp | PairCorr |
| 0.76 | TFINP | Triumph Financial | PairCorr |
| 0.8 | EVBN | Evans Bancorp | PairCorr |
| 0.9 | WMPN | William Penn Bancorp | PairCorr |
Moving against Old Stock
Related Correlations Analysis
| -0.43 | -0.59 | -0.67 | -0.43 | OVBC | ||
| -0.43 | 0.72 | 0.61 | 0.94 | PEBO | ||
| -0.59 | 0.72 | 0.74 | 0.75 | OCFC | ||
| -0.67 | 0.61 | 0.74 | 0.63 | QCRH | ||
| -0.43 | 0.94 | 0.75 | 0.63 | PGC | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Old Stock performing well and Old Second 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 Old Second'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OVBC | 1.64 | 0.18 | 0.09 | 0.57 | 2.28 | 4.01 | 9.00 | |||
| PEBO | 1.09 | (0.15) | 0.00 | (0.22) | 0.00 | 2.17 | 7.07 | |||
| OCFC | 1.25 | (0.11) | 0.00 | (0.17) | 0.00 | 2.41 | 6.54 | |||
| QCRH | 0.91 | (0.26) | 0.00 | (0.42) | 0.00 | 1.58 | 6.00 | |||
| PGC | 1.56 | (0.22) | 0.00 | (0.23) | 0.00 | 2.93 | 8.95 |
Old Second Corporate Management
| Michael Kozak | Executive Officer | Profile | |
| Andrew Crouch | Head VP | Profile | |
| Bob DiCosola | Ex HR | Profile | |
| Chris CTFA | Senior Advisor | Profile | |
| Steven Meves | Chief Group | Profile | |
| Chris Lasse | Senior Resources | Profile |