Ottawa Savings Correlations
| OTTWDelisted Stock | USD 12.85 0.00 0.00% |
The current 90-days correlation between Ottawa Savings Bancorp and Lake Shore Bancorp is 0.09 (i.e., Significant diversification). The correlation of Ottawa Savings 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.
Ottawa Savings Correlation With Market
Average diversification
The correlation between Ottawa Savings Bancorp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ottawa Savings Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Ottawa |
The ability to find closely correlated positions to Ottawa Savings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ottawa Savings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ottawa Savings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ottawa Savings Bancorp to buy it.
Moving against Ottawa OTC Stock
| 0.47 | TECTP | Tectonic Financial | PairCorr |
| 0.45 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.43 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.4 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.38 | AX | Axos Financial | PairCorr |
| 0.38 | VBFC | Village Bank | PairCorr |
| 0.36 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.33 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.32 | EBTC | Enterprise Bancorp | PairCorr |
| 0.31 | VBTX | Veritex Holdings Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | FDBC | Fidelity DD Bancorp | PairCorr |
| 0.48 | WTBA | West Bancorporation Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.42 | WSBC | WesBanco Fiscal Year End 28th of January 2025 | PairCorr |
| 0.38 | EWBC | East West Bancorp Fiscal Year End 28th of January 2025 | PairCorr |
| 0.38 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.36 | WMPN | William Penn Bancorp | PairCorr |
| 0.34 | FCCO | First Community Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.33 | EVBN | Evans Bancorp | PairCorr |
| 0.32 | WTFC | Wintrust Financial Fiscal Year End 15th of January 2025 | PairCorr |
| 0.31 | WSBCP | WesBanco | PairCorr |
Related Correlations Analysis
| 0.34 | -0.02 | -0.36 | -0.33 | LSBK | ||
| 0.34 | -0.31 | 0.1 | -0.74 | IROQ | ||
| -0.02 | -0.31 | -0.35 | -0.05 | BCTF | ||
| -0.36 | 0.1 | -0.35 | -0.05 | HFBL | ||
| -0.33 | -0.74 | -0.05 | -0.05 | OFED | ||
| 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 Ottawa OTC Stock performing well and Ottawa Savings OTC Stock 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 Ottawa Savings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LSBK | 1.29 | 0.11 | 0.03 | (0.13) | 1.62 | 3.69 | 11.07 | |||
| IROQ | 1.49 | 0.32 | 0.11 | (1.91) | 1.89 | 3.63 | 13.04 | |||
| BCTF | 0.59 | (0.07) | 0.00 | 0.45 | 0.00 | 1.13 | 6.09 | |||
| HFBL | 1.65 | 0.04 | 0.01 | 0.41 | 2.47 | 4.70 | 17.43 | |||
| OFED | 2.13 | (0.25) | 0.00 | (0.84) | 0.00 | 3.48 | 12.66 |
Ottawa Savings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ottawa Savings otc stock to make a market-neutral strategy. Peer analysis of Ottawa Savings could also be used in its relative valuation, which is a method of valuing Ottawa Savings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ottawa Savings Corporate Executives
Elected by the shareholders, the Ottawa Savings' board of directors comprises two types of representatives: Ottawa Savings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ottawa. The board's role is to monitor Ottawa Savings' management team and ensure that shareholders' interests are well served. Ottawa Savings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ottawa Savings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marc Kingry | CFO, CFO of Ottawa Savings Bank and CFO of Ottawa Savings Bancorp Mhc | Profile |
Still Interested in Ottawa Savings Bancorp?
Investing in delisted otcs can be risky, as the otc 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.