Oak Valley Correlations

OVLY Stock

USD 24.14 0.19 0.78%

The correlation of Oak Valley 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.

Oak Valley Correlation With Market

Modest diversification

The correlation between Oak Valley Bancorp 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 Oak Valley Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oak Valley 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 economic analysis.

Moving together with Oak Stock

0.68	AX	Axos Financial	Pair Corr
0.71	BY	Byline Bancorp	Pair Corr
0.66	VABK	Virginia National	Pair Corr
0.68	VBNK	VersaBank	Pair Corr
0.77	VBTX	Veritex Holdings	Pair Corr
0.7	EGBN	Eagle Bancorp	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.64	WAFDP	Washington Federal	Pair Corr
0.75	EVBN	Evans Bancorp	Pair Corr
0.61	WMPN	William Penn Bancorp	Pair Corr

Moving against Oak Stock

0.68	DB	Deutsche Bank AG	Pair Corr
0.65	VBFC	Village Bank	Pair Corr
0.58	TECTP	Tectonic Financial	Pair Corr
0.49	TFC-PO	Truist Financial	Pair Corr
0.48	TFC-PR	Truist Financial	Pair Corr
0.39	CFG-PE	Citizens Financial	Pair Corr
0.63	WSBCP	WesBanco	Pair Corr
0.62	KEY-PI	KeyCorp	Pair Corr
0.5	BANC-PF	Banc of California	Pair Corr
0.44	KEY-PL	KeyCorp	Pair Corr
0.35	CFG-PH	Citizens Financial Group,	Pair Corr

Related Correlations Analysis

	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	CWBC	MGYR	FFNW
CULL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CULL
HMNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0	0.0		0.0	0.56	0.0	0.0	-0.25	0.27	-0.24	HFBL
HVBC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HVBC
LSBK	0.0	0.0	0.56	0.0		0.0	0.0	-0.3	0.3	0.08	LSBK
OFED	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OFED
CIZN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CIZN
CWBC	0.0	0.0	-0.25	0.0	-0.3	0.0	0.0		0.2	0.22	CWBC
MGYR	0.0	0.0	0.27	0.0	0.3	0.0	0.0	0.2		0.1	MGYR
FFNW	0.0	0.0	-0.24	0.0	0.08	0.0	0.0	0.22	0.1		FFNW
	CULL	HMNF	HFBL	HVBC	LSBK	OFED	CIZN	CWBC	MGYR	FFNW

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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

LSBK	+ 0.56	HFBL
MGYR	+ 0.3	LSBK
MGYR	+ 0.27	HFBL
FFNW	+ 0.22	CWBC
MGYR	+ 0.2	CWBC
FFNW	+ 0.1	MGYR

High negative correlations

CWBC	- 0.3	LSBK
CWBC	- 0.25	HFBL
FFNW	- 0.24	HFBL
FFNW	- 0.0	CIZN
MGYR	- 0.0	CIZN
CWBC	- 0.0	CIZN

Risk-Adjusted Indicators

There is a big difference between Oak Stock performing well and Oak Valley 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 Oak Valley'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
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.63	0.33	0.16	0.63	1.61	(2.29)	3.62	(3.16)	21.68
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CIZN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
MGYR	1.10	0.03	0.04	0.00	1.45	(1.35)	2.98	(2.68)	6.74
FFNW	0.98	0.05	0.10	(4.29)	1.01	(1.14)	1.17	(1.77)	16.29

Oak Valley Corporate Management

Michael Rodrigues	Chief Credit Officer, Executive VP, Chief Credit Officer of Oak Valley Community Bank and Executive VP of Oak Valley Community Bank	Profile
Bill Nunes	Senior Marketing	Profile
Jeff Hushaw	Senior Banking	Profile
Melissa Fuller	VP HR	Profile
Russell Stahl	Executive Officer	Profile
Gary Stephens	Executive Group	Profile
Janis Powers	Ex Management	Profile

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