OP Bancorp Correlations
| OPBK Stock | USD 13.87 0.28 2.06% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OP Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OP Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
OP Bancorp Correlation With Market
Very weak diversification
The correlation between OP Bancorp and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OP Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with OPBK Stock
Related Correlations Analysis
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCB | 1.33 | 0.38 | 0.14 | (1.33) | 1.17 | 3.13 | 8.15 | |||
| HOPE | 1.39 | 0.21 | 0.15 | 0.32 | 1.24 | 3.14 | 8.00 | |||
| RBB | 1.54 | 0.11 | 0.09 | 0.21 | 1.58 | 3.54 | 9.54 | |||
| BCML | 1.22 | 0.03 | 0.00 | 0.18 | 1.20 | 2.52 | 5.90 | |||
| PVBC | 0.81 | 0.18 | 0.11 | 0.46 | 0.90 | 1.91 | 5.77 |