Old Point Correlations
| OPOF Stock | USD 41.22 0.24 0.59% |
The current 90-days correlation between Old Point Financial and National Bankshares is 0.4 (i.e., Very weak diversification). The correlation of Old Point 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 Point Correlation With Market
Modest diversification
The correlation between Old Point Financial and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Point Financial and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Old Stock
Moving against Old Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Old Stock performing well and Old Point 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 Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NKSH | 1.43 | 0.12 | 0.07 | 0.25 | 1.44 | 3.91 | 8.86 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFBL | 1.51 | 0.00 | (0.05) | 0.10 | 1.80 | 3.12 | 11.15 | |||
| OVBC | 1.80 | (0.24) | 0.00 | (0.30) | 0.00 | 4.23 | 11.06 | |||
| PEBK | 1.57 | 0.28 | 0.04 | (0.38) | 1.88 | 3.93 | 13.37 | |||
| NWFL | 1.42 | (0.08) | (0.03) | 0.06 | 1.66 | 3.83 | 9.01 | |||
| ORRF | 1.07 | 0.25 | 0.22 | 0.38 | 0.71 | 2.66 | 7.59 |
Old Point Corporate Executives
Elected by the shareholders, the Old Point's board of directors comprises two types of representatives: Old Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Old. The board's role is to monitor Old Point's management team and ensure that shareholders' interests are well served. Old Point's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Old Point's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cathy CAP | Senior CFO | Profile | |
| Paul Pickett | Senior CFO | Profile | |
| Elizabeth Beale | Interim CFO | Profile |