Bank Ozk Correlations

Preferred Stocks . USA . 
Preferred Stock . Bank Ozk Preferred
OZKAP Preferred Stock  USD 17.16  0.03  0.17%   
The current 90-days correlation between Bank Ozk Preferred and Texas Capital Bancshares is 0.07 (i.e., Significant diversification). The correlation of Bank Ozk 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.

Bank Ozk Correlation With Market

Average diversification

The correlation between Bank Ozk Preferred and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank Ozk Preferred and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bank Ozk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Ozk 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 Bank Ozk - 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 Bank Ozk Preferred to buy it.

Moving together with Bank Preferred Stock

  0.62AX Axos Financial Earnings Call This WeekPairCorr
  0.69BY Byline Bancorp Earnings Call This WeekPairCorr
  0.7NU Nu HoldingsPairCorr
  0.66PB Prosperity Bancshares Earnings Call TomorrowPairCorr
  0.65VBTX Veritex HoldingsPairCorr
  0.63TFC-PO Truist FinancialPairCorr
  0.8TFC-PR Truist FinancialPairCorr
  0.83CFG-PE Citizens FinancialPairCorr
  0.77CFG-PH Citizens Financial Group,PairCorr
  0.69EFSC Enterprise FinancialPairCorr
  0.83KEY-PI KeyCorp Earnings Call TodayPairCorr
  0.87KEY-PJ KeyCorp Earnings Call TodayPairCorr
  0.71KEY-PK KeyCorp Earnings Call TodayPairCorr
  0.72WABC Westamerica BancorporationPairCorr
  0.61WAFD Washington FederalPairCorr
  0.7WASH Washington Trust BancorpPairCorr
  0.62EQBK Equity Bancshares,PairCorr
  0.72WAFDP Washington FederalPairCorr
  0.76ESSA ESSA Bancorp Earnings Call TomorrowPairCorr
  0.71WNEB Western New England Earnings Call TodayPairCorr

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   
CFG-PE
+ 0.9
RF-PE
CFG-PE
+ 0.87
HBANP
HBANP
+ 0.81
RF-PE
TCBIO
+ 0.79
RF-PE
WAFDP
+ 0.72
HBANP
CFG-PE
+ 0.69
TCBIO
  
High negative correlations   
WAFDP
- 0.15
TCBIO

Risk-Adjusted Indicators

There is a big difference between Bank Preferred Stock performing well and Bank Ozk 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 Bank Ozk'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank Ozk without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Bank Ozk Corporate Management

Patrick CarrManaging TechnologyProfile
Helen JDGen SecProfile
George IIChairman CEOProfile
Tim CPAChief OfficerProfile
Cynthia WolfeChief OfficerProfile
Scott TrapaniChief OfficerProfile
Paschall HamblenPresidentProfile
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