Oconee Federal Correlations

OFED Stock

USD 16.00 0.02 0.12%

The current 90-days correlation between Oconee Federal Financial and Security Federal is 0.28 (i.e., Modest diversification). The correlation of Oconee Federal 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.

Oconee Federal Correlation With Market

Good diversification

The correlation between Oconee Federal Financial and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oconee Federal Financial and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Oconee Federal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oconee Federal 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 Oconee Federal - 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 Oconee Federal Financial to buy it.

Moving together with Oconee OTC Stock

0.61	BKLRF	Berkeley Energy	Pair Corr
0.77	IBM	International Business	Pair Corr
0.89	GE	GE Aerospace	Pair Corr
0.75	WMT	Walmart	Pair Corr
0.86	AA	Alcoa Corp Buyout Trend	Pair Corr
0.95	INTC	Intel Aggressive Push	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.94	JNJ	Johnson Johnson	Pair Corr

Moving against Oconee OTC Stock

0.8	DIS	Walt Disney Sell-off Trend	Pair Corr
0.62	LNDNF	Lundin Energy AB	Pair Corr
0.57	T	ATT Inc	Pair Corr
0.55	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.33	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	SFDL	BCTF	FMBM	BKSC	CYVF	CMRB	JFBC	PFBX	BLHK	JDVB
SFDL		0.43	0.38	0.03	0.52	0.19	0.02	0.56	-0.18	0.22	SFDL
BCTF	0.43		0.89	0.6	0.89	0.53	0.57	0.61	0.3	0.71	BCTF
FMBM	0.38	0.89		0.71	0.96	0.62	0.59	0.69	0.46	0.82	FMBM
BKSC	0.03	0.6	0.71		0.57	0.65	0.5	0.35	0.53	0.62	BKSC
CYVF	0.52	0.89	0.96	0.57		0.58	0.53	0.75	0.39	0.8	CYVF
CMRB	0.19	0.53	0.62	0.65	0.58		0.28	0.42	0.3	0.66	CMRB
JFBC	0.02	0.57	0.59	0.5	0.53	0.28		0.35	0.59	0.72	JFBC
PFBX	0.56	0.61	0.69	0.35	0.75	0.42	0.35		0.08	0.55	PFBX
BLHK	-0.18	0.3	0.46	0.53	0.39	0.3	0.59	0.08		0.63	BLHK
JDVB	0.22	0.71	0.82	0.62	0.8	0.66	0.72	0.55	0.63		JDVB
	SFDL	BCTF	FMBM	BKSC	CYVF	CMRB	JFBC	PFBX	BLHK	JDVB

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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

CYVF	+ 0.96	FMBM
FMBM	+ 0.89	BCTF
CYVF	+ 0.89	BCTF
JDVB	+ 0.82	FMBM
JDVB	+ 0.8	CYVF
PFBX	+ 0.75	CYVF

High negative correlations

BLHK

- 0.18

SFDL

Risk-Adjusted Indicators

There is a big difference between Oconee OTC Stock performing well and Oconee Federal 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 Oconee Federal'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
SFDL	0.13	0.00	0.00	0.09	0.00	0.00	0.36	(0.32)	4.78
BCTF	1.04	0.16	0.04	(0.30)	1.51	(1.37)	3.17	(2.81)	12.63
FMBM	0.76	0.32	0.50	1.11	0.00	(1.34)	2.29	(0.62)	8.30
BKSC	0.78	0.16	0.08	(0.35)	0.85	(1.00)	1.82	(1.63)	8.33
CYVF	0.32	0.13	0.00	2.01	0.00	0.00	1.39	(0.26)	4.31
CMRB	0.79	0.06	0.00	(0.77)	1.19	(1.38)	2.21	(2.02)	9.51
JFBC	1.61	0.10	0.04	0.21	1.69	(2.10)	4.48	(3.11)	10.90
PFBX	0.22	(0.01)	(0.03)	(0.03)	0.63	(0.62)	0.50	(0.25)	8.48
BLHK	0.67	0.21	0.13	1.37	0.33	(1.61)	1.81	(0.96)	6.67
JDVB	0.23	0.04	0.00	0.25	0.14	(0.61)	1.15	(0.38)	3.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Oconee Federal 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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