OB Old Correlations

Summary

OBDelisted Stock

USD 2.74 0.11 3.86%

The current 90-days correlation between OB Old and Finnair Oyj is 0.13 (i.e., Average diversification). The correlation of OB Old 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.

OB Old Correlation With Market

Good diversification

The correlation between OB Old and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OB Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 labor statistics.

Moving against OB Old Stock

0.87	WOSGF	Watches of Switzerland	Pair Corr
0.86	ULS	UL Solutions	Pair Corr
0.79	XLEFF	XXL Energy Corp	Pair Corr
0.78	CNTA	Centessa Pharmaceuticals	Pair Corr
0.72	29280EAA7	US29280EAA73	Pair Corr
0.71	CPPKF	Copperbank Resources Corp	Pair Corr
0.64	FJTSY	Fujitsu Ltd ADR	Pair Corr
0.63	HYMTF	Hyundai Motor	Pair Corr
0.63	CSCCF	Capstone Copper Corp	Pair Corr
0.62	ZGN	Ermenegildo Zegna	Pair Corr
0.57	INTG	Intergroup	Pair Corr
0.53	KB	KB Financial Group	Pair Corr
0.51	AME	Ametek Inc	Pair Corr
0.5	BRK-A	Berkshire Hathaway	Pair Corr
0.46	GRPFF	Grupo Televisa SAB	Pair Corr
0.45	BRK-B	Berkshire Hathaway Sell-off Trend	Pair Corr
0.35	CWLPF	Caldwell Partners	Pair Corr
0.35	BESIY	BE Semiconductor Ind	Pair Corr
0.34	APLD	Applied Digital Aggressive Push	Pair Corr
0.32	SWZNF	Schweizerische Nationalbank	Pair Corr
0.82	AMFC	AMB Financial Corp	Pair Corr
0.81	DNKEY	Danske Bank AS	Pair Corr
0.79	ATI	Allegheny Technologies	Pair Corr
0.78	VRTX	Vertex Pharmaceuticals	Pair Corr
0.77	CLLFF	Collins Foods Limited	Pair Corr
0.77	AIP	Arteris Tech Boost	Pair Corr
0.69	ASMLF	ASML Holding NV	Pair Corr
0.68	BGPBF	BTS Group AB	Pair Corr
0.66	CLS	Celestica	Pair Corr
0.65	BKRKF	PT Bank Rakyat	Pair Corr
0.61	WALD	Waldencast Acquisition Earnings Call This Week	Pair Corr
0.61	SZKMF	Suzuki Motor	Pair Corr

Related Correlations Analysis

	MFGCF	NIPMY	AIQUF	NHMD	AUDYF	FNNNF	SIGRF	MTYFF
MFGCF		0.56	-0.44	0.0	0.0	-0.2	0.52	-0.12	MFGCF
NIPMY	0.56		-0.59	0.0	0.0	-0.4	0.2	0.17	NIPMY
AIQUF	-0.44	-0.59		0.0	0.0	0.76	-0.56	0.43	AIQUF
NHMD	0.0	0.0	0.0		-1.0	0.0	0.0	0.0	NHMD
AUDYF	0.0	0.0	0.0	-1.0		0.0	0.0	0.0	AUDYF
FNNNF	-0.2	-0.4	0.76	0.0	0.0		-0.39	0.5	FNNNF
SIGRF	0.52	0.2	-0.56	0.0	0.0	-0.39		-0.49	SIGRF
MTYFF	-0.12	0.17	0.43	0.0	0.0	0.5	-0.49		MTYFF
	MFGCF	NIPMY	AIQUF	NHMD	AUDYF	FNNNF	SIGRF	MTYFF

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

FNNNF	+ 0.76	AIQUF
NIPMY	+ 0.56	MFGCF
SIGRF	+ 0.52	MFGCF
MTYFF	+ 0.5	FNNNF
MTYFF	+ 0.43	AIQUF
SIGRF	+ 0.2	NIPMY

High negative correlations

AUDYF	- 1.0	NHMD
AIQUF	- 0.59	NIPMY
SIGRF	- 0.56	AIQUF
MTYFF	- 0.49	SIGRF
AIQUF	- 0.44	MFGCF
FNNNF	- 0.4	NIPMY

Risk-Adjusted Indicators

There is a big difference between OB Old Stock performing well and OB Old 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 OB Old'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
MFGCF	3.18	0.52	0.13	1.34	3.01	(4.31)	6.96	(4.40)	19.11
NIPMY	0.79	0.33	0.00	0.47	0.00	0.00	0.00	0.00	26.47
AIQUF	0.94	(0.10)	0.00	(0.45)	0.00	0.00	1.87	(2.41)	4.84
NHMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUDYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNNNF	0.54	(0.18)	0.00	(0.79)	0.00	0.00	0.00	0.00	13.01
SIGRF	0.12	0.05	0.00	7.00	0.00	0.00	0.00	0.00	3.99
MTYFF	1.62	(0.03)	(0.01)	0.03	3.21	(1.71)	2.61	(3.90)	20.72

Delisting Warning - OB

OB Old was delisted

The entity OB Old with a symbol OB was delisted from NASDAQ Exchange. Please try Teads BV with a symbol TEAD from now on. Check all delisted instruments accross multiple markets.

OB Old Corporate Management

FranoisXavier Praut	Managing France	Profile
Jason CPA	Chief Officer	Profile
Paul Knegten	Chief Officer	Profile
Yonatan Maman	Chief Officer	Profile
Wenkai Bradshaw	Principal Officer	Profile
Daphna Michaeli	Chief Officer	Profile

Still Interested in OB Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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