Which stocks are most correlated with OBT?

Based on one year of daily returns, the stocks most correlated with Orange County Bancorp, Inc. Common Stock (OBT) are QABA (0.77), HBT (0.76) and FBIZ (0.75). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with OBT?

Over the past year, the stocks most inversely correlated with Orange County Bancorp, Inc. Common Stock (OBT) are SKRE (-0.73), SDD (-0.51) and SBB (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Orange County Bancorp, Inc. Common Stock (OBT) — Stock Correlations & Overview

Over the past year, OBT has moved most closely with QABA, HBT, FBIZ. Explore the stocks most correlated and inversely correlated with OBT below, along with its price, financials, and company profile.

Stocks correlated with OBT

Correlation of daily returns. Higher positive values move with OBT; negative values move opposite it. Informational only, not investment advice.

Most correlated with OBT

Symbol	Company	Correlation
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.77
HBT	HBT Financial, Inc. Common StockSTATE COMMERCIAL BANKS	0.76
FBIZ	First Business Financial Services, Inc.STATE COMMERCIAL BANKS	0.75
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.74
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.74

Most inversely correlated with OBT

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.73
SDD	ProShares UltraShort SmallCap600	-0.51
SBB	ProShares Short SmallCap600	-0.51
FAZ	Direxion Daily Financial Bear 3x ETF	-0.45
SMDD	ProShares UltraPro Short MidCap400	-0.45

Frequently asked questions about OBT correlations

Which stocks are most correlated with OBT?: Based on one year of daily returns, the stocks most correlated with Orange County Bancorp, Inc. Common Stock (OBT) are QABA (0.77), HBT (0.76) and FBIZ (0.75). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with OBT?: Over the past year, the stocks most inversely correlated with Orange County Bancorp, Inc. Common Stock (OBT) are SKRE (-0.73), SDD (-0.51) and SBB (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these OBT correlations calculated?: We compute the correlation of daily returns between OBT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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