OFG BANCORP (OFG) — Stock Correlations & Overview
Over the past year, OFG has moved most closely with FBP, BPOP, CATY. Explore the stocks most correlated and inversely correlated with OFG below, along with its price, financials, and company profile.
Stocks correlated with OFG
Correlation of daily returns. Higher positive values move with OFG; negative values move opposite it. Informational only, not investment advice.
Most correlated with OFG
| Symbol | Company | Correlation |
|---|---|---|
| FBP | First BanCorp.STATE COMMERCIAL BANKS | 0.74 |
| BPOP | Popular IncSTATE COMMERCIAL BANKS | 0.71 |
| CATY | Cathay General BancorpSTATE COMMERCIAL BANKS | 0.70 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.69 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.69 |
Most inversely correlated with OFG
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.69 |
| SDD | ProShares UltraShort SmallCap600 | -0.47 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.47 |
| SBB | ProShares Short SmallCap600 | -0.46 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.42 |
Frequently asked questions about OFG correlations
- Which stocks are most correlated with OFG?
- Based on one year of daily returns, the stocks most correlated with OFG BANCORP (OFG) are FBP (0.74), BPOP (0.71) and CATY (0.70). 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 OFG?
- Over the past year, the stocks most inversely correlated with OFG BANCORP (OFG) are SKRE (-0.69), SDD (-0.47) and BNKD (-0.47). 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 OFG correlations calculated?
- We compute the correlation of daily returns between OFG 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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