Ohio Valley Banc Corp (OVBC) — Stock Correlations & Overview
Over the past year, OVBC has moved most closely with SFST, CBAN, ATLO. Explore the stocks most correlated and inversely correlated with OVBC below, along with its price, financials, and company profile.
Stocks correlated with OVBC
Correlation of daily returns. Higher positive values move with OVBC; negative values move opposite it. Informational only, not investment advice.
Most correlated with OVBC
| Symbol | Company | Correlation |
|---|---|---|
| SFST | Southern First Bancshares, Inc.NATIONAL COMMERCIAL BANKS | 0.50 |
| CBAN | Colony Bankcorp Inc.STATE COMMERCIAL BANKS | 0.50 |
| ATLO | AMES National CorpNATIONAL COMMERCIAL BANKS | 0.50 |
| AROW | Arrow Financial CorpNATIONAL COMMERCIAL BANKS | 0.49 |
| THFF | First Financial Corporation Common StockSTATE COMMERCIAL BANKS | 0.49 |
Most inversely correlated with OVBC
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.45 |
| SDD | ProShares UltraShort SmallCap600 | -0.29 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.28 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.28 |
| SBB | ProShares Short SmallCap600 | -0.27 |
Frequently asked questions about OVBC correlations
- Which stocks are most correlated with OVBC?
- Based on one year of daily returns, the stocks most correlated with Ohio Valley Banc Corp (OVBC) are SFST (0.50), CBAN (0.50) and ATLO (0.50). 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 OVBC?
- Over the past year, the stocks most inversely correlated with Ohio Valley Banc Corp (OVBC) are SKRE (-0.45), SDD (-0.29) and FAZ (-0.28). 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 OVBC correlations calculated?
- We compute the correlation of daily returns between OVBC 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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