Which stocks are most correlated with OVLY?

Based on one year of daily returns, the stocks most correlated with Oak Valley Bancorp (OVLY) are PKBK (0.72), IBCP (0.71) and FXNC (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 OVLY?

Over the past year, the stocks most inversely correlated with Oak Valley Bancorp (OVLY) are SKRE (-0.66), SDD (-0.47) and FAZ (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Oak Valley Bancorp (OVLY) — Stock Correlations & Overview

Over the past year, OVLY has moved most closely with PKBK, IBCP, FXNC. Explore the stocks most correlated and inversely correlated with OVLY below, along with its price, financials, and company profile.

Stocks correlated with OVLY

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

Most correlated with OVLY

Symbol	Company	Correlation
PKBK	Parke Bancorp Inc.STATE COMMERCIAL BANKS	0.72
IBCP	Independent Bank Corp.STATE COMMERCIAL BANKS	0.71
FXNC	FIRST NATL CORP STRASBURG VASTATE COMMERCIAL BANKS	0.70
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.70
BHB	Bar Harbor BanksharesSTATE COMMERCIAL BANKS	0.69

Most inversely correlated with OVLY

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.66
SDD	ProShares UltraShort SmallCap600	-0.47
FAZ	Direxion Daily Financial Bear 3x ETF	-0.45
SBB	ProShares Short SmallCap600	-0.45
SKF	ProShares UltraShort Financials	-0.44

Frequently asked questions about OVLY correlations

Which stocks are most correlated with OVLY?: Based on one year of daily returns, the stocks most correlated with Oak Valley Bancorp (OVLY) are PKBK (0.72), IBCP (0.71) and FXNC (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 OVLY?: Over the past year, the stocks most inversely correlated with Oak Valley Bancorp (OVLY) are SKRE (-0.66), SDD (-0.47) and FAZ (-0.45). 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 OVLY correlations calculated?: We compute the correlation of daily returns between OVLY 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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