Use Old Point to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment
As returns on market increase, Old Point returns are expected to increase less than the market. However during bear market, the loss on holding Old Point will be expected to be smaller as well.
Louis Morris Executive VP, Secretary, Director, Member of Executive Committee, CEO of Old Point National Bank of Phoebus and President of Old Point National Bank of Phoebus and Director of Old Point National Bank of Phoebus
Robert Sr Executive Chairman, CEO and President Chairman of Executive Committee, Chairman of Old Point National Bank of Phoebus and Director of Trust Company
Melissa Burroughs Senior Vice President - Lending & Business Development
The median price of Old Point for the period between Mon, May 20, 2013 and Wed, Jun 19, 2013 is 13.05 with a coefficient of variation of 1.12. The daily time series for the period is distributed with a sample standard deviation of 0.15, arithmetic mean of 13.02, and mean deviation of 0.13. The Stock received substential amount of media coverage during this period.
Old Point Financial Corporation [OPOF] is traded on Nasdaq Capital Markets in USA. It is located in Hampton, VA and employs 301 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 63.52 M. Old Point Financial Corporation conducts business under Financial sector and is part of Regional - Mid-Atlantic Banks industry. This company has 4.96 M outstanding shares of which 4.55 K shares are now shorted by private and institutional investors with about 5.5 trading days to cover.
Old Point Financial Corporationration operates as the holding company for The Old Point National Bank of Phoebus that offer consumer, mortgage, and business banking services. more
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