| ISTR Stock | | | USD 15.00 0.12 0.79% |
The current 90-days correlation between Investar Holding Corp and Old Point Financial is 0.07 (i.e., Significant diversification). The correlation of Investar Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Investar Holding Correlation With Market
Modest diversification
The correlation between Investar Holding Corp and NYA is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investar Holding Corp and NYA in the same portfolio, assuming nothing else is changed.
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Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Investar Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Moving together with Investar Stock
Moving against Investar Stock
Related Correlations Analysis
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Investar Holding Corporate Management