BULL vs OVBC: Correlation
Webull Corporation - Class A (BULL) and Ohio Valley Banc Corp. (OVBC) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BULL and OVBC?
Across a 3-year window, the weekly returns of BULL and OVBC correlate at 0.36, moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.36). Stretching to 5 years gives 0.33, with an annualized covariance of 937.5 %².
By 3-year correlation, OVBC places #7 of the 16 assets tracked against BULL. Their recent paths diverged sharply: over the last 12 months OVBC outperformed by 61.5 percentage points (-33.7% for BULL against +27.8% for OVBC). Note the risk asymmetry: BULL runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BULL vs OVBC: side by side
| BULL (Webull Corporation - Class A) | OVBC (Ohio Valley Banc Corp.) | |
|---|---|---|
| 1-year return | -33.7% | +27.8% |
| 5-year return | n/a | +98.0% |
| Volatility (ann.) | 80.3% | 32.1% |
| Beta vs S&P 500 | 0.42 | 0.12 |
| Max drawdown (3Y) | -92.6% | -26.2% |
| Market cap | $5.1B | $0.2B |
| P/E (trailing) | 15.7 | 15.1 |
| Dividend yield | 0.00% | 2.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BULL | OVBC |
|---|---|---|
| 2022 | – | -7.8% |
| 2023 | +6.3% | -9.3% |
| 2024 | +7.4% | +9.3% |
| 2025 | -33.2% | +70.0% |
| 2026 | +23.2% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and OVBC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BULL and OVBC?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.06 over the last year and 0.33 over 5 years.
Is OVBC a good diversifier for BULL?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BULL correlations · OVBC correlations
