OPA (OPA) Correlation Distribution
Across 6,253 rolling correlation observations between OPA (OPA) and other NASDAQ-listed stocks, 25.7% are positive and 74.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.273, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.3% and strong negative correlations (≤−0.7) for 17.5%.
- Total observations
- 6,253
- Mean correlation
- -0.273
- Most common range
- -0.7 to -0.6
- Positive pairs
- 25.7%
- Strong positive (≥0.7)
- 9.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 536 | 8.6% | |
| -0.8 to -0.7 | 536 | 8.6% | |
| -0.7 to -0.6 | 1,019 | 16.3% | |
| -0.6 to -0.5 | 1,018 | 16.3% | |
| -0.5 to -0.4 | 442 | 7.1% | |
| -0.4 to -0.3 | 441 | 7.1% | |
| -0.3 to -0.2 | 232 | 3.7% | |
| -0.2 to -0.1 | 232 | 3.7% | |
| -0.1 to 0.0 | 168 | 2.7% | |
| 0.0 to 0.1 | 168 | 2.7% | |
| 0.1 to 0.2 | 129 | 2.1% | |
| 0.2 to 0.3 | 128 | 2.0% | |
| 0.3 to 0.4 | 151 | 2.4% | |
| 0.4 to 0.5 | 150 | 2.4% | |
| 0.5 to 0.6 | 148 | 2.4% | |
| 0.6 to 0.7 | 147 | 2.4% | |
| 0.7 to 0.8 | 197 | 3.2% | |
| 0.8 to 0.9 | 197 | 3.2% | |
| 0.9 to 1.0 | 190 | 3.0% |
Frequently asked questions
What is the average correlation of OPA?
OPA (OPA) has an average correlation of about -0.273 with other NASDAQ stocks, based on 6,253 pairwise observations.
Is OPA positively correlated with other stocks?
Not predominantly — 25.7% of pairs are positive and 74.3% are negative. Strong positive correlations (≥0.7) make up 9.3%.
What is the most common correlation range for OPA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 16.9% of all pairs.
Explore the full interactive correlation distribution for OPA.
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