Offerpad Solutions Inc. (OPAD) Correlation Distribution
Across 6,804 rolling correlation observations between Offerpad Solutions Inc. (OPAD) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.342, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.7% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,804
- Mean correlation
- 0.342
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 39.7%
- Sector
- Real Estate Agents & Managers (For Others)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 72 | 1.1% | |
| -0.8 to -0.7 | 71 | 1.0% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 297 | 4.4% | |
| -0.4 to -0.3 | 296 | 4.4% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 287 | 4.2% | |
| 0.4 to 0.5 | 286 | 4.2% | |
| 0.5 to 0.6 | 438 | 6.4% | |
| 0.6 to 0.7 | 438 | 6.4% | |
| 0.7 to 0.8 | 993 | 14.6% | |
| 0.8 to 0.9 | 993 | 14.6% | |
| 0.9 to 1.0 | 718 | 10.6% |
Frequently asked questions
What is the average correlation of OPAD?
Offerpad Solutions Inc. (OPAD) has an average correlation of about 0.342 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is OPAD positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 39.7%.
What is the most common correlation range for OPAD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for OPAD.
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