Opendoor Technologies Inc Common Stock (OPEN) Correlation Distribution
Across 6,808 rolling correlation observations between Opendoor Technologies Inc Common Stock (OPEN) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.331, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.4% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,808
- Mean correlation
- 0.331
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 39.4%
- Sector
- Real Estate Agents & Managers (For Others)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 98 | 1.4% | |
| -0.8 to -0.7 | 97 | 1.4% | |
| -0.7 to -0.6 | 303 | 4.5% | |
| -0.6 to -0.5 | 303 | 4.5% | |
| -0.5 to -0.4 | 280 | 4.1% | |
| -0.4 to -0.3 | 280 | 4.1% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 234 | 3.4% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 226 | 3.3% | |
| 0.2 to 0.3 | 226 | 3.3% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 422 | 6.2% | |
| 0.6 to 0.7 | 421 | 6.2% | |
| 0.7 to 0.8 | 944 | 13.9% | |
| 0.8 to 0.9 | 943 | 13.9% | |
| 0.9 to 1.0 | 798 | 11.7% |
Frequently asked questions
What is the average correlation of OPEN?
Opendoor Technologies Inc Common Stock (OPEN) has an average correlation of about 0.331 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is OPEN positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 39.4%.
What is the most common correlation range for OPEN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for OPEN.
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