OptimumBank Holdings, Inc. (OPHC) Correlation Distribution
Across 6,800 rolling correlation observations between OptimumBank Holdings, Inc. (OPHC) and other NASDAQ-listed stocks, 71.9% are positive and 28.1% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.188, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,800
- Mean correlation
- 0.188
- Most common range
- 0.3 to 0.4
- Positive pairs
- 71.9%
- Strong positive (≥0.7)
- 3.6%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 79 | 1.2% | |
| -0.6 to -0.5 | 78 | 1.1% | |
| -0.5 to -0.4 | 182 | 2.7% | |
| -0.4 to -0.3 | 182 | 2.7% | |
| -0.3 to -0.2 | 356 | 5.2% | |
| -0.2 to -0.1 | 356 | 5.2% | |
| -0.1 to 0.0 | 599 | 8.8% | |
| 0.0 to 0.1 | 598 | 8.8% | |
| 0.1 to 0.2 | 711 | 10.5% | |
| 0.2 to 0.3 | 711 | 10.5% | |
| 0.3 to 0.4 | 813 | 12.0% | |
| 0.4 to 0.5 | 812 | 11.9% | |
| 0.5 to 0.6 | 500 | 7.4% | |
| 0.6 to 0.7 | 499 | 7.3% | |
| 0.7 to 0.8 | 122 | 1.8% | |
| 0.8 to 0.9 | 121 | 1.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of OPHC?
OptimumBank Holdings, Inc. (OPHC) has an average correlation of about 0.188 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is OPHC positively correlated with other stocks?
Mostly yes — 71.9% of pairs are positive and 28.1% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for OPHC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 49% of all pairs.
Explore the full interactive correlation distribution for OPHC.
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