Office Properties Income Trust Common Shares of Beneficial Interest (OPI) Correlation Distribution
Across 6,809 rolling correlation observations between Office Properties Income Trust Common Shares of Beneficial Interest (OPI) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.249, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.7% and strong negative correlations (≤−0.7) for 12%.
- Total observations
- 6,809
- Mean correlation
- 0.249
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 35.7%
- Sector
- Real Estate
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 142 | 2.1% | |
| -0.9 to -0.8 | 337 | 4.9% | |
| -0.8 to -0.7 | 337 | 4.9% | |
| -0.7 to -0.6 | 256 | 3.8% | |
| -0.6 to -0.5 | 256 | 3.8% | |
| -0.5 to -0.4 | 184 | 2.7% | |
| -0.4 to -0.3 | 184 | 2.7% | |
| -0.3 to -0.2 | 175 | 2.6% | |
| -0.2 to -0.1 | 175 | 2.6% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 258 | 3.8% | |
| 0.4 to 0.5 | 258 | 3.8% | |
| 0.5 to 0.6 | 512 | 7.5% | |
| 0.6 to 0.7 | 512 | 7.5% | |
| 0.7 to 0.8 | 1,057 | 15.5% | |
| 0.8 to 0.9 | 1,057 | 15.5% | |
| 0.9 to 1.0 | 317 | 4.7% |
Frequently asked questions
What is the average correlation of OPI?
Office Properties Income Trust Common Shares of Beneficial Interest (OPI) has an average correlation of about 0.249 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OPI positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 35.7%.
What is the most common correlation range for OPI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.8% of all pairs.
Explore the full interactive correlation distribution for OPI.
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