Opera Limited American Depositary Shares (OPRA) Correlation Distribution
Across 6,809 rolling correlation observations between Opera Limited American Depositary Shares (OPRA) and other NASDAQ-listed stocks, 39.9% are positive and 60.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.044, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- -0.044
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.9%
- Strong positive (≥0.7)
- 6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 74 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 402 | 5.9% | |
| -0.6 to -0.5 | 402 | 5.9% | |
| -0.5 to -0.4 | 708 | 10.4% | |
| -0.4 to -0.3 | 707 | 10.4% | |
| -0.3 to -0.2 | 667 | 9.8% | |
| -0.2 to -0.1 | 666 | 9.8% | |
| -0.1 to 0.0 | 394 | 5.8% | |
| 0.0 to 0.1 | 393 | 5.8% | |
| 0.1 to 0.2 | 279 | 4.1% | |
| 0.2 to 0.3 | 279 | 4.1% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 297 | 4.4% | |
| 0.5 to 0.6 | 382 | 5.6% | |
| 0.6 to 0.7 | 381 | 5.6% | |
| 0.7 to 0.8 | 204 | 3.0% | |
| 0.8 to 0.9 | 203 | 3.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of OPRA?
Opera Limited American Depositary Shares (OPRA) has an average correlation of about -0.044 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OPRA positively correlated with other stocks?
Not predominantly — 39.9% of pairs are positive and 60.1% are negative. Strong positive correlations (≥0.7) make up 6%.
What is the most common correlation range for OPRA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 39.3% of all pairs.
Explore the full interactive correlation distribution for OPRA.
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