OFA Group Class A Ordinary Shares (OFAL) — Stock Correlations & Overview
Over the past year, OFAL has moved most closely with RMCF, MVIS, INV. Explore the stocks most correlated and inversely correlated with OFAL below, along with its price, financials, and company profile.
Stocks correlated with OFAL
Correlation of daily returns. Higher positive values move with OFAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with OFAL
| Symbol | Company | Correlation |
|---|---|---|
| RMCF | Rocky Mountain Chocolate Factory, Inc. Common StockSUGAR & CONFECTIONERY PRODUCTS | 0.36 |
| MVIS | Microvision IncELECTRONIC COMPONENTS, NEC | 0.28 |
| INV | Innventure, Inc. Common StockBLANK CHECKS | 0.28 |
| BOXL | Boxlight Corporation Class A Common StockSERVICES-EDUCATIONAL SERVICES | 0.26 |
| MRX | Marex Group Limited Ordinary Shares | 0.24 |
Most inversely correlated with OFAL
| Symbol | Company | Correlation |
|---|---|---|
| NCMI | National CineMedia, Inc.SERVICES-ADVERTISING | -0.31 |
| DKS | Dick's Sporting Goods, Inc.RETAIL-MISCELLANEOUS SHOPPING GOODS STORES | -0.26 |
| PLAG | Planet Green Holdings Corp.CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | -0.25 |
| IMXI | International Money Express, Inc.SERVICES-BUSINESS SERVICES, NEC | -0.22 |
| SLXN | Silexion Therapeutics Corp Ordinary SharesBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.22 |
Frequently asked questions about OFAL correlations
- Which stocks are most correlated with OFAL?
- Based on one year of daily returns, the stocks most correlated with OFA Group Class A Ordinary Shares (OFAL) are RMCF (0.36), MVIS (0.28) and INV (0.28). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with OFAL?
- Over the past year, the stocks most inversely correlated with OFA Group Class A Ordinary Shares (OFAL) are NCMI (-0.31), DKS (-0.26) and PLAG (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these OFAL correlations calculated?
- We compute the correlation of daily returns between OFAL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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