Which stocks are most correlated with OFLX?

Based on one year of daily returns, the stocks most correlated with Omega Flex, Inc. (OFLX) are SMDV (0.58), SMLV (0.58) and DGRS (0.57). 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 OFLX?

Over the past year, the stocks most inversely correlated with Omega Flex, Inc. (OFLX) are SBB (-0.50), SDD (-0.49) and SKRE (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.

Omega Flex, Inc. (OFLX) — Stock Correlations & Overview

Over the past year, OFLX has moved most closely with SMDV, SMLV, DGRS. Explore the stocks most correlated and inversely correlated with OFLX below, along with its price, financials, and company profile.

Stocks correlated with OFLX

Correlation of daily returns. Higher positive values move with OFLX; negative values move opposite it. Informational only, not investment advice.

Most correlated with OFLX

Symbol	Company	Correlation
SMDV	ProShares Russell 2000 Dividend Growers ETF	0.58
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.58
DGRS	WisdomTree Trust WisdomTree U.S. SmallCap Quality Dividend Growth Fund	0.57
EBIT	Harbor Small Cap Earners ETF	0.56
DES	WisdomTree U.S. SmallCap Dividend Fund	0.56

Most inversely correlated with OFLX

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.50
SDD	ProShares UltraShort SmallCap600	-0.49
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.46
SIJ	ProShares UltraShort Industrials	-0.45
MYY	ProShares Short MidCap400	-0.44

Frequently asked questions about OFLX correlations

Which stocks are most correlated with OFLX?: Based on one year of daily returns, the stocks most correlated with Omega Flex, Inc. (OFLX) are SMDV (0.58), SMLV (0.58) and DGRS (0.57). 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 OFLX?: Over the past year, the stocks most inversely correlated with Omega Flex, Inc. (OFLX) are SBB (-0.50), SDD (-0.49) and SKRE (-0.46). 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 OFLX correlations calculated?: We compute the correlation of daily returns between OFLX 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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