Obra High Grade Structured Products ETF (OGSP) — Stock Correlations & Overview
Over the past year, OGSP has moved most closely with OPER, FLDR, FLDB. Explore the stocks most correlated and inversely correlated with OGSP below, along with its price, financials, and company profile.
Stocks correlated with OGSP
Correlation of daily returns. Higher positive values move with OGSP; negative values move opposite it. Informational only, not investment advice.
Most correlated with OGSP
| Symbol | Company | Correlation |
|---|---|---|
| OPER | ClearShares Ultra-Short Maturity ETF | 0.76 |
| FLDR | Fidelity Low Duration Bond Factor ETF | 0.68 |
| FLDB | Fidelity Low Duration Bond ETF | 0.63 |
| TUSI | Touchstone Ultra Short Income ETF | 0.61 |
| BUXX | Strive Enhanced Income Short Maturity ETF | 0.60 |
Most inversely correlated with OGSP
| Symbol | Company | Correlation |
|---|---|---|
| GCTS.WS | GCT Semiconductor Holding, Inc. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50SEMICONDUCTORS & RELATED DEVICES | -0.21 |
| HFRO | Highland Opportunities and Income Fund | -0.21 |
| TAL | TAL Education Group | -0.21 |
| BQ | Boqii Holding Limited | -0.21 |
| INTS | Intensity Therapeutics, Inc. Common stockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.20 |
Frequently asked questions about OGSP correlations
- Which stocks are most correlated with OGSP?
- Based on one year of daily returns, the stocks most correlated with Obra High Grade Structured Products ETF (OGSP) are OPER (0.76), FLDR (0.68) and FLDB (0.63). 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 OGSP?
- Over the past year, the stocks most inversely correlated with Obra High Grade Structured Products ETF (OGSP) are GCTS.WS (-0.21), HFRO (-0.21) and TAL (-0.21). 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 OGSP correlations calculated?
- We compute the correlation of daily returns between OGSP 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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