Omada Health, Inc. Common Stock (OMDA) — Stock Correlations & Overview
Over the past year, OMDA has moved most closely with HNGE, DUNK, DRUP. Explore the stocks most correlated and inversely correlated with OMDA below, along with its price, financials, and company profile.
Stocks correlated with OMDA
Correlation of daily returns. Higher positive values move with OMDA; negative values move opposite it. Informational only, not investment advice.
Most correlated with OMDA
| Symbol | Company | Correlation |
|---|---|---|
| HNGE | Hinge Health, Inc.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.54 |
| DUNK | Dana Unconstrained Equity ETF | 0.50 |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 0.50 |
| ABOT | Abacus FCF Innovation Leaders ETF | 0.48 |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.48 |
Most inversely correlated with OMDA
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.43 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.35 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.34 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.32 |
Frequently asked questions about OMDA correlations
- Which stocks are most correlated with OMDA?
- Based on one year of daily returns, the stocks most correlated with Omada Health, Inc. Common Stock (OMDA) are HNGE (0.54), DUNK (0.50) and DRUP (0.50). 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 OMDA?
- Over the past year, the stocks most inversely correlated with Omada Health, Inc. Common Stock (OMDA) are WEBS (-0.43), PALD (-0.36) and SARK (-0.35). 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 OMDA correlations calculated?
- We compute the correlation of daily returns between OMDA 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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