Which stocks are most correlated with OPAD?

Based on one year of daily returns, the stocks most correlated with Offerpad Solutions Inc. Class A Common Stock (OPAD) are OPEN (0.59), GINN (0.47) and SPYC (0.46). 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 OPAD?

Over the past year, the stocks most inversely correlated with Offerpad Solutions Inc. Class A Common Stock (OPAD) are SARK (-0.42), TWM (-0.41) and RWM (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Offerpad Solutions Inc. Class A Common Stock (OPAD) — Stock Correlations & Overview

Over the past year, OPAD has moved most closely with OPEN, GINN, SPYC. Explore the stocks most correlated and inversely correlated with OPAD below, along with its price, financials, and company profile.

Stocks correlated with OPAD

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

Most correlated with OPAD

Symbol	Company	Correlation
OPEN	Opendoor Technologies Inc Common StockREAL ESTATE AGENTS & MANAGERS (FOR OTHERS)	0.59
GINN	Goldman Sachs Innovate Equity ETF	0.47
SPYC	Simplify US Equity PLUS Convexity ETF	0.46
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	0.46
JOBX	Tradr 2X Long JOBY Daily ETF	0.45

Most inversely correlated with OPAD

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.42
TWM	ProShares UltraShort Russell2000	-0.41
RWM	ProShares Short Russell2000	-0.41
SRTY	ProShares UltraPro Short Russell2000	-0.41
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.41

Frequently asked questions about OPAD correlations

Which stocks are most correlated with OPAD?: Based on one year of daily returns, the stocks most correlated with Offerpad Solutions Inc. Class A Common Stock (OPAD) are OPEN (0.59), GINN (0.47) and SPYC (0.46). 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 OPAD?: Over the past year, the stocks most inversely correlated with Offerpad Solutions Inc. Class A Common Stock (OPAD) are SARK (-0.42), TWM (-0.41) and RWM (-0.41). 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 OPAD correlations calculated?: We compute the correlation of daily returns between OPAD 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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