Opendoor Technologies Inc Common Stock (OPEN) — Stock Correlations & Overview
Over the past year, OPEN has moved most closely with OPAD, ARKT, STEN. Explore the stocks most correlated and inversely correlated with OPEN below, along with its price, financials, and company profile.
Stocks correlated with OPEN
Correlation of daily returns. Higher positive values move with OPEN; negative values move opposite it. Informational only, not investment advice.
Most correlated with OPEN
| Symbol | Company | Correlation |
|---|---|---|
| OPAD | Offerpad Solutions Inc. Class A Common StockREAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | 0.59 |
| ARKT | ARK DIET Q4 Buffer ETF | 0.53 |
| STEN | iShares Large Cap 10% Target Buffer Sep ETF | 0.49 |
| CHRI | Global X S&P 500 Christian Values ETF | 0.48 |
| GXLC | Global X U.S. 500 ETF | 0.48 |
Most inversely correlated with OPEN
| 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 | -0.40 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.40 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.40 |
Frequently asked questions about OPEN correlations
- Which stocks are most correlated with OPEN?
- Based on one year of daily returns, the stocks most correlated with Opendoor Technologies Inc Common Stock (OPEN) are OPAD (0.59), ARKT (0.53) and STEN (0.49). 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 OPEN?
- Over the past year, the stocks most inversely correlated with Opendoor Technologies Inc Common Stock (OPEN) are SARK (-0.42), TWM (-0.41) and RWM (-0.40). 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 OPEN correlations calculated?
- We compute the correlation of daily returns between OPEN 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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