OptimumBank Holdings, Inc. (OPHC) — Stock Correlations & Overview
Over the past year, OPHC has moved most closely with HYFM, ATKR, RITR. Explore the stocks most correlated and inversely correlated with OPHC below, along with its price, financials, and company profile.
Stocks correlated with OPHC
Correlation of daily returns. Higher positive values move with OPHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with OPHC
| Symbol | Company | Correlation |
|---|---|---|
| HYFM | Hydrofarm Holdings Group, Inc. Common StockWHOLESALE-MISCELLANEOUS NONDURABLE GOODS | 0.41 |
| ATKR | Atkore Inc.MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.38 |
| RITR | Reitar Logtech Holdings Limited Ordinary shares | 0.31 |
| RTH | VanEck Retail ETF | 0.30 |
| BOW | Bowhead Specialty Holdings Inc.FIRE, MARINE & CASUALTY INSURANCE | 0.29 |
Most inversely correlated with OPHC
| Symbol | Company | Correlation |
|---|---|---|
| TIPA | Northern Trust 2030 Inflation-Linked Distributing Ladder ETF | -0.28 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.27 |
| STIP | iShares 0-5 Year TIPS Bond ETF | -0.27 |
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.25 |
| CAOS | Alpha Architect Tail Risk ETF | -0.25 |
Frequently asked questions about OPHC correlations
- Which stocks are most correlated with OPHC?
- Based on one year of daily returns, the stocks most correlated with OptimumBank Holdings, Inc. (OPHC) are HYFM (0.41), ATKR (0.38) and RITR (0.31). 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 OPHC?
- Over the past year, the stocks most inversely correlated with OptimumBank Holdings, Inc. (OPHC) are TIPA (-0.28), EMTY (-0.27) and STIP (-0.27). 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 OPHC correlations calculated?
- We compute the correlation of daily returns between OPHC 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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