Opera Limited American Depositary Shares (OPRA) — Stock Correlations & Overview
Over the past year, OPRA has moved most closely with OGIG, XDAT, BUYZ. Explore the stocks most correlated and inversely correlated with OPRA below, along with its price, financials, and company profile.
Stocks correlated with OPRA
Correlation of daily returns. Higher positive values move with OPRA; negative values move opposite it. Informational only, not investment advice.
Most correlated with OPRA
| Symbol | Company | Correlation |
|---|---|---|
| OGIG | ALPS O'Shares Global Internet Giants ETF | 0.51 |
| XDAT | Franklin Exponential Data ETF | 0.50 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.50 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.50 |
| NUMG | Nuveen ESG Mid-Cap Growth ETF | 0.50 |
Most inversely correlated with OPRA
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.49 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.44 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.43 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.41 |
| SDS | ProShares UltraShort S&P500 | -0.41 |
Frequently asked questions about OPRA correlations
- Which stocks are most correlated with OPRA?
- Based on one year of daily returns, the stocks most correlated with Opera Limited American Depositary Shares (OPRA) are OGIG (0.51), XDAT (0.50) and BUYZ (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 OPRA?
- Over the past year, the stocks most inversely correlated with Opera Limited American Depositary Shares (OPRA) are WEBS (-0.49), FLYD (-0.44) and SARK (-0.43). 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 OPRA correlations calculated?
- We compute the correlation of daily returns between OPRA 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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