Optimum Communications, Inc. (OPTU) — Stock Correlations & Overview
Over the past year, OPTU has moved most closely with TGHL, ABTS, JZ. Explore the stocks most correlated and inversely correlated with OPTU below, along with its price, financials, and company profile.
Stocks correlated with OPTU
Correlation of daily returns. Higher positive values move with OPTU; negative values move opposite it. Informational only, not investment advice.
Most correlated with OPTU
| Symbol | Company | Correlation |
|---|---|---|
| TGHL | The GrowHub Limited Class A Ordinary Shares | 0.34 |
| ABTS | Abits Group Inc Ordinary Shares | 0.32 |
| JZ | Jianzhi Education Technology Group Company Limited American Depositary Shares | 0.31 |
| MGM | MGM RESORTS INTERNATIONALHOTELS & MOTELS | 0.30 |
| SMC | Summit Midstream CorporationNATURAL GAS TRANSMISSION | 0.27 |
Most inversely correlated with OPTU
| Symbol | Company | Correlation |
|---|---|---|
| FDX | FedEx CorporationAIR COURIER SERVICES | -0.28 |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -0.25 |
| OCS | Oculis Holding AG Ordinary shares | -0.25 |
| MFICL | MidCap Financial Investment Corporation 8.00% Notes due 2028 | -0.24 |
| SITC | SITE Centers Corp. Common SharesREAL ESTATE INVESTMENT TRUSTS | -0.23 |
Frequently asked questions about OPTU correlations
- Which stocks are most correlated with OPTU?
- Based on one year of daily returns, the stocks most correlated with Optimum Communications, Inc. (OPTU) are TGHL (0.34), ABTS (0.32) and JZ (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 OPTU?
- Over the past year, the stocks most inversely correlated with Optimum Communications, Inc. (OPTU) are FDX (-0.28), CORD (-0.25) and OCS (-0.25). 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 OPTU correlations calculated?
- We compute the correlation of daily returns between OPTU 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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