OneSpan Inc. Common Stock (OSPN) — Stock Correlations & Overview
Over the past year, OSPN has moved most closely with SPSC, XSW, TGE. Explore the stocks most correlated and inversely correlated with OSPN below, along with its price, financials, and company profile.
Stocks correlated with OSPN
Correlation of daily returns. Higher positive values move with OSPN; negative values move opposite it. Informational only, not investment advice.
Most correlated with OSPN
| Symbol | Company | Correlation |
|---|---|---|
| SPSC | SPS Commerce, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.65 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.54 |
| TGE | The Generation Essentials Group | 0.52 |
| DTEC | ALPS Disruptive Technologies ETF | 0.51 |
| RMNI | Rimini Street, Inc. (DE) Common StockSERVICES-BUSINESS SERVICES, NEC | 0.51 |
Most inversely correlated with OSPN
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.45 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.40 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.37 |
| HKD | AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) | -0.37 |
| BHF | Brighthouse Financial, Inc.LIFE INSURANCE | -0.36 |
Frequently asked questions about OSPN correlations
- Which stocks are most correlated with OSPN?
- Based on one year of daily returns, the stocks most correlated with OneSpan Inc. Common Stock (OSPN) are SPSC (0.65), XSW (0.54) and TGE (0.52). 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 OSPN?
- Over the past year, the stocks most inversely correlated with OneSpan Inc. Common Stock (OSPN) are HDGE (-0.45), WEBS (-0.40) and PALD (-0.37). 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 OSPN correlations calculated?
- We compute the correlation of daily returns between OSPN 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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