Offerpad Solutions Correlations

OPAD Stock

USD 1.38 0.07 4.83%

The current 90-days correlation between Offerpad Solutions and J W Mays is 0.03 (i.e., Significant diversification). The correlation of Offerpad Solutions is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Offerpad Solutions Correlation With Market

Very weak diversification

The correlation between Offerpad Solutions and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Offerpad Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Offerpad Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Offerpad Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Offerpad Stock refer to our How to Trade Offerpad Stock guide.

Moving together with Offerpad Stock

0.63	Z	Zillow Group Class	Pair Corr
0.63	SVI	Storage Vault Canada	Pair Corr
0.92	BHM	Bluerock Homes Trust	Pair Corr
0.84	CKX	CKX Lands	Pair Corr
0.61	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.72	ONL	Orion Office Reit	Pair Corr
0.71	SGD	Safe and Green Symbol Change	Pair Corr
0.89	BRE	Bridgemarq Real Estate	Pair Corr
0.79	600325	Huafa Industrial	Pair Corr
0.87	RMAX	Re Max Holding	Pair Corr
0.76	ASPS	Altisource Portfolio	Pair Corr
0.76	STHO	Star Holdings	Pair Corr

Moving against Offerpad Stock

0.72	CIC	Conygar Investment	Pair Corr
0.57	002208	Hefei Urban Construction	Pair Corr
0.55	600053	Kunwu Jiuding Investment	Pair Corr
0.36	ROAD	Roadside Real Estate	Pair Corr
0.32	LB	LandBridge Company	Pair Corr
0.75	000609	Beijing Mainstreets	Pair Corr
0.73	WFC	Wall Financial	Pair Corr
0.67	600753	Fujian Oriental Silver	Pair Corr
0.66	GTOFF	Gemalto NV	Pair Corr
0.64	TUXS	Tuxis	Pair Corr
0.63	UNCY	Unicycive Therapeutics	Pair Corr
0.51	000506	Zhongrun Resources	Pair Corr
0.48	600683	Metro Investment Dev	Pair Corr
0.43	BRSP	Brightspire Capital	Pair Corr
0.38	600568	Zhongzhu Medical Holdings	Pair Corr

Related Correlations Analysis

	MAYS	RFL	FTHM	AFCG	STHO	OMH	LODE	ASPS	SACH
MAYS		0.34	-0.35	-0.19	-0.14	-0.44	-0.01	-0.58	0.28	MAYS
RFL	0.34		0.54	0.58	0.31	0.4	0.07	0.22	0.71	RFL
FTHM	-0.35	0.54		0.83	0.69	0.66	0.43	0.77	0.49	FTHM
AFCG	-0.19	0.58	0.83		0.65	0.73	0.35	0.56	0.66	AFCG
STHO	-0.14	0.31	0.69	0.65		0.22	0.48	0.39	0.39	STHO
OMH	-0.44	0.4	0.66	0.73	0.22		-0.01	0.61	0.42	OMH
LODE	-0.01	0.07	0.43	0.35	0.48	-0.01		0.32	0.25	LODE
ASPS	-0.58	0.22	0.77	0.56	0.39	0.61	0.32		0.22	ASPS
SACH	0.28	0.71	0.49	0.66	0.39	0.42	0.25	0.22		SACH
	MAYS	RFL	FTHM	AFCG	STHO	OMH	LODE	ASPS	SACH

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AFCG	+ 0.83	FTHM
ASPS	+ 0.77	FTHM
OMH	+ 0.73	AFCG
SACH	+ 0.71	RFL
STHO	+ 0.69	FTHM
OMH	+ 0.66	FTHM

High negative correlations

ASPS	- 0.58	MAYS
OMH	- 0.44	MAYS
FTHM	- 0.35	MAYS
AFCG	- 0.19	MAYS
STHO	- 0.14	MAYS
LODE	- 0.01	OMH

Risk-Adjusted Indicators

There is a big difference between Offerpad Stock performing well and Offerpad Solutions Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Offerpad Solutions' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MAYS	0.98	(0.09)	0.00	0.48	0.00	0.00	3.87	(3.12)	6.99
RFL	2.02	(0.26)	0.00	1.35	0.00	0.00	5.30	(3.31)	31.42
FTHM	4.46	(0.89)	0.00	(0.26)	0.00	0.00	8.75	(7.09)	32.95
AFCG	2.65	(0.53)	0.00	(0.32)	0.00	0.00	5.14	(5.00)	22.71
STHO	1.47	(0.19)	0.00	(0.11)	0.00	0.00	2.91	(2.56)	7.69
OMH	3.59	(0.74)	0.00	(0.22)	0.00	0.00	6.49	(7.87)	35.41
LODE	4.30	(0.02)	0.01	0.05	4.74	(4.89)	9.09	(8.04)	23.38
ASPS	3.17	(0.73)	0.00	(4.53)	0.00	0.00	4.97	(8.97)	19.17
SACH	2.06	(0.10)	0.00	(0.01)	0.00	0.00	4.21	(3.85)	13.97

Offerpad Solutions Corporate Management

Hiten Patel	Controller VP	Profile
Vaughn Bair	Chief Officer	Profile
Stjepan Rajko	Vice Technology	Profile
Stefanie Layton	Director Relations	Profile
James Grout	Senior Relations	Profile
Stephen Johnson	Chief Officer	Profile
Ted Best	Senior Management	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC