Correlation Between OppFi and DATS Old

Can any of the company-specific risk be diversified away by investing in both OppFi and DATS Old at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining OppFi and DATS Old into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between OppFi Inc and DATS Old, you can compare the effects of market volatilities on OppFi and DATS Old and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in OppFi with a short position of DATS Old. Check out your portfolio center. Please also check ongoing floating volatility patterns of OppFi and DATS Old.

Diversification Opportunities for OppFi and DATS Old

0.52

Correlation Coefficient

OppFi  DATS Old

Very weak diversification

The 3 months correlation between OppFi and DATS is 0.52. Overlapping area represents the amount of risk that can be diversified away by holding OppFi Inc and DATS Old in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DATS Old and OppFi is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on OppFi Inc are associated (or correlated) with DATS Old. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DATS Old has no effect on the direction of OppFi i.e., OppFi and DATS Old go up and down completely randomly.

Pair Corralation between OppFi and DATS Old

If you would invest  1,099  in OppFi Inc on September 12, 2025 and sell it today you would lose (25.00) from holding OppFi Inc or give up 2.27% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	1.59%
Values	Daily Returns

OppFi Inc  vs.  DATS Old

OppFi Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days OppFi Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong technical and fundamental indicators, OppFi is not utilizing all of its potentials. The newest stock price confusion, may contribute to short-horizon losses for the traders.

DATS Old

Risk-Adjusted Performance

Weakest

Over the last 90 days DATS Old has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, DATS Old is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with OppFi and DATS Old

The main advantage of trading using opposite OppFi and DATS Old positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if OppFi position performs unexpectedly, DATS Old can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DATS Old will offset losses from the drop in DATS Old's long position.

The idea behind OppFi Inc and DATS Old pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.