Correlation Between OppFi and Stryve Foods

Can any of the company-specific risk be diversified away by investing in both OppFi and Stryve Foods 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 Stryve Foods into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between OppFi Inc and Stryve Foods, you can compare the effects of market volatilities on OppFi and Stryve Foods 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 Stryve Foods. Check out your portfolio center. Please also check ongoing floating volatility patterns of OppFi and Stryve Foods.

Diversification Opportunities for OppFi and Stryve Foods

-0.19

Correlation Coefficient

OppFi  Stryve Foods

Good diversification

The 3 months correlation between OppFi and Stryve is -0.19. Overlapping area represents the amount of risk that can be diversified away by holding OppFi Inc and Stryve Foods in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Stryve Foods 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 Stryve Foods. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stryve Foods has no effect on the direction of OppFi i.e., OppFi and Stryve Foods go up and down completely randomly.

Pair Corralation between OppFi and Stryve Foods

If you would invest  970.00  in OppFi Inc on May 6, 2025 and sell it today you would earn a total of  55.00  from holding OppFi Inc or generate 5.67% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	1.61%
Values	Daily Returns

OppFi Inc  vs.  Stryve Foods

OppFi Inc

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in OppFi Inc are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite fairly inconsistent technical and fundamental indicators, OppFi may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Stryve Foods

Risk-Adjusted Performance

Very Weak

Over the last 90 days Stryve Foods has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Stryve Foods is not utilizing all of its potentials. The newest stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with OppFi and Stryve Foods

The main advantage of trading using opposite OppFi and Stryve Foods positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if OppFi position performs unexpectedly, Stryve Foods 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 Stryve Foods will offset losses from the drop in Stryve Foods' long position.

The idea behind OppFi Inc and Stryve Foods 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.

Check out your portfolio center.

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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.