AVNT vs OPHC: Correlation
How closely do Avient Corporation (AVNT) and OptimumBank Holdings, Inc. (OPHC) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and OPHC?
Across a 3-year window, the weekly returns of AVNT and OPHC correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 548.4 %².
Within AVNT's tracked universe of 35 assets, OPHC comes in at #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OPHC outperformed by 78.3 percentage points (+21.7% for AVNT against +100.0% for OPHC).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AVNT vs OPHC: side by side
| AVNT (Avient Corporation) | OPHC (OptimumBank Holdings, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +100.0% |
| 5-year return | -3.6% | +84.4% |
| Volatility (ann.) | 36.9% | 32.0% |
| Beta vs S&P 500 | 1.33 | 0.67 |
| Max drawdown (3Y) | -46.9% | -34.1% |
| Market cap | $4.1B | $0.1B |
| P/E (trailing) | 23.9 | 10.0 |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | OPHC |
|---|---|---|
| 2022 | -38.2% | +4.1% |
| 2023 | +26.4% | +2.2% |
| 2024 | +0.6% | +13.9% |
| 2025 | -21.2% | -10.7% |
| 2026 | +43.9% | +105.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and OPHC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVNT and OPHC?
The AVNT/OPHC correlation stands at 0.47 on a 3-year window (1 year: 0.49, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is OPHC a good diversifier for AVNT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AVNT correlations · OPHC correlations
