OPAD vs OPTU: Correlation
Measured on weekly returns over the past three years, Offerpad Solutions Inc. (OPAD) and Optimum Communications, Inc. (OPTU) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPAD and OPTU?
Across a 3-year window, the weekly returns of OPAD and OPTU correlate at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.40 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 16331.6 %².
Among the 24 assets we track against OPAD, OPTU ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OPAD ahead by 91.2 points (+33.3% versus -57.9%). Note the risk asymmetry: OPAD runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OPAD vs OPTU: side by side
| OPAD (Offerpad Solutions Inc.) | OPTU (Optimum Communications, Inc.) | |
|---|---|---|
| 1-year return | +33.3% | -57.9% |
| 5-year return | -96.7% | -96.3% |
| Volatility (ann.) | 440.7% | 91.7% |
| Beta vs S&P 500 | -1.25 | 0.14 |
| Max drawdown (3Y) | -95.6% | -82.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPAD | OPTU |
|---|---|---|
| 2022 | -92.8% | -71.6% |
| 2023 | +48.2% | -29.3% |
| 2024 | -72.2% | -25.8% |
| 2025 | -57.5% | -31.5% |
| 2026 | +270.2% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPAD and OPTU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OPAD and OPTU?
The OPAD/OPTU correlation stands at 0.40 on a 3-year window (1 year: 0.57, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is OPTU a good diversifier for OPAD?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/opad-vs-optu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/opad-vs-optu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPAD correlations · OPTU correlations
