OPEN vs SCLX: Correlation
Measured on weekly returns over the past three years, Opendoor Technologies Inc (OPEN) and Scilex Holding Company (SCLX) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPEN and SCLX?
On 3 years of weekly data the OPEN/SCLX correlation comes out at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 5411.4 %².
By 3-year correlation, SCLX places #13 of the 18 assets tracked against OPEN. Correlation aside, the last 12 months split them widely, with OPEN ahead by 34.5 points (-15.9% versus -50.4%).
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.
OPEN vs SCLX: side by side
| OPEN (Opendoor Technologies Inc) | SCLX (Scilex Holding Company) | |
|---|---|---|
| 1-year return | -15.9% | -50.4% |
| 5-year return | -80.8% | -97.4% |
| Volatility (ann.) | 145.6% | 125.7% |
| Beta vs S&P 500 | 2.46 | 1.06 |
| Max drawdown (3Y) | -89.2% | -96.4% |
| Market cap | $3.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPEN | SCLX |
|---|---|---|
| 2022 | -92.1% | -60.3% |
| 2023 | +286.2% | -48.9% |
| 2024 | -64.3% | -79.1% |
| 2025 | +264.4% | -18.2% |
| 2026 | -42.0% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPEN and SCLX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OPEN and SCLX?
As of 2026-08-27, the correlation of weekly returns between OPEN and SCLX is 0.30 over 3 years, 0.34 over 1 year and 0.25 over 5 years.
Is SCLX a good diversifier for OPEN?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/open-vs-sclx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/open-vs-sclx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPEN correlations · SCLX correlations
