Adamas Trust, Inc. 9.125% Senior Notes Due 2029 (ADAMI) — Stock Correlations & Overview
Over the past year, ADAMI has moved most closely with ADAMG, ADAMH, VLYPP. Explore the stocks most correlated and inversely correlated with ADAMI below, along with its price, financials, and company profile.
Stocks correlated with ADAMI
Correlation of daily returns. Higher positive values move with ADAMI; negative values move opposite it. Informational only, not investment advice.
Most correlated with ADAMI
| Symbol | Company | Correlation |
|---|---|---|
| ADAMG | Adamas Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.56 |
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.49 |
| VLYPP | Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series ANATIONAL COMMERCIAL BANKS | 0.42 |
| OXLCI | Oxford Lane Capital Corp. 8.75% Notes due 2030 | 0.37 |
| IFGL | iShares International Developed Real Estate ETF | 0.36 |
Most inversely correlated with ADAMI
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.27 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.26 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.24 |
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.23 |
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | -0.22 |
Frequently asked questions about ADAMI correlations
- Which stocks are most correlated with ADAMI?
- Based on one year of daily returns, the stocks most correlated with Adamas Trust, Inc. 9.125% Senior Notes Due 2029 (ADAMI) are ADAMG (0.56), ADAMH (0.49) and VLYPP (0.42). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ADAMI?
- Over the past year, the stocks most inversely correlated with Adamas Trust, Inc. 9.125% Senior Notes Due 2029 (ADAMI) are EPV (-0.27), EFU (-0.26) and EFZ (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ADAMI correlations calculated?
- We compute the correlation of daily returns between ADAMI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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