Atlanticus Holdings Corporation 7.625% Series B Cumulative Perpetual Preferred Stock, no par value per share (ATLCP) — Stock Correlations & Overview
Over the past year, ATLCP has moved most closely with NPFD, SYY, PMTpA. Explore the stocks most correlated and inversely correlated with ATLCP below, along with its price, financials, and company profile.
Stocks correlated with ATLCP
Correlation of daily returns. Higher positive values move with ATLCP; negative values move opposite it. Informational only, not investment advice.
Most correlated with ATLCP
| Symbol | Company | Correlation |
|---|---|---|
| NPFD | Nuveen Variable Rate Preferred & Income Fund | 0.27 |
| SYY | Sysco CorporationWHOLESALE-GROCERIES & RELATED PRODUCTS | 0.27 |
| PMTpA | PennyMac Mortgage Investment Trust 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial InterestREAL ESTATE INVESTMENT TRUSTS | 0.26 |
| SCAG | Scage Future American Depositary Shares | 0.25 |
| NLYpI | Annaly Capital Management, Inc. 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.25 |
Most inversely correlated with ATLCP
| Symbol | Company | Correlation |
|---|---|---|
| ANNAW | AleAnna, Inc. WarrantCRUDE PETROLEUM & NATURAL GAS | -0.23 |
| WDS | Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share | -0.21 |
| WSBCO | WesBanco, Inc. Depositary Shares each representing 1/40th interest in a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series BNATIONAL COMMERCIAL BANKS | -0.21 |
| CCM | Concord Medical Services Holding Limited | -0.20 |
| LNG | Cheniere Energy IncNATURAL GAS DISTRIBUTION | -0.20 |
Frequently asked questions about ATLCP correlations
- Which stocks are most correlated with ATLCP?
- Based on one year of daily returns, the stocks most correlated with Atlanticus Holdings Corporation 7.625% Series B Cumulative Perpetual Preferred Stock, no par value per share (ATLCP) are NPFD (0.27), SYY (0.27) and PMTpA (0.26). 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 ATLCP?
- Over the past year, the stocks most inversely correlated with Atlanticus Holdings Corporation 7.625% Series B Cumulative Perpetual Preferred Stock, no par value per share (ATLCP) are ANNAW (-0.23), WDS (-0.21) and WSBCO (-0.21). 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 ATLCP correlations calculated?
- We compute the correlation of daily returns between ATLCP 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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