Broadway Financial Corp/Del (BYFC) — Stock Correlations & Overview
Over the past year, BYFC has moved most closely with INBS, AXSM, HNNA. Explore the stocks most correlated and inversely correlated with BYFC below, along with its price, financials, and company profile.
Stocks correlated with BYFC
Correlation of daily returns. Higher positive values move with BYFC; negative values move opposite it. Informational only, not investment advice.
Most correlated with BYFC
| Symbol | Company | Correlation |
|---|---|---|
| INBS | Intelligent Bio Solutions Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.33 |
| AXSM | Axsome Therapeutics, IncPHARMACEUTICAL PREPARATIONS | 0.31 |
| HNNA | Hennessy Advisors, Inc.INVESTMENT ADVICE | 0.30 |
| VNOpO | Vornado Realty Trust 4.45% Series O Cumulative Redeemable Preferred Shares, Liquidation Preference $25.00 Per ShareREAL ESTATE INVESTMENT TRUSTS | 0.28 |
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.27 |
Most inversely correlated with BYFC
| Symbol | Company | Correlation |
|---|---|---|
| XFLX | FundX Flexible ETF | -0.49 |
| CORT | Corcept Therapeutics Inc.PHARMACEUTICAL PREPARATIONS | -0.40 |
| BUUU | BUUU Group Limited Class A Ordinary Share | -0.26 |
| HERZ | Herzfeld Credit Income Fund, Inc. Common Stock | -0.25 |
| TVC | Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028ELECTRIC SERVICES | -0.23 |
Frequently asked questions about BYFC correlations
- Which stocks are most correlated with BYFC?
- Based on one year of daily returns, the stocks most correlated with Broadway Financial Corp/Del (BYFC) are INBS (0.33), AXSM (0.31) and HNNA (0.30). 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 BYFC?
- Over the past year, the stocks most inversely correlated with Broadway Financial Corp/Del (BYFC) are XFLX (-0.49), CORT (-0.40) and BUUU (-0.26). 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 BYFC correlations calculated?
- We compute the correlation of daily returns between BYFC 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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