CDT Equity Inc. Common Stock (CDT) — Stock Correlations & Overview
Over the past year, CDT has moved most closely with IVRpC, JFIN, EAPR. Explore the stocks most correlated and inversely correlated with CDT below, along with its price, financials, and company profile.
Stocks correlated with CDT
Correlation of daily returns. Higher positive values move with CDT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CDT
| Symbol | Company | Correlation |
|---|---|---|
| IVRpC | Invesco Mortgage Capital Inc. 7.5% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, Liquation Preference $25.00 per ShareREAL ESTATE INVESTMENT TRUSTS | 0.29 |
| JFIN | Jiayin Group Inc. American Depositary Shares | 0.28 |
| EAPR | Innovator Emerging Markets Power Buffer ETF - April | 0.27 |
| AUBpA | Atlantic Union Bankshares Corporation Depositary Shares, Each Representing a 1/400th Interest in a Share of 6.875% Perpetual Non-Cumulative Preferred Stock, Series ASTATE COMMERCIAL BANKS | 0.26 |
| NXPL | NextPlat Corp Common StockTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | 0.26 |
Most inversely correlated with CDT
| Symbol | Company | Correlation |
|---|---|---|
| PBTP | Invesco 0-5 Yr US TIPS ETFINVESTMENT ADVICE | -0.21 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.20 |
| BENFW | Beneficient WarrantFINANCE SERVICES | -0.19 |
| AGZD | WisdomTree Trust WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | -0.18 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.18 |
Frequently asked questions about CDT correlations
- Which stocks are most correlated with CDT?
- Based on one year of daily returns, the stocks most correlated with CDT Equity Inc. Common Stock (CDT) are IVRpC (0.29), JFIN (0.28) and EAPR (0.27). 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 CDT?
- Over the past year, the stocks most inversely correlated with CDT Equity Inc. Common Stock (CDT) are PBTP (-0.21), TSXD (-0.20) and BENFW (-0.19). 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 CDT correlations calculated?
- We compute the correlation of daily returns between CDT 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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