CHERRY HILL MORTGAGE INVESTMENT CORPORATION (CHMI) — Stock Correlations & Overview
Over the past year, CHMI has moved most closely with HZO, MVPA, BWMN. Explore the stocks most correlated and inversely correlated with CHMI below, along with its price, financials, and company profile.
Stocks correlated with CHMI
Correlation of daily returns. Higher positive values move with CHMI; negative values move opposite it. Informational only, not investment advice.
Most correlated with CHMI
| Symbol | Company | Correlation |
|---|---|---|
| HZO | MarineMax, Inc.RETAIL-AUTO & HOME SUPPLY STORES | 0.39 |
| MVPA | Miller Value Partners Appreciation ETF | 0.38 |
| BWMN | Bowman Consulting Group Ltd. Common StockSERVICES-MANAGEMENT CONSULTING SERVICES | 0.37 |
| VREX | Varex Imaging Corporation Common StockELECTRONIC COMPONENTS, NEC | 0.37 |
| MFA | MFA Financial, IncREAL ESTATE INVESTMENT TRUSTS | 0.36 |
Most inversely correlated with CHMI
| Symbol | Company | Correlation |
|---|---|---|
| SION | Sionna Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.39 |
| TENX | Tenax Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | -0.38 |
| TURB | Turbo Energy, S.A. American Depositary Shares | -0.29 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.28 |
| SEF | ProShares Short Financials | -0.28 |
Frequently asked questions about CHMI correlations
- Which stocks are most correlated with CHMI?
- Based on one year of daily returns, the stocks most correlated with CHERRY HILL MORTGAGE INVESTMENT CORPORATION (CHMI) are HZO (0.39), MVPA (0.38) and BWMN (0.37). 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 CHMI?
- Over the past year, the stocks most inversely correlated with CHERRY HILL MORTGAGE INVESTMENT CORPORATION (CHMI) are SION (-0.39), TENX (-0.38) and TURB (-0.29). 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 CHMI correlations calculated?
- We compute the correlation of daily returns between CHMI 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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