Which stocks are most correlated with CIMP?

Based on one year of daily returns, the stocks most correlated with Chimera Investment Corporation 8.875% Senior Notes due 2030 (CIMP) are MITP (0.56), RITMpB (0.55) and RITMpE (0.52). 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 CIMP?

Over the past year, the stocks most inversely correlated with Chimera Investment Corporation 8.875% Senior Notes due 2030 (CIMP) are FAZ (-0.26), SKF (-0.26) and SEF (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Chimera Investment Corporation 8.875% Senior Notes due 2030 (CIMP) — Stock Correlations & Overview

Over the past year, CIMP has moved most closely with MITP, RITMpB, RITMpE. Explore the stocks most correlated and inversely correlated with CIMP below, along with its price, financials, and company profile.

Stocks correlated with CIMP

Correlation of daily returns. Higher positive values move with CIMP; negative values move opposite it. Informational only, not investment advice.

Most correlated with CIMP

Symbol	Company	Correlation
MITP	TPG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS	0.56
RITMpB	Rithm Capital Corp. 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.55
RITMpE	Rithm Capital Corp. 8.75% Series E Fixed-Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.52
CIMO	Chimera Investment Corporation 9.250% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS	0.52
RITMpA	Rithm Capital Corp.7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.51

Most inversely correlated with CIMP

Symbol	Company	Correlation
FAZ	Direxion Daily Financial Bear 3x ETF	-0.26
SKF	ProShares UltraShort Financials	-0.26
SEF	ProShares Short Financials	-0.26
VZ	Verizon CommunicationsTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)	-0.26
DOG	ProShares Short Dow30	-0.25

Frequently asked questions about CIMP correlations

Which stocks are most correlated with CIMP?: Based on one year of daily returns, the stocks most correlated with Chimera Investment Corporation 8.875% Senior Notes due 2030 (CIMP) are MITP (0.56), RITMpB (0.55) and RITMpE (0.52). 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 CIMP?: Over the past year, the stocks most inversely correlated with Chimera Investment Corporation 8.875% Senior Notes due 2030 (CIMP) are FAZ (-0.26), SKF (-0.26) and SEF (-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 CIMP correlations calculated?: We compute the correlation of daily returns between CIMP 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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