Which stocks are most correlated with CIMpB?

Based on one year of daily returns, the stocks most correlated with Chimera Investment Corporation 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpB) are CIMpD (0.73), CIMpC (0.62) and NLYpF (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Chimera Investment Corporation 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpB) — Stock Correlations & Overview

Over the past year, CIMpB has moved most closely with CIMpD, CIMpC, NLYpF. Explore the stocks most correlated and inversely correlated with CIMpB below, along with its price, financials, and company profile.

Stocks correlated with CIMpB

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

Most correlated with CIMpB

Symbol	Company	Correlation
CIMpD	Chimera Investment Corporation 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.73
CIMpC	Chimera Investment Corporation 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.62
NLYpF	Annaly Capital Management, Inc. 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.51
PMTpC	PennyMac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial InterestREAL ESTATE INVESTMENT TRUSTS	0.50
NLYpG	Annaly Capital Management, Inc. 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.50

Most inversely correlated with CIMpB

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.33
SCC	ProShares UltraShort Consumer Discretionary	-0.30
EFU	ProShares Trust UltraShort MSCI EAFE	-0.29
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.29
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.28

Frequently asked questions about CIMpB correlations

Which stocks are most correlated with CIMpB?: Based on one year of daily returns, the stocks most correlated with Chimera Investment Corporation 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpB) are CIMpD (0.73), CIMpC (0.62) and NLYpF (0.51). 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 CIMpB?: Over the past year, the stocks most inversely correlated with Chimera Investment Corporation 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpB) are EPV (-0.33), SCC (-0.30) and EFU (-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 CIMpB correlations calculated?: We compute the correlation of daily returns between CIMpB 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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