Which stocks are most correlated with CIMpD?

Based on one year of daily returns, the stocks most correlated with Chimera Investment Corporation 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpD) are CIMpB (0.73), CIMpC (0.57) and MTBpJ (0.50). 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 D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpD) — Stock Correlations & Overview

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

Stocks correlated with CIMpD

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

Most correlated with CIMpD

Symbol	Company	Correlation
CIMpB	Chimera Investment Corporation 8.00% Series B 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	0.57
MTBpJ	M&T Bank Corporation Depositary Shares each representing a 1/400th ownership interest in a share of Perpetual 7.500% Non-Cumulative Preferred Stock, Series JSTATE COMMERCIAL BANKS	0.50
NLYpF	Annaly Capital Management, Inc. 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.49
NLYpJ	Annaly Capital Management, Inc. 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.46

Most inversely correlated with CIMpD

Symbol	Company	Correlation
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.36
EFZ	ProShares Trust Short MSCI EAFE	-0.35
SCC	ProShares UltraShort Consumer Discretionary	-0.34
SPXU	ProShares UltraPro Short S&P 500	-0.33
SDS	ProShares UltraShort S&P500	-0.33

Frequently asked questions about CIMpD correlations

Which stocks are most correlated with CIMpD?: Based on one year of daily returns, the stocks most correlated with Chimera Investment Corporation 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpD) are CIMpB (0.73), CIMpC (0.57) and MTBpJ (0.50). 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 CIMpD?: Over the past year, the stocks most inversely correlated with Chimera Investment Corporation 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIMpD) are QQDN (-0.36), EFZ (-0.35) and SCC (-0.34). 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 CIMpD correlations calculated?: We compute the correlation of daily returns between CIMpD 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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