Creative Media & Community Trust Corporation Common stock (CMCT) — Stock Correlations & Overview
Over the past year, CMCT has moved most closely with ALDX, LNSR, WNW. Explore the stocks most correlated and inversely correlated with CMCT below, along with its price, financials, and company profile.
Stocks correlated with CMCT
Correlation of daily returns. Higher positive values move with CMCT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CMCT
| Symbol | Company | Correlation |
|---|---|---|
| ALDX | Aldeyra Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | 0.43 |
| LNSR | LENSAR, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.38 |
| WNW | Meiwu Technology Company Limited Ordinary Shares | 0.32 |
| CETX | CEMTREX INC.CONSTRUCTION - SPECIAL TRADE CONTRACTORS | 0.26 |
| BBWI | Bath & Body Works, Inc.RETAIL-RETAIL STORES, NEC | 0.25 |
Most inversely correlated with CMCT
| Symbol | Company | Correlation |
|---|---|---|
| ACPpA | abrdn Income Credit Strategies Fund 5.250% Series A Perpetual Preferred Stock | -0.31 |
| BIAF | bioAffinity Technologies, Inc. Common StockSERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | -0.24 |
| GLRE | Greenlight Captial RE, LTD. Class AFIRE, MARINE & CASUALTY INSURANCE | -0.23 |
| FOXX | Foxx Development Holdings Inc. Common StockCOMPUTER COMMUNICATIONS EQUIPMENT | -0.22 |
| TROX | TRONOX LIMITED CL A ORDINARY SHARESINDUSTRIAL INORGANIC CHEMICALS | -0.20 |
Frequently asked questions about CMCT correlations
- Which stocks are most correlated with CMCT?
- Based on one year of daily returns, the stocks most correlated with Creative Media & Community Trust Corporation Common stock (CMCT) are ALDX (0.43), LNSR (0.38) and WNW (0.32). 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 CMCT?
- Over the past year, the stocks most inversely correlated with Creative Media & Community Trust Corporation Common stock (CMCT) are ACPpA (-0.31), BIAF (-0.24) and GLRE (-0.23). 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 CMCT correlations calculated?
- We compute the correlation of daily returns between CMCT 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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