Castor Maritime Inc. Common Stock (CTRM) — Stock Correlations & Overview
Over the past year, CTRM has moved most closely with MOOD, RHTX, HF. Explore the stocks most correlated and inversely correlated with CTRM below, along with its price, financials, and company profile.
Stocks correlated with CTRM
Correlation of daily returns. Higher positive values move with CTRM; negative values move opposite it. Informational only, not investment advice.
Most correlated with CTRM
| Symbol | Company | Correlation |
|---|---|---|
| MOOD | Relative Sentiment Tactical Allocation ETF | 0.40 |
| RHTX | RH Tactical Outlook ETF | 0.40 |
| HF | DGA Core Plus Absolute Return ETF | 0.40 |
| WEEL | Peerless Option Income Wheel ETF | 0.39 |
| URG | Ur-Energy Inc.GOLD AND SILVER ORES | 0.38 |
Most inversely correlated with CTRM
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.34 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.33 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.33 |
| SDS | ProShares UltraShort S&P500 | -0.33 |
Frequently asked questions about CTRM correlations
- Which stocks are most correlated with CTRM?
- Based on one year of daily returns, the stocks most correlated with Castor Maritime Inc. Common Stock (CTRM) are MOOD (0.40), RHTX (0.40) and HF (0.40). 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 CTRM?
- Over the past year, the stocks most inversely correlated with Castor Maritime Inc. Common Stock (CTRM) are SARK (-0.34), SPXS (-0.34) and SPDN (-0.33). 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 CTRM correlations calculated?
- We compute the correlation of daily returns between CTRM 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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