Dynex Capital, Inc. (DX) — Stock Correlations & Overview
Over the past year, DX has moved most closely with AGNC, REM, MORT. Explore the stocks most correlated and inversely correlated with DX below, along with its price, financials, and company profile.
Stocks correlated with DX
Correlation of daily returns. Higher positive values move with DX; negative values move opposite it. Informational only, not investment advice.
Most correlated with DX
| Symbol | Company | Correlation |
|---|---|---|
| AGNC | AGNC Investment Corp. Common StockREAL ESTATE INVESTMENT TRUSTS | 0.82 |
| REM | iShares Mortgage Real Estate ETF | 0.78 |
| MORT | VanEck Mortgage REIT Income ETF | 0.75 |
| ARR | ARMOUR Residential REIT, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.74 |
| NLY | Annaly Capital Management. Inc.REAL ESTATE INVESTMENT TRUSTS | 0.74 |
Frequently asked questions about DX correlations
- Which stocks are most correlated with DX?
- Based on one year of daily returns, the stocks most correlated with Dynex Capital, Inc. (DX) are AGNC (0.82), REM (0.78) and MORT (0.75). 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 DX?
- Over the past year, the stocks most inversely correlated with Dynex Capital, Inc. (DX) are EPV (-0.49), TYO (-0.44) and EFZ (-0.44). 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 DX correlations calculated?
- We compute the correlation of daily returns between DX 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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