Which stocks are most correlated with EFC?

Based on one year of daily returns, the stocks most correlated with Ellington Financial Inc. Common Stock (EFC) are REM (0.66), MORT (0.62) and SRET (0.61). 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 EFC?

Over the past year, the stocks most inversely correlated with Ellington Financial Inc. Common Stock (EFC) are TYO (-0.42), TBX (-0.40) and SRS (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Ellington Financial Inc. Common Stock (EFC) — Stock Correlations & Overview

Over the past year, EFC has moved most closely with REM, MORT, SRET. Explore the stocks most correlated and inversely correlated with EFC below, along with its price, financials, and company profile.

Stocks correlated with EFC

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

Most correlated with EFC

Symbol	Company	Correlation
REM	iShares Mortgage Real Estate ETF	0.66
MORT	VanEck Mortgage REIT Income ETF	0.62
SRET	Global X SuperDividend REIT ETF	0.61
NLY	Annaly Capital Management. Inc.REAL ESTATE INVESTMENT TRUSTS	0.60
AGNC	AGNC Investment Corp. Common StockREAL ESTATE INVESTMENT TRUSTS	0.59

Most inversely correlated with EFC

Symbol	Company	Correlation
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.42
TBX	ProShares Short 7-10 Year Treasury	-0.40
SRS	ProShares UltraShort Real Estate	-0.40
DRV	Direxion Daily Real Estate Bear 3X ETF	-0.40
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.40

Frequently asked questions about EFC correlations

Which stocks are most correlated with EFC?: Based on one year of daily returns, the stocks most correlated with Ellington Financial Inc. Common Stock (EFC) are REM (0.66), MORT (0.62) and SRET (0.61). 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 EFC?: Over the past year, the stocks most inversely correlated with Ellington Financial Inc. Common Stock (EFC) are TYO (-0.42), TBX (-0.40) and SRS (-0.40). 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 EFC correlations calculated?: We compute the correlation of daily returns between EFC 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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