Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029 (EIIA) — Stock Correlations & Overview
Over the past year, EIIA has moved most closely with XFOR, ECC, RZLT. Explore the stocks most correlated and inversely correlated with EIIA below, along with its price, financials, and company profile.
Stocks correlated with EIIA
Correlation of daily returns. Higher positive values move with EIIA; negative values move opposite it. Informational only, not investment advice.
Most correlated with EIIA
| Symbol | Company | Correlation |
|---|---|---|
| XFOR | X4 Pharmaceuticals, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.22 |
| ECC | Eagle Point Credit Company | 0.21 |
| RZLT | Rezolute, Inc. Common Stock (NV)PHARMACEUTICAL PREPARATIONS | 0.21 |
| SFpB | Stifel Financial Corp. Depositary Shares, Each Representing 1/1,000th Interest in a Share of 6.25% Non-Cumulative Preferred Stock, Series BSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.20 |
| USTB | Victory Portfolios II VictoryShares Short-Term Bond ETF | 0.20 |
Most inversely correlated with EIIA
| Symbol | Company | Correlation |
|---|---|---|
| CWD | CaliberCos Inc. Class A Common StockREAL ESTATE | -0.26 |
| ACRpC | ACRES Commercial Realty Corp. 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, par value $0.001 per shareREAL ESTATE INVESTMENT TRUSTS | -0.25 |
| DOMO | Domo, Inc. Class B Common StockSERVICES-PREPACKAGED SOFTWARE | -0.24 |
| TLS | Telos Corporation Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | -0.24 |
| OPEN | Opendoor Technologies Inc Common StockREAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | -0.23 |
Frequently asked questions about EIIA correlations
- Which stocks are most correlated with EIIA?
- Based on one year of daily returns, the stocks most correlated with Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029 (EIIA) are XFOR (0.22), ECC (0.21) and RZLT (0.21). 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 EIIA?
- Over the past year, the stocks most inversely correlated with Eagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029 (EIIA) are CWD (-0.26), ACRpC (-0.25) and DOMO (-0.24). 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 EIIA correlations calculated?
- We compute the correlation of daily returns between EIIA 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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