Which stocks are most correlated with GPMT?

Based on one year of daily returns, the stocks most correlated with Granite Point Mortgage Trust Inc. Common Stock (GPMT) are TDUP (0.43), APPX (0.39) and TRIP (0.38). 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 GPMT?

Over the past year, the stocks most inversely correlated with Granite Point Mortgage Trust Inc. Common Stock (GPMT) are WEBS (-0.32), DOG (-0.31) and DXD (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Granite Point Mortgage Trust Inc. Common Stock (GPMT) — Stock Correlations & Overview

Over the past year, GPMT has moved most closely with TDUP, APPX, TRIP. Explore the stocks most correlated and inversely correlated with GPMT below, along with its price, financials, and company profile.

Stocks correlated with GPMT

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

Most correlated with GPMT

Symbol	Company	Correlation
TDUP	ThredUp Inc. Class A Common StockRETAIL-CATALOG & MAIL-ORDER HOUSES	0.43
APPX	Tradr 2X Long APP Daily ETF	0.39
TRIP	TripAdvisor, Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.	0.38
APP	Applovin Corporation Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.	0.37
UWMC	UWM Holdings CorporationMORTGAGE BANKERS & LOAN CORRESPONDENTS	0.36

Most inversely correlated with GPMT

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.32
DOG	ProShares Short Dow30	-0.31
DXD	ProShares UltraShort Dow 30	-0.30
SDD	ProShares UltraShort SmallCap600	-0.30
SDOW	ProShares UltraPro Short Dow 30	-0.30

Frequently asked questions about GPMT correlations

Which stocks are most correlated with GPMT?: Based on one year of daily returns, the stocks most correlated with Granite Point Mortgage Trust Inc. Common Stock (GPMT) are TDUP (0.43), APPX (0.39) and TRIP (0.38). 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 GPMT?: Over the past year, the stocks most inversely correlated with Granite Point Mortgage Trust Inc. Common Stock (GPMT) are WEBS (-0.32), DOG (-0.31) and DXD (-0.30). 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 GPMT correlations calculated?: We compute the correlation of daily returns between GPMT 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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