Which stocks are most correlated with HFROpA?

Based on one year of daily returns, the stocks most correlated with Highland Opportunities and Income Fund 5.375% Series A Cumulative Preferred Shares (HFROpA) are HFROpB (0.48), DHY (0.26) and GLIN (0.26). 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 HFROpA?

Over the past year, the stocks most inversely correlated with Highland Opportunities and Income Fund 5.375% Series A Cumulative Preferred Shares (HFROpA) are BOLD (-0.20), ARLP (-0.20) and LINK (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

Highland Opportunities and Income Fund 5.375% Series A Cumulative Preferred Shares (HFROpA) — Stock Correlations & Overview

Over the past year, HFROpA has moved most closely with HFROpB, DHY, GLIN. Explore the stocks most correlated and inversely correlated with HFROpA below, along with its price, financials, and company profile.

Stocks correlated with HFROpA

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

Most correlated with HFROpA

Symbol	Company	Correlation
HFROpB	Highland Opportunities and Income Fund 5.375% Series B Cumulative Preferred Shares	0.48
DHY	Credit Suisse High Yield Credit Fund	0.26
GLIN	VanEck India Growth Leaders ETF	0.26
CIK	Credit Suisse Asset Management Income Fund Inc.	0.24
ARDC	ARES DYNAMIC CREDIT ALLOCATION FUND, INC.	0.23

Most inversely correlated with HFROpA

Symbol	Company	Correlation
BOLD	Boundless Bio, Inc. Common StockPHARMACEUTICAL PREPARATIONS	-0.20
ARLP	Alliance Resource Partners LPBITUMINOUS COAL & LIGNITE SURFACE MINING	-0.20
LINK	Interlink Electronics, Inc. Common StockCOMPUTER PERIPHERAL EQUIPMENT, NEC	-0.20
USTB	Victory Portfolios II VictoryShares Short-Term Bond ETF	-0.19
DMAAR	Drugs Made In America Acquisition Corp. RightsBLANK CHECKS	-0.19

Frequently asked questions about HFROpA correlations

Which stocks are most correlated with HFROpA?: Based on one year of daily returns, the stocks most correlated with Highland Opportunities and Income Fund 5.375% Series A Cumulative Preferred Shares (HFROpA) are HFROpB (0.48), DHY (0.26) and GLIN (0.26). 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 HFROpA?: Over the past year, the stocks most inversely correlated with Highland Opportunities and Income Fund 5.375% Series A Cumulative Preferred Shares (HFROpA) are BOLD (-0.20), ARLP (-0.20) and LINK (-0.20). 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 HFROpA correlations calculated?: We compute the correlation of daily returns between HFROpA 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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