Which stocks are most correlated with HFROpB?

Based on one year of daily returns, the stocks most correlated with Highland Opportunities and Income Fund 5.375% Series B Cumulative Preferred Shares (HFROpB) are HFROpA (0.48), JULZ (0.34) and ONEZ (0.32). 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 HFROpB?

Over the past year, the stocks most inversely correlated with Highland Opportunities and Income Fund 5.375% Series B Cumulative Preferred Shares (HFROpB) are WEBS (-0.25), FNGD (-0.25) and QQDN (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

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

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

Stocks correlated with HFROpB

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

Most correlated with HFROpB

Symbol	Company	Correlation
HFROpA	Highland Opportunities and Income Fund 5.375% Series A Cumulative Preferred Shares	0.48
JULZ	TrueShares Structured Outcome (July) ETF	0.34
ONEZ	TrueShares Seasonality Laddered Buffered ETF	0.32
NOVZ	TrueShares Structured Outcome (November) ETF	0.31
UPST	Upstart Holdings, Inc. Common stockFINANCE SERVICES	0.31

Most inversely correlated with HFROpB

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.25
FNGD	MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC	-0.25
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.24
UVIX	2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.24
SCC	ProShares UltraShort Consumer Discretionary	-0.24

Frequently asked questions about HFROpB correlations

Which stocks are most correlated with HFROpB?: Based on one year of daily returns, the stocks most correlated with Highland Opportunities and Income Fund 5.375% Series B Cumulative Preferred Shares (HFROpB) are HFROpA (0.48), JULZ (0.34) and ONEZ (0.32). 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 HFROpB?: Over the past year, the stocks most inversely correlated with Highland Opportunities and Income Fund 5.375% Series B Cumulative Preferred Shares (HFROpB) are WEBS (-0.25), FNGD (-0.25) and QQDN (-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 HFROpB correlations calculated?: We compute the correlation of daily returns between HFROpB 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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