Summit Hotel Properties, Inc. 6.250% Series E Cumulative Redeemable Preferred Stock (INNpE) — Stock Correlations & Overview
Over the past year, INNpE has moved most closely with FpB, FpC, INNpF. Explore the stocks most correlated and inversely correlated with INNpE below, along with its price, financials, and company profile.
Stocks correlated with INNpE
Correlation of daily returns. Higher positive values move with INNpE; negative values move opposite it. Informational only, not investment advice.
Most correlated with INNpE
| Symbol | Company | Correlation |
|---|---|---|
| FpB | Ford Motor Company 6.20% Notes due June 1, 2059MOTOR VEHICLES & PASSENGER CAR BODIES | 0.45 |
| FpC | Ford Motor Company 6.000% Notes due December 1, 2059MOTOR VEHICLES & PASSENGER CAR BODIES | 0.43 |
| INNpF | Summit Hotel Properties, Inc. 5.875% Series F Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.42 |
| DTG | DTE Energy Company 2021 Series E 4.375% Junior Subordinated DebenturesELECTRIC SERVICES | 0.41 |
| ALLpH | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.41 |
Most inversely correlated with INNpE
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| TBN | Tamboran Resources CorporationCRUDE PETROLEUM & NATURAL GAS | -0.28 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.27 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.26 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.26 |
Frequently asked questions about INNpE correlations
- Which stocks are most correlated with INNpE?
- Based on one year of daily returns, the stocks most correlated with Summit Hotel Properties, Inc. 6.250% Series E Cumulative Redeemable Preferred Stock (INNpE) are FpB (0.45), FpC (0.43) and INNpF (0.42). 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 INNpE?
- Over the past year, the stocks most inversely correlated with Summit Hotel Properties, Inc. 6.250% Series E Cumulative Redeemable Preferred Stock (INNpE) are FLYD (-0.29), TBN (-0.28) and SCC (-0.27). 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 INNpE correlations calculated?
- We compute the correlation of daily returns between INNpE 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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