Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) — Stock Correlations & Overview
Over the past year, JSM has moved most closely with DUKB, HYTR, SOJF. Explore the stocks most correlated and inversely correlated with JSM below, along with its price, financials, and company profile.
Stocks correlated with JSM
Correlation of daily returns. Higher positive values move with JSM; negative values move opposite it. Informational only, not investment advice.
Most correlated with JSM
| Symbol | Company | Correlation |
|---|---|---|
| DUKB | Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.49 |
| HYTR | Counterpoint High Yield Trend ETF | 0.41 |
| SOJF | The Southern Company Series 2025A 6.50% Junior Subordinated Notes due March 15, 2085ELECTRIC SERVICES | 0.40 |
| DLRpK | Digital Realty Trust, Inc. 5.850% Series K Cumulative Redeemable Preferred Stock, par value $0.01 per shareREAL ESTATE INVESTMENT TRUSTS | 0.37 |
| SFpD | Stifel Financial Corp. Depositary Shares, Each Representing 1/1,000th Interest in a Share of 4.50% Non- Cumulative Preferred Stock, Series DSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.36 |
Most inversely correlated with JSM
| Symbol | Company | Correlation |
|---|---|---|
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.28 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.27 |
| EPV | ProShares UltraShort FTSE Europe | -0.26 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.26 |
| SH | ProShares Short S&P500 | -0.26 |
Frequently asked questions about JSM correlations
- Which stocks are most correlated with JSM?
- Based on one year of daily returns, the stocks most correlated with Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) are DUKB (0.49), HYTR (0.41) and SOJF (0.40). 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 JSM?
- Over the past year, the stocks most inversely correlated with Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) are QQDN (-0.28), QQQD (-0.27) and EPV (-0.26). 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 JSM correlations calculated?
- We compute the correlation of daily returns between JSM 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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