MAIDEN HOLDINGS NORTH AMERICA, LTD (MHNC) — Stock Correlations & Overview
Over the past year, MHNC has moved most closely with MHLA, TCX, BUSEP. Explore the stocks most correlated and inversely correlated with MHNC below, along with its price, financials, and company profile.
Stocks correlated with MHNC
Correlation of daily returns. Higher positive values move with MHNC; negative values move opposite it. Informational only, not investment advice.
Most correlated with MHNC
| Symbol | Company | Correlation |
|---|---|---|
| MHLA | Maiden Holdings, Ltd.FIRE, MARINE & CASUALTY INSURANCE | 0.34 |
| TCX | Tucows, IncSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.32 |
| BUSEP | First Busey Corporation Depositary Shares, Each Representing a 1/40thInterest in a Share of 8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | 0.32 |
| FCUV | Focus Universal Inc. Common StockINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | 0.30 |
| RWTP | Redwood Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.29 |
Most inversely correlated with MHNC
| Symbol | Company | Correlation |
|---|---|---|
| BIOA | BioAge Labs, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.40 |
| KPTI | Karyopharm Therapeutics Inc.PHARMACEUTICAL PREPARATIONS | -0.36 |
| RDTL | GraniteShares 2x Long RDDT Daily ETF | -0.34 |
| RDYY | YieldMax RDDT Option Income Strategy ETF | -0.33 |
| RDDT | Reddit, Inc.SERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.33 |
Frequently asked questions about MHNC correlations
- Which stocks are most correlated with MHNC?
- Based on one year of daily returns, the stocks most correlated with MAIDEN HOLDINGS NORTH AMERICA, LTD (MHNC) are MHLA (0.34), TCX (0.32) and BUSEP (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 MHNC?
- Over the past year, the stocks most inversely correlated with MAIDEN HOLDINGS NORTH AMERICA, LTD (MHNC) are BIOA (-0.40), KPTI (-0.36) and RDTL (-0.34). 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 MHNC correlations calculated?
- We compute the correlation of daily returns between MHNC 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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