TPG Mortgage Investment Trust, Inc. 8.25% Series A Cumulative Redeemable Preferred Stock (MITTpA) — Stock Correlations & Overview
Over the past year, MITTpA has moved most closely with MITTpB, MITTpC, STAX. Explore the stocks most correlated and inversely correlated with MITTpA below, along with its price, financials, and company profile.
Stocks correlated with MITTpA
Correlation of daily returns. Higher positive values move with MITTpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with MITTpA
| Symbol | Company | Correlation |
|---|---|---|
| MITTpB | TPG Mortgage Investment Trust, Inc. 8.00% Series B Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.46 |
| MITTpC | TPG Mortgage Investment Trust, Inc. 8.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per shareREAL ESTATE INVESTMENT TRUSTS | 0.32 |
| STAX | Nomura Tax-Free USA Short Term ETF | 0.31 |
| FBRTpE | Franklin BSP Realty Trust, Inc. 7.50% Series E Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.29 |
| AFGB | American Financial Group, Inc. 5.875% Subordinated Debentures due 2059FIRE, MARINE & CASUALTY INSURANCE | 0.28 |
Most inversely correlated with MITTpA
| Symbol | Company | Correlation |
|---|---|---|
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | -0.32 |
| ANNAW | AleAnna, Inc. WarrantCRUDE PETROLEUM & NATURAL GAS | -0.25 |
| DELL | Dell Technologies Inc.ELECTRONIC COMPUTERS | -0.24 |
| DLLL | GraniteShares 2x Long DELL Daily ETF | -0.23 |
| GLNG | Golar LNG Ltd | -0.21 |
Frequently asked questions about MITTpA correlations
- Which stocks are most correlated with MITTpA?
- Based on one year of daily returns, the stocks most correlated with TPG Mortgage Investment Trust, Inc. 8.25% Series A Cumulative Redeemable Preferred Stock (MITTpA) are MITTpB (0.46), MITTpC (0.32) and STAX (0.31). 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 MITTpA?
- Over the past year, the stocks most inversely correlated with TPG Mortgage Investment Trust, Inc. 8.25% Series A Cumulative Redeemable Preferred Stock (MITTpA) are ANNA (-0.32), ANNAW (-0.25) and DELL (-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 MITTpA correlations calculated?
- We compute the correlation of daily returns between MITTpA 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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