TPG Mortgage Investment Trust, Inc. 8.00% Series B Cumulative Redeemable Preferred Stock (MITTpB) — Stock Correlations & Overview
Over the past year, MITTpB has moved most closely with MITTpC, MITTpA, PFFA. Explore the stocks most correlated and inversely correlated with MITTpB below, along with its price, financials, and company profile.
Stocks correlated with MITTpB
Correlation of daily returns. Higher positive values move with MITTpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with MITTpB
| Symbol | Company | Correlation |
|---|---|---|
| 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 | 0.47 |
| MITTpA | TPG Mortgage Investment Trust, Inc. 8.25% Series A Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.46 |
| PFFA | Virtus InfraCap U.S. Preferred Stock ETF | 0.39 |
| CIMpA | Chimera Investment Corporation 8.00% Series A Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.39 |
| FFA | First Trust Enhanced Equity Income Fund. | 0.36 |
Most inversely correlated with MITTpB
| Symbol | Company | Correlation |
|---|---|---|
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | -0.46 |
| EPV | ProShares UltraShort FTSE Europe | -0.32 |
| ANNAW | AleAnna, Inc. WarrantCRUDE PETROLEUM & NATURAL GAS | -0.30 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.29 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.29 |
Frequently asked questions about MITTpB correlations
- Which stocks are most correlated with MITTpB?
- Based on one year of daily returns, the stocks most correlated with TPG Mortgage Investment Trust, Inc. 8.00% Series B Cumulative Redeemable Preferred Stock (MITTpB) are MITTpC (0.47), MITTpA (0.46) and PFFA (0.39). 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 MITTpB?
- Over the past year, the stocks most inversely correlated with TPG Mortgage Investment Trust, Inc. 8.00% Series B Cumulative Redeemable Preferred Stock (MITTpB) are ANNA (-0.46), EPV (-0.32) and ANNAW (-0.30). 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 MITTpB correlations calculated?
- We compute the correlation of daily returns between MITTpB 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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