Which stocks are most correlated with NCZpA?

Based on one year of daily returns, the stocks most correlated with Virtus Convertible & Income Fund II 5.50% Series A Cumulative Preferred Shares (NCZpA) are MNBD (0.32), CATF (0.30) and MFSM (0.30). 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 NCZpA?

Over the past year, the stocks most inversely correlated with Virtus Convertible & Income Fund II 5.50% Series A Cumulative Preferred Shares (NCZpA) are TBT (-0.21), CPII (-0.21) and PED (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.

Virtus Convertible & Income Fund II 5.50% Series A Cumulative Preferred Shares (NCZpA) — Stock Correlations & Overview

Over the past year, NCZpA has moved most closely with MNBD, CATF, MFSM. Explore the stocks most correlated and inversely correlated with NCZpA below, along with its price, financials, and company profile.

Stocks correlated with NCZpA

Correlation of daily returns. Higher positive values move with NCZpA; negative values move opposite it. Informational only, not investment advice.

Most correlated with NCZpA

Symbol	Company	Correlation
MNBD	ALPS BBH Intermediate Municipal Bond ETF	0.32
CATF	American Century California Municipal Bond ETF	0.30
MFSM	MFS Active Intermediate Muni Bond ETF	0.30
HISF	First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF	0.29
FMB	First Trust Managed Municipal ETF	0.29

Most inversely correlated with NCZpA

Symbol	Company	Correlation
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.21
CPII	American Beacon Ionic Inflation Protection ETF	-0.21
PED	PEDEVCO Corp.CRUDE PETROLEUM & NATURAL GAS	-0.21
CF	CF Industries Holding, Inc.AGRICULTURAL CHEMICALS	-0.21
XOMX	Direxion Shares ETF Trust Direxion Daily XOM Bull 2X ETF	-0.20

Frequently asked questions about NCZpA correlations

Which stocks are most correlated with NCZpA?: Based on one year of daily returns, the stocks most correlated with Virtus Convertible & Income Fund II 5.50% Series A Cumulative Preferred Shares (NCZpA) are MNBD (0.32), CATF (0.30) and MFSM (0.30). 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 NCZpA?: Over the past year, the stocks most inversely correlated with Virtus Convertible & Income Fund II 5.50% Series A Cumulative Preferred Shares (NCZpA) are TBT (-0.21), CPII (-0.21) and PED (-0.21). 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 NCZpA correlations calculated?: We compute the correlation of daily returns between NCZpA 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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