Which stocks are most correlated with NEWTG?

Based on one year of daily returns, the stocks most correlated with NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 (NEWTG) are MITTpC (0.42), NEEpU (0.39) and XPOF (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 NEWTG?

Over the past year, the stocks most inversely correlated with NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 (NEWTG) are TBBB (-0.23), FAMI (-0.23) and GGLS (-0.22). A negative correlation means the two stocks have tended to move in opposite directions.

NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 (NEWTG) — Stock Correlations & Overview

Over the past year, NEWTG has moved most closely with MITTpC, NEEpU, XPOF. Explore the stocks most correlated and inversely correlated with NEWTG below, along with its price, financials, and company profile.

Stocks correlated with NEWTG

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

Most correlated with NEWTG

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	0.42
NEEpU	NextEra Energy Capital Holdings, Inc. Series U Junior Subordinated Debentures due June 1, 2085ELECTRIC SERVICES	0.39
XPOF	Xponential Fitness, Inc.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION	0.32
DNA	Ginkgo Bioworks Holdings, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.30
SOJC	The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES	0.28

Most inversely correlated with NEWTG

Symbol	Company	Correlation
TBBB	BBB Foods Inc.	-0.23
FAMI	Farmmi, Inc. Class A Ordinary Shares	-0.23
GGLS	Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF	-0.22
DURA	VanEck Durable High Dividend ETF	-0.21
YDDL	One and One Green Technologies. Inc Class A Ordinary Shares	-0.20

Frequently asked questions about NEWTG correlations

Which stocks are most correlated with NEWTG?: Based on one year of daily returns, the stocks most correlated with NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 (NEWTG) are MITTpC (0.42), NEEpU (0.39) and XPOF (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 NEWTG?: Over the past year, the stocks most inversely correlated with NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 2029 (NEWTG) are TBBB (-0.23), FAMI (-0.23) and GGLS (-0.22). 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 NEWTG correlations calculated?: We compute the correlation of daily returns between NEWTG 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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