NewtekOne, Inc. 8.625% Fixed Rate Senior Notes due 2029 (NEWTH) — Stock Correlations & Overview
Over the past year, NEWTH has moved most closely with CMREpC, CVV, PMAX. Explore the stocks most correlated and inversely correlated with NEWTH below, along with its price, financials, and company profile.
Stocks correlated with NEWTH
Correlation of daily returns. Higher positive values move with NEWTH; negative values move opposite it. Informational only, not investment advice.
Most correlated with NEWTH
| Symbol | Company | Correlation |
|---|---|---|
| CMREpC | COSTAMARE INC. 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.0001 par value | 0.34 |
| CVV | CVD Equipment Corp.SPECIAL INDUSTRY MACHINERY, NEC | 0.28 |
| PMAX | Powell Max Limited Class A Ordinary Shares | 0.24 |
| TTAM | Titan America SA | 0.24 |
| WFC | Wells Fargo & Co.NATIONAL COMMERCIAL BANKS | 0.24 |
Most inversely correlated with NEWTH
| Symbol | Company | Correlation |
|---|---|---|
| SNAL | Snail, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | -0.26 |
| ROLR | High Roller Technologies, Inc.SERVICES-AMUSEMENT & RECREATION SERVICES | -0.24 |
| SHPH | Shuttle Pharmaceuticals Holdings, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.22 |
| GSIW | Garden Stage Limited Class A Ordinary Shares | -0.20 |
| AQMS | Aqua Metals, Inc. Common StockSECONDARY SMELTING & REFINING OF NONFERROUS METALS | -0.18 |
Frequently asked questions about NEWTH correlations
- Which stocks are most correlated with NEWTH?
- Based on one year of daily returns, the stocks most correlated with NewtekOne, Inc. 8.625% Fixed Rate Senior Notes due 2029 (NEWTH) are CMREpC (0.34), CVV (0.28) and PMAX (0.24). 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 NEWTH?
- Over the past year, the stocks most inversely correlated with NewtekOne, Inc. 8.625% Fixed Rate Senior Notes due 2029 (NEWTH) are SNAL (-0.26), ROLR (-0.24) and SHPH (-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 NEWTH correlations calculated?
- We compute the correlation of daily returns between NEWTH 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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