NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP) — Stock Correlations & Overview
Over the past year, NEWTP has moved most closely with REGCP, HWBK, CPBI. Explore the stocks most correlated and inversely correlated with NEWTP below, along with its price, financials, and company profile.
Stocks correlated with NEWTP
Correlation of daily returns. Higher positive values move with NEWTP; negative values move opposite it. Informational only, not investment advice.
Most correlated with NEWTP
| Symbol | Company | Correlation |
|---|---|---|
| REGCP | Regency Centers Corporation 6.25% Series A Cumulative Redeemable Preferred StockREAL ESTATE | 0.27 |
| HWBK | Hawthorn Bancshars Inc.NATIONAL COMMERCIAL BANKS | 0.27 |
| CPBI | Central Plains Bancshares, Inc. Common StockSAVINGS INSTITUTION, FEDERALLY CHARTERED | 0.25 |
| RBCAA | Republic Bancorp Inc/KYSTATE COMMERCIAL BANKS | 0.23 |
| RKDA | Arcadia Biosciences, Inc.CRUDE PETROLEUM & NATURAL GAS | 0.23 |
Most inversely correlated with NEWTP
| Symbol | Company | Correlation |
|---|---|---|
| HARD | Simplify Commodities Strategy No K-1 ETF | -0.21 |
| TAOP | Taoping Inc. BVI Ordinary Shares (0 par) | -0.19 |
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | -0.18 |
| CANE | Teucrium Sugar FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.17 |
| RSBY | Return Stacked Bonds & Futures Yield ETF | -0.17 |
Frequently asked questions about NEWTP correlations
- Which stocks are most correlated with NEWTP?
- Based on one year of daily returns, the stocks most correlated with NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP) are REGCP (0.27), HWBK (0.27) and CPBI (0.25). 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 NEWTP?
- Over the past year, the stocks most inversely correlated with NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B (NEWTP) are HARD (-0.21), TAOP (-0.19) and ANNA (-0.18). 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 NEWTP correlations calculated?
- We compute the correlation of daily returns between NEWTP 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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