National Healthcare Properties, Inc. 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (NHPAP) — Stock Correlations & Overview
Over the past year, NHPAP has moved most closely with NHPBP, OPRT, BBDC. Explore the stocks most correlated and inversely correlated with NHPAP below, along with its price, financials, and company profile.
Stocks correlated with NHPAP
Correlation of daily returns. Higher positive values move with NHPAP; negative values move opposite it. Informational only, not investment advice.
Most correlated with NHPAP
| Symbol | Company | Correlation |
|---|---|---|
| NHPBP | National Healthcare Properties, Inc. 7.125% Series B Cumulative Redeemable Perpetual Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.56 |
| OPRT | Oportun Financial Corporation Common StockFINANCE SERVICES | 0.34 |
| BBDC | Barings BDC, Inc. | 0.30 |
| WYHG | Wing Yip Food Holdings Group Limited American Depositary Shares | 0.29 |
| XHLD | TEN Holdings, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC | 0.28 |
Most inversely correlated with NHPAP
| Symbol | Company | Correlation |
|---|---|---|
| YXT | YXT.COM GROUP HOLDING LIMITED American Depository Shares | -0.30 |
| TDUP | ThredUp Inc. Class A Common StockRETAIL-CATALOG & MAIL-ORDER HOUSES | -0.30 |
| ATS | ATS Corporation | -0.28 |
| CMRC | Commerce.com, Inc. Series 1 Common StockSERVICES-PREPACKAGED SOFTWARE | -0.25 |
| UWMC | UWM Holdings CorporationMORTGAGE BANKERS & LOAN CORRESPONDENTS | -0.25 |
Frequently asked questions about NHPAP correlations
- Which stocks are most correlated with NHPAP?
- Based on one year of daily returns, the stocks most correlated with National Healthcare Properties, Inc. 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (NHPAP) are NHPBP (0.56), OPRT (0.34) and BBDC (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 NHPAP?
- Over the past year, the stocks most inversely correlated with National Healthcare Properties, Inc. 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (NHPAP) are YXT (-0.30), TDUP (-0.30) and ATS (-0.28). 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 NHPAP correlations calculated?
- We compute the correlation of daily returns between NHPAP 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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