National Healthcare Properties, Inc. 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock (NHPBP) — Stock Correlations & Overview
Over the past year, NHPBP has moved most closely with NHPAP, WYHG, OPRT. Explore the stocks most correlated and inversely correlated with NHPBP below, along with its price, financials, and company profile.
Stocks correlated with NHPBP
Correlation of daily returns. Higher positive values move with NHPBP; negative values move opposite it. Informational only, not investment advice.
Most correlated with NHPBP
| Symbol | Company | Correlation |
|---|---|---|
| NHPAP | National Healthcare Properties, Inc. 7.375% Series A Cumulative Redeemable Perpetual Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.56 |
| WYHG | Wing Yip Food Holdings Group Limited American Depositary Shares | 0.34 |
| OPRT | Oportun Financial Corporation Common StockFINANCE SERVICES | 0.32 |
| BBDC | Barings BDC, Inc. | 0.31 |
| KRO | Kronos Worldwide, Inc.INDUSTRIAL INORGANIC CHEMICALS | 0.31 |
Most inversely correlated with NHPBP
| Symbol | Company | Correlation |
|---|---|---|
| TDUP | ThredUp Inc. Class A Common StockRETAIL-CATALOG & MAIL-ORDER HOUSES | -0.32 |
| YXT | YXT.COM GROUP HOLDING LIMITED American Depository Shares | -0.31 |
| UWMC | UWM Holdings CorporationMORTGAGE BANKERS & LOAN CORRESPONDENTS | -0.30 |
| ATS | ATS Corporation | -0.27 |
| CMRC | Commerce.com, Inc. Series 1 Common StockSERVICES-PREPACKAGED SOFTWARE | -0.27 |
Frequently asked questions about NHPBP correlations
- Which stocks are most correlated with NHPBP?
- Based on one year of daily returns, the stocks most correlated with National Healthcare Properties, Inc. 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock (NHPBP) are NHPAP (0.56), WYHG (0.34) and OPRT (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 NHPBP?
- Over the past year, the stocks most inversely correlated with National Healthcare Properties, Inc. 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock (NHPBP) are TDUP (-0.32), YXT (-0.31) and UWMC (-0.30). 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 NHPBP correlations calculated?
- We compute the correlation of daily returns between NHPBP 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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