Annaly Capital Management, Inc. 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NLYpG) — Stock Correlations & Overview
Over the past year, NLYpG has moved most closely with NLYpF, NLYpI, NLYpJ. Explore the stocks most correlated and inversely correlated with NLYpG below, along with its price, financials, and company profile.
Stocks correlated with NLYpG
Correlation of daily returns. Higher positive values move with NLYpG; negative values move opposite it. Informational only, not investment advice.
Most correlated with NLYpG
| Symbol | Company | Correlation |
|---|---|---|
| NLYpF | Annaly Capital Management, Inc. 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.60 |
| NLYpI | Annaly Capital Management, Inc. 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.52 |
| NLYpJ | Annaly Capital Management, Inc. 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.51 |
| CIMpB | Chimera Investment Corporation 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.50 |
| RFpE | Regions Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.45% Non-Cumulative Perpetual Preferred Stock, Series ENATIONAL COMMERCIAL BANKS | 0.50 |
Most inversely correlated with NLYpG
| Symbol | Company | Correlation |
|---|---|---|
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | -0.28 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.28 |
| EPV | ProShares UltraShort FTSE Europe | -0.27 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.27 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
Frequently asked questions about NLYpG correlations
- Which stocks are most correlated with NLYpG?
- Based on one year of daily returns, the stocks most correlated with Annaly Capital Management, Inc. 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NLYpG) are NLYpF (0.60), NLYpI (0.52) and NLYpJ (0.51). 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 NLYpG?
- Over the past year, the stocks most inversely correlated with Annaly Capital Management, Inc. 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NLYpG) are TPET (-0.28), SCC (-0.28) and EPV (-0.27). 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 NLYpG correlations calculated?
- We compute the correlation of daily returns between NLYpG 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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