Annaly Capital Management, Inc. 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred Stock (NLYpJ) — Stock Correlations & Overview
Over the past year, NLYpJ has moved most closely with NLYpF, BRHY, RFpE. Explore the stocks most correlated and inversely correlated with NLYpJ below, along with its price, financials, and company profile.
Stocks correlated with NLYpJ
Correlation of daily returns. Higher positive values move with NLYpJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with NLYpJ
| Symbol | Company | Correlation |
|---|---|---|
| NLYpF | Annaly Capital Management, Inc. 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.59 |
| BRHY | BlackRock ETF Trust II iShares High Yield Active ETF | 0.53 |
| 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 | 0.53 |
| NLYpG | Annaly Capital Management, Inc. 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.52 |
| PMTW | PennyMac Mortgage Investment Trust 9.00% Senior Notes due 2030REAL ESTATE INVESTMENT TRUSTS | 0.52 |
Most inversely correlated with NLYpJ
| Symbol | Company | Correlation |
|---|---|---|
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.36 |
| EPV | ProShares UltraShort FTSE Europe | -0.29 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.28 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.28 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.28 |
Frequently asked questions about NLYpJ correlations
- Which stocks are most correlated with NLYpJ?
- Based on one year of daily returns, the stocks most correlated with Annaly Capital Management, Inc. 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred Stock (NLYpJ) are NLYpF (0.59), BRHY (0.53) and RFpE (0.53). 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 NLYpJ?
- Over the past year, the stocks most inversely correlated with Annaly Capital Management, Inc. 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred Stock (NLYpJ) are FLYE (-0.36), EPV (-0.29) and PST (-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 NLYpJ correlations calculated?
- We compute the correlation of daily returns between NLYpJ 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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