New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ) — Stock Correlations & Overview
Over the past year, NMFCZ has moved most closely with MITP, MITN, MFAN. Explore the stocks most correlated and inversely correlated with NMFCZ below, along with its price, financials, and company profile.
Stocks correlated with NMFCZ
Correlation of daily returns. Higher positive values move with NMFCZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with NMFCZ
| Symbol | Company | Correlation |
|---|---|---|
| MITP | TPG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS | 0.62 |
| MITN | TPG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS | 0.59 |
| MFAN | MFA Financial IncREAL ESTATE INVESTMENT TRUSTS | 0.58 |
| PMTV | PennyMac Mortgage Investment Trust 9.00% Senior Notes due 2030REAL ESTATE INVESTMENT TRUSTS | 0.57 |
| RITMpD | Rithm Capital Corp. 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.56 |
Most inversely correlated with NMFCZ
| Symbol | Company | Correlation |
|---|---|---|
| HKD | AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) | -0.34 |
| FCUV | Focus Universal Inc. Common StockINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | -0.28 |
| BHF | Brighthouse Financial, Inc.LIFE INSURANCE | -0.25 |
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.24 |
| VZ | Verizon CommunicationsTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | -0.24 |
Frequently asked questions about NMFCZ correlations
- Which stocks are most correlated with NMFCZ?
- Based on one year of daily returns, the stocks most correlated with New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ) are MITP (0.62), MITN (0.59) and MFAN (0.58). 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 NMFCZ?
- Over the past year, the stocks most inversely correlated with New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ) are HKD (-0.34), FCUV (-0.28) and BHF (-0.25). 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 NMFCZ correlations calculated?
- We compute the correlation of daily returns between NMFCZ 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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