NexPoint Real Estate Finance, Inc. 8.50% Series A Cumulative Redeemable Preferred Stock (NREFpA) — Stock Correlations & Overview
Over the past year, NREFpA has moved most closely with BMEA, MSGM, RBC. Explore the stocks most correlated and inversely correlated with NREFpA below, along with its price, financials, and company profile.
Stocks correlated with NREFpA
Correlation of daily returns. Higher positive values move with NREFpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with NREFpA
| Symbol | Company | Correlation |
|---|---|---|
| BMEA | Biomea Fusion, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.28 |
| MSGM | Motorsport Games Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.27 |
| RBC | RBC Bearings IncorporatedBALL & ROLLER BEARINGS | 0.26 |
| BBWI | Bath & Body Works, Inc.RETAIL-RETAIL STORES, NEC | 0.26 |
| KRRO | Korro Bio, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.25 |
Most inversely correlated with NREFpA
| Symbol | Company | Correlation |
|---|---|---|
| ANNAW | AleAnna, Inc. WarrantCRUDE PETROLEUM & NATURAL GAS | -0.21 |
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.20 |
| DOG | ProShares Short Dow30 | -0.20 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.20 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.20 |
Frequently asked questions about NREFpA correlations
- Which stocks are most correlated with NREFpA?
- Based on one year of daily returns, the stocks most correlated with NexPoint Real Estate Finance, Inc. 8.50% Series A Cumulative Redeemable Preferred Stock (NREFpA) are BMEA (0.28), MSGM (0.27) and RBC (0.26). 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 NREFpA?
- Over the past year, the stocks most inversely correlated with NexPoint Real Estate Finance, Inc. 8.50% Series A Cumulative Redeemable Preferred Stock (NREFpA) are ANNAW (-0.21), VIXM (-0.20) and DOG (-0.20). 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 NREFpA correlations calculated?
- We compute the correlation of daily returns between NREFpA 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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