NexPoint Diversified Real Estate Trust 5.50% Series A Cumulative Preferred Shares ($25.00 liquidation preference per share) (NXDTpA) — Stock Correlations & Overview
Over the past year, NXDTpA has moved most closely with WIW, DMO, OPP. Explore the stocks most correlated and inversely correlated with NXDTpA below, along with its price, financials, and company profile.
Stocks correlated with NXDTpA
Correlation of daily returns. Higher positive values move with NXDTpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with NXDTpA
| Symbol | Company | Correlation |
|---|---|---|
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | 0.29 |
| DMO | Western Asset Mortgage Opportunity Fund Inc. | 0.29 |
| OPP | RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | 0.28 |
| HYSA | BondBloxx USD High Yield Bond Sector Rotation ETF | 0.28 |
| VGHY | Vanguard High-Yield Active ETF | 0.27 |
Most inversely correlated with NXDTpA
| Symbol | Company | Correlation |
|---|---|---|
| UYLD | Angel Oak UltraShort Income ETF | -0.30 |
| SHOpH | Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred StockHOTELS & MOTELS | -0.26 |
| CGUI | Capital Group Ultra Short Income ETF | -0.21 |
| ARCM | Arrow Reserve Capital Management ETF | -0.21 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.21 |
Frequently asked questions about NXDTpA correlations
- Which stocks are most correlated with NXDTpA?
- Based on one year of daily returns, the stocks most correlated with NexPoint Diversified Real Estate Trust 5.50% Series A Cumulative Preferred Shares ($25.00 liquidation preference per share) (NXDTpA) are WIW (0.29), DMO (0.29) and OPP (0.28). 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 NXDTpA?
- Over the past year, the stocks most inversely correlated with NexPoint Diversified Real Estate Trust 5.50% Series A Cumulative Preferred Shares ($25.00 liquidation preference per share) (NXDTpA) are UYLD (-0.30), SHOpH (-0.26) and CGUI (-0.21). 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 NXDTpA correlations calculated?
- We compute the correlation of daily returns between NXDTpA 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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