Which stocks are most correlated with NXP?

Based on one year of daily returns, the stocks most correlated with NUVEEN SELECT TAX-FREE INC (NXP) are NAD (0.59), XMPT (0.57) and RTAI (0.56). 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 NXP?

Over the past year, the stocks most inversely correlated with NUVEEN SELECT TAX-FREE INC (NXP) are TYO (-0.40), PST (-0.37) and TBX (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

NUVEEN SELECT TAX-FREE INC (NXP) — Stock Correlations & Overview

Over the past year, NXP has moved most closely with NAD, XMPT, RTAI. Explore the stocks most correlated and inversely correlated with NXP below, along with its price, financials, and company profile.

Stocks correlated with NXP

Correlation of daily returns. Higher positive values move with NXP; negative values move opposite it. Informational only, not investment advice.

Most correlated with NXP

Symbol	Company	Correlation
NAD	Nuveen Quality Municipal Income Fund	0.59
XMPT	VanEck CEF Muni Income ETF	0.57
RTAI	Rareview Tax Advantaged Income ETF	0.56
IQI	INVESCO QUALITY MUNICIPAL SECURITIES	0.56
NVG	Nuveen AMT-Free Municipal Credit Income Fund	0.56

Most inversely correlated with NXP

Symbol	Company	Correlation
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.40
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.37
TBX	ProShares Short 7-10 Year Treasury	-0.35
EFU	ProShares Trust UltraShort MSCI EAFE	-0.34
EPV	ProShares UltraShort FTSE Europe	-0.34

Frequently asked questions about NXP correlations

Which stocks are most correlated with NXP?: Based on one year of daily returns, the stocks most correlated with NUVEEN SELECT TAX-FREE INC (NXP) are NAD (0.59), XMPT (0.57) and RTAI (0.56). 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 NXP?: Over the past year, the stocks most inversely correlated with NUVEEN SELECT TAX-FREE INC (NXP) are TYO (-0.40), PST (-0.37) and TBX (-0.35). 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 NXP correlations calculated?: We compute the correlation of daily returns between NXP 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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