Onity Group Inc. (ONIT) — Stock Correlations & Overview
Over the past year, ONIT has moved most closely with MFA, EMBC, KBWD. Explore the stocks most correlated and inversely correlated with ONIT below, along with its price, financials, and company profile.
Stocks correlated with ONIT
Correlation of daily returns. Higher positive values move with ONIT; negative values move opposite it. Informational only, not investment advice.
Most correlated with ONIT
| Symbol | Company | Correlation |
|---|---|---|
| MFA | MFA Financial, IncREAL ESTATE INVESTMENT TRUSTS | 0.53 |
| EMBC | Embecta Corp. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.50 |
| KBWD | Invesco KBW High Dividend Yield Financial ETFINVESTMENT ADVICE | 0.47 |
| AOMR | Angel Oak Mortgage REIT, Inc.REAL ESTATE | 0.43 |
| RITM | Rithm Capital Corp.REAL ESTATE INVESTMENT TRUSTS | 0.42 |
Most inversely correlated with ONIT
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.35 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.31 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.30 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| SDD | ProShares UltraShort SmallCap600 | -0.29 |
Frequently asked questions about ONIT correlations
- Which stocks are most correlated with ONIT?
- Based on one year of daily returns, the stocks most correlated with Onity Group Inc. (ONIT) are MFA (0.53), EMBC (0.50) and KBWD (0.47). 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 ONIT?
- Over the past year, the stocks most inversely correlated with Onity Group Inc. (ONIT) are SKRE (-0.35), HDGE (-0.31) and SCC (-0.30). 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 ONIT correlations calculated?
- We compute the correlation of daily returns between ONIT 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.