RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.4.75% Series B Cumulative Preferred Stock (OPPpB) — Stock Correlations & Overview
Over the past year, OPPpB has moved most closely with OPPpA, KKRS, WRBpF. Explore the stocks most correlated and inversely correlated with OPPpB below, along with its price, financials, and company profile.
Stocks correlated with OPPpB
Correlation of daily returns. Higher positive values move with OPPpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with OPPpB
| Symbol | Company | Correlation |
|---|---|---|
| OPPpA | RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. 4.375% Series A Cumulative Preferred Stock | 0.30 |
| KKRS | KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061INVESTMENT ADVICE | 0.29 |
| WRBpF | W.R. Berkley Corporation 5.10% Subordinated Debentures due 2059FIRE, MARINE & CASUALTY INSURANCE | 0.28 |
| REXRpB | Rexford Industrial Realty, Inc. 5.875% Series B Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.28 |
| PSApG | Public Storage Depositary Shares, Each Representing 1/1,000 of a 5.05% Cumulative Preferred Share of Beneficial Interest, Series GREAL ESTATE INVESTMENT TRUSTS | 0.28 |
Most inversely correlated with OPPpB
| Symbol | Company | Correlation |
|---|---|---|
| LXPpC | LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.19 |
| DLNG | DYNAGAS LNG PARNERS LP | -0.19 |
| NSC | Norfolk Southern Corp.RAILROADS, LINE-HAUL OPERATING | -0.19 |
| CANE | Teucrium Sugar FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.19 |
| AHTpD | Ashford Hospitality Trust, Inc. 8.45% Series DREAL ESTATE INVESTMENT TRUSTS | -0.18 |
Frequently asked questions about OPPpB correlations
- Which stocks are most correlated with OPPpB?
- Based on one year of daily returns, the stocks most correlated with RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.4.75% Series B Cumulative Preferred Stock (OPPpB) are OPPpA (0.30), KKRS (0.29) and WRBpF (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 OPPpB?
- Over the past year, the stocks most inversely correlated with RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.4.75% Series B Cumulative Preferred Stock (OPPpB) are LXPpC (-0.19), DLNG (-0.19) and NSC (-0.19). 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 OPPpB correlations calculated?
- We compute the correlation of daily returns between OPPpB 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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