Belpointe PREP, LLC Class A Units (OZ) — Stock Correlations & Overview
Over the past year, OZ has moved most closely with AZYY, TSYY, OTLK. Explore the stocks most correlated and inversely correlated with OZ below, along with its price, financials, and company profile.
Stocks correlated with OZ
Correlation of daily returns. Higher positive values move with OZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with OZ
| Symbol | Company | Correlation |
|---|---|---|
| AZYY | GraniteShares YieldBoost AMZN ETF | 0.23 |
| TSYY | GraniteShares YieldBOOST TSLA ETF | 0.23 |
| OTLK | Outlook Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.22 |
| MAGY | Roundhill Magnificent Seven Covered Call ETF | 0.22 |
| XERS | Xeris Biopharma Holdings, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.21 |
Most inversely correlated with OZ
| Symbol | Company | Correlation |
|---|---|---|
| OXLCZ | Oxford Lane Capital Corp. 5.00% Notes due 2027 | -0.21 |
| UAVS | AgEagle Aerial Systems, Inc.AIRCRAFT | -0.19 |
| ABRpE | Arbor Realty Trust, Inc. 6.25% Series E Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.19 |
| TAP | Molson Coors Beverage Company Class BMALT BEVERAGES | -0.19 |
| DKL | DELEK LOGISTICS PARTNERS, LPPIPE LINES (NO NATURAL GAS) | -0.18 |
Frequently asked questions about OZ correlations
- Which stocks are most correlated with OZ?
- Based on one year of daily returns, the stocks most correlated with Belpointe PREP, LLC Class A Units (OZ) are AZYY (0.23), TSYY (0.23) and OTLK (0.22). 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 OZ?
- Over the past year, the stocks most inversely correlated with Belpointe PREP, LLC Class A Units (OZ) are OXLCZ (-0.21), UAVS (-0.19) and ABRpE (-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 OZ correlations calculated?
- We compute the correlation of daily returns between OZ 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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