PennyMac Financial Services, Inc. Common Stock (PFSI) — Stock Correlations & Overview
Over the past year, PFSI has moved most closely with PMT, CVCO, RITM. Explore the stocks most correlated and inversely correlated with PFSI below, along with its price, financials, and company profile.
Stocks correlated with PFSI
Correlation of daily returns. Higher positive values move with PFSI; negative values move opposite it. Informational only, not investment advice.
Most correlated with PFSI
| Symbol | Company | Correlation |
|---|---|---|
| PMT | PennyMac Mortgage Investment TrustREAL ESTATE INVESTMENT TRUSTS | 0.65 |
| CVCO | Cavco Industries Inc.MOBILE HOMES | 0.63 |
| RITM | Rithm Capital Corp.REAL ESTATE INVESTMENT TRUSTS | 0.58 |
| RKT | Rocket Companies, Inc.MORTGAGE BANKERS & LOAN CORRESPONDENTS | 0.56 |
| MORT | VanEck Mortgage REIT Income ETF | 0.52 |
Most inversely correlated with PFSI
| Symbol | Company | Correlation |
|---|---|---|
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.49 |
| ELPW | Elong Power Holding Limited Class A Ordinary Shares | -0.46 |
| TPST | Tempest Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.38 |
| VIVS | VivoSim Labs, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.32 |
| VZ | Verizon CommunicationsTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | -0.31 |
Frequently asked questions about PFSI correlations
- Which stocks are most correlated with PFSI?
- Based on one year of daily returns, the stocks most correlated with PennyMac Financial Services, Inc. Common Stock (PFSI) are PMT (0.65), CVCO (0.63) and RITM (0.58). 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 PFSI?
- Over the past year, the stocks most inversely correlated with PennyMac Financial Services, Inc. Common Stock (PFSI) are PHOE (-0.49), ELPW (-0.46) and TPST (-0.38). 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 PFSI correlations calculated?
- We compute the correlation of daily returns between PFSI 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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