Which stocks are most correlated with PMT?

Based on one year of daily returns, the stocks most correlated with PennyMac Mortgage Investment Trust (PMT) are PFSI (0.65), REM (0.60) and DVDN (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 PMT?

Over the past year, the stocks most inversely correlated with PennyMac Mortgage Investment Trust (PMT) are SDD (-0.32), SBB (-0.32) and DWSH (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

PennyMac Mortgage Investment Trust (PMT) — Stock Correlations & Overview

Over the past year, PMT has moved most closely with PFSI, REM, DVDN. Explore the stocks most correlated and inversely correlated with PMT below, along with its price, financials, and company profile.

Stocks correlated with PMT

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

Most correlated with PMT

Symbol	Company	Correlation
PFSI	PennyMac Financial Services, Inc. Common StockMORTGAGE BANKERS & LOAN CORRESPONDENTS	0.65
REM	iShares Mortgage Real Estate ETF	0.60
DVDN	Kingsbarn Dividend Opportunity ETF	0.58
MORT	VanEck Mortgage REIT Income ETF	0.56
KBWD	Invesco KBW High Dividend Yield Financial ETFINVESTMENT ADVICE	0.55

Most inversely correlated with PMT

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.32
SBB	ProShares Short SmallCap600	-0.32
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.32
PHOE	Phoenix Asia Holdings Limited Ordinary Shares	-0.31
MYY	ProShares Short MidCap400	-0.29

Frequently asked questions about PMT correlations

Which stocks are most correlated with PMT?: Based on one year of daily returns, the stocks most correlated with PennyMac Mortgage Investment Trust (PMT) are PFSI (0.65), REM (0.60) and DVDN (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 PMT?: Over the past year, the stocks most inversely correlated with PennyMac Mortgage Investment Trust (PMT) are SDD (-0.32), SBB (-0.32) and DWSH (-0.32). 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 PMT correlations calculated?: We compute the correlation of daily returns between PMT 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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