PennyMac Mortgage Investment Trust 8.50% Senior Notes due 2028 (PMTU) — Stock Correlations & Overview
Over the past year, PMTU has moved most closely with ADAMG, ADAMH, OXLCI. Explore the stocks most correlated and inversely correlated with PMTU below, along with its price, financials, and company profile.
Stocks correlated with PMTU
Correlation of daily returns. Higher positive values move with PMTU; negative values move opposite it. Informational only, not investment advice.
Most correlated with PMTU
| Symbol | Company | Correlation |
|---|---|---|
| ADAMG | Adamas Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.35 |
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.34 |
| OXLCI | Oxford Lane Capital Corp. 8.75% Notes due 2030 | 0.31 |
| VLYPP | Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series ANATIONAL COMMERCIAL BANKS | 0.30 |
| ADAMI | Adamas Trust, Inc. 9.125% Senior Notes Due 2029REAL ESTATE INVESTMENT TRUSTS | 0.30 |
Most inversely correlated with PMTU
| Symbol | Company | Correlation |
|---|---|---|
| PRLD | Prelude Therapeutics IncorporatedPHARMACEUTICAL PREPARATIONS | -0.23 |
| MD | Pediatrix Medical Group, Inc.SERVICES-HOSPITALS | -0.22 |
| LIQT | LiqTech International, Inc.MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT | -0.22 |
| PLAG | Planet Green Holdings Corp.CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | -0.22 |
| HOVNP | Hovnanian Enterprises Inc. Dep Shr Srs A PfdOPERATIVE BUILDERS | -0.21 |
Frequently asked questions about PMTU correlations
- Which stocks are most correlated with PMTU?
- Based on one year of daily returns, the stocks most correlated with PennyMac Mortgage Investment Trust 8.50% Senior Notes due 2028 (PMTU) are ADAMG (0.35), ADAMH (0.34) and OXLCI (0.31). 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 PMTU?
- Over the past year, the stocks most inversely correlated with PennyMac Mortgage Investment Trust 8.50% Senior Notes due 2028 (PMTU) are PRLD (-0.23), MD (-0.22) and LIQT (-0.22). 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 PMTU correlations calculated?
- We compute the correlation of daily returns between PMTU 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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