PennyMac Mortgage Investment Trust 9.00% Senior Notes due 2030 (PMTW) — Stock Correlations & Overview
Over the past year, PMTW has moved most closely with NLYpJ, APOS, RCD. Explore the stocks most correlated and inversely correlated with PMTW below, along with its price, financials, and company profile.
Stocks correlated with PMTW
Correlation of daily returns. Higher positive values move with PMTW; negative values move opposite it. Informational only, not investment advice.
Most correlated with PMTW
| Symbol | Company | Correlation |
|---|---|---|
| NLYpJ | Annaly Capital Management, Inc. 8.875% Series J Fixed-Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.53 |
| APOS | Apollo Global Management, Inc. 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053INVESTMENT ADVICE | 0.51 |
| RCD | Ready Capital Corporation 9.00% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS | 0.51 |
| MFICL | MidCap Financial Investment Corporation 8.00% Notes due 2028 | 0.50 |
| NLYpI | Annaly Capital Management, Inc. 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.50 |
Most inversely correlated with PMTW
| Symbol | Company | Correlation |
|---|---|---|
| TGHL | The GrowHub Limited Class A Ordinary Shares | -0.31 |
| XOMO | YieldMax XOM Option Income Strategy ETF | -0.30 |
| XOM | ExxonMobil Holdings CorporationPETROLEUM REFINING | -0.29 |
| XOMX | Direxion Shares ETF Trust Direxion Daily XOM Bull 2X ETF | -0.28 |
| JZ | Jianzhi Education Technology Group Company Limited American Depositary Shares | -0.27 |
Frequently asked questions about PMTW correlations
- Which stocks are most correlated with PMTW?
- Based on one year of daily returns, the stocks most correlated with PennyMac Mortgage Investment Trust 9.00% Senior Notes due 2030 (PMTW) are NLYpJ (0.53), APOS (0.51) and RCD (0.51). 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 PMTW?
- Over the past year, the stocks most inversely correlated with PennyMac Mortgage Investment Trust 9.00% Senior Notes due 2030 (PMTW) are TGHL (-0.31), XOMO (-0.30) and XOM (-0.29). 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 PMTW correlations calculated?
- We compute the correlation of daily returns between PMTW 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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