PennyMac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest (PMTpC) — Stock Correlations & Overview
Over the past year, PMTpC has moved most closely with PMTpB, CIMpB, STTpG. Explore the stocks most correlated and inversely correlated with PMTpC below, along with its price, financials, and company profile.
Stocks correlated with PMTpC
Correlation of daily returns. Higher positive values move with PMTpC; negative values move opposite it. Informational only, not investment advice.
Most correlated with PMTpC
| Symbol | Company | Correlation |
|---|---|---|
| PMTpB | PennyMac Mortgage Investment Trust 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial InterestREAL ESTATE INVESTMENT TRUSTS | 0.52 |
| CIMpB | Chimera Investment Corporation 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.50 |
| STTpG | State Street Corporation Depositary shares, each representing a 1/4,000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series GSTATE COMMERCIAL BANKS | 0.47 |
| PMTW | PennyMac Mortgage Investment Trust 9.00% Senior Notes due 2030REAL ESTATE INVESTMENT TRUSTS | 0.46 |
| RFpE | Regions Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.45% Non-Cumulative Perpetual Preferred Stock, Series ENATIONAL COMMERCIAL BANKS | 0.45 |
Most inversely correlated with PMTpC
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.30 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.29 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.28 |
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | -0.27 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.27 |
Frequently asked questions about PMTpC correlations
- Which stocks are most correlated with PMTpC?
- Based on one year of daily returns, the stocks most correlated with PennyMac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest (PMTpC) are PMTpB (0.52), CIMpB (0.50) and STTpG (0.47). 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 PMTpC?
- Over the past year, the stocks most inversely correlated with PennyMac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest (PMTpC) are EPV (-0.30), EFU (-0.29) and EWV (-0.28). 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 PMTpC correlations calculated?
- We compute the correlation of daily returns between PMTpC 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.