Which stocks are most correlated with POWWP?

Based on one year of daily returns, the stocks most correlated with Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) are MI (0.28), MBOT (0.28) and RAPP (0.26). 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 POWWP?

Over the past year, the stocks most inversely correlated with Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) are TC (-0.27), CEPO (-0.26) and GAINI (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.

Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) — Stock Correlations & Overview

Over the past year, POWWP has moved most closely with MI, MBOT, RAPP. Explore the stocks most correlated and inversely correlated with POWWP below, along with its price, financials, and company profile.

Stocks correlated with POWWP

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

Most correlated with POWWP

Symbol	Company	Correlation
MI	NFT Limited	0.28
MBOT	Microbot Medical, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	0.28
RAPP	Rapport Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.26
PL	Planet Labs PBCRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT	0.26
MGIH	Millennium Group International Holdings Limited Ordinary Shares	0.25

Most inversely correlated with POWWP

Symbol	Company	Correlation
TC	Token Cat Limited American Depositary Shares	-0.27
CEPO	Cantor Equity Partners I, Inc. Class A Ordinary SharesBLANK CHECKS	-0.26
GAINI	Gladstone Investment Corporation 7.875% Notes due 2030	-0.21
RAY	Raytech Holding Limited Ordinary Shares	-0.19
CCSB	Carbon Collective Short Duration Green Bond ETF	-0.19

Frequently asked questions about POWWP correlations

Which stocks are most correlated with POWWP?: Based on one year of daily returns, the stocks most correlated with Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) are MI (0.28), MBOT (0.28) and RAPP (0.26). 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 POWWP?: Over the past year, the stocks most inversely correlated with Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) are TC (-0.27), CEPO (-0.26) and GAINI (-0.21). 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 POWWP correlations calculated?: We compute the correlation of daily returns between POWWP 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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