Which stocks are most correlated with RFMZ?

Based on one year of daily returns, the stocks most correlated with RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) are RFM (0.59), RMM (0.56) and NVG (0.56). 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 RFMZ?

Over the past year, the stocks most inversely correlated with RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) are EFU (-0.34), EFZ (-0.34) and EPV (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) — Stock Correlations & Overview

Over the past year, RFMZ has moved most closely with RFM, RMM, NVG. Explore the stocks most correlated and inversely correlated with RFMZ below, along with its price, financials, and company profile.

Stocks correlated with RFMZ

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

Most correlated with RFMZ

Symbol	Company	Correlation
RFM	RiverNorth Flexible Municipal Income Fund, Inc.	0.59
RMM	RiverNorth Managed Duration Municipal Income Fund, Inc.	0.56
NVG	Nuveen AMT-Free Municipal Credit Income Fund	0.56
MPA	BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND	0.54
NRK	Nuveen New York AMT-Free Quality Municipal Income Fund	0.54

Most inversely correlated with RFMZ

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.34
EFZ	ProShares Trust Short MSCI EAFE	-0.34
EPV	ProShares UltraShort FTSE Europe	-0.32
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.31
TWM	ProShares UltraShort Russell2000	-0.31

Frequently asked questions about RFMZ correlations

Which stocks are most correlated with RFMZ?: Based on one year of daily returns, the stocks most correlated with RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) are RFM (0.59), RMM (0.56) and NVG (0.56). 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 RFMZ?: Over the past year, the stocks most inversely correlated with RiverNorth Flexible Municipal Income Fund II, Inc. (RFMZ) are EFU (-0.34), EFZ (-0.34) and EPV (-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 RFMZ correlations calculated?: We compute the correlation of daily returns between RFMZ 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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