Rithm Capital Corp. 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (RITMpB) — Stock Correlations & Overview
Over the past year, RITMpB has moved most closely with RITMpA, RITMpC, MITP. Explore the stocks most correlated and inversely correlated with RITMpB below, along with its price, financials, and company profile.
Stocks correlated with RITMpB
Correlation of daily returns. Higher positive values move with RITMpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with RITMpB
| Symbol | Company | Correlation |
|---|---|---|
| RITMpA | Rithm Capital Corp.7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.71 |
| RITMpC | Rithm Capital Corp. 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.67 |
| MITP | TPG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS | 0.64 |
| RITMpD | Rithm Capital Corp. 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.62 |
| MFAN | MFA Financial IncREAL ESTATE INVESTMENT TRUSTS | 0.60 |
Most inversely correlated with RITMpB
| Symbol | Company | Correlation |
|---|---|---|
| HKD | AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) | -0.30 |
| MGLD | The Marygold Companies, Inc.FINANCE SERVICES | -0.27 |
| CDRpB | CEDAR REALTY TRUST, INC. 7.25% Series B Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.25 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.25 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.25 |
Frequently asked questions about RITMpB correlations
- Which stocks are most correlated with RITMpB?
- Based on one year of daily returns, the stocks most correlated with Rithm Capital Corp. 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (RITMpB) are RITMpA (0.71), RITMpC (0.67) and MITP (0.64). 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 RITMpB?
- Over the past year, the stocks most inversely correlated with Rithm Capital Corp. 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (RITMpB) are HKD (-0.30), MGLD (-0.27) and CDRpB (-0.25). 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 RITMpB correlations calculated?
- We compute the correlation of daily returns between RITMpB 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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