Rithm Capital Corp. 8.75% Series E Fixed-Rate Cumulative Redeemable Preferred Stock (RITMpE) — Stock Correlations & Overview
Over the past year, RITMpE has moved most closely with RITMpC, RITMpB, MITP. Explore the stocks most correlated and inversely correlated with RITMpE below, along with its price, financials, and company profile.
Stocks correlated with RITMpE
Correlation of daily returns. Higher positive values move with RITMpE; negative values move opposite it. Informational only, not investment advice.
Most correlated with RITMpE
| Symbol | Company | Correlation |
|---|---|---|
| RITMpC | Rithm Capital Corp. 6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.60 |
| RITMpB | Rithm Capital Corp. 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.56 |
| MITP | TPG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS | 0.55 |
| RITMpD | Rithm Capital Corp. 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.55 |
| RITMpA | Rithm Capital Corp.7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.52 |
Most inversely correlated with RITMpE
| Symbol | Company | Correlation |
|---|---|---|
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.45 |
| ELPW | Elong Power Holding Limited Class A Ordinary Shares | -0.40 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.34 |
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.33 |
| VZ | Verizon CommunicationsTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | -0.33 |
Frequently asked questions about RITMpE correlations
- Which stocks are most correlated with RITMpE?
- Based on one year of daily returns, the stocks most correlated with Rithm Capital Corp. 8.75% Series E Fixed-Rate Cumulative Redeemable Preferred Stock (RITMpE) are RITMpC (0.60), RITMpB (0.56) and MITP (0.55). 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 RITMpE?
- Over the past year, the stocks most inversely correlated with Rithm Capital Corp. 8.75% Series E Fixed-Rate Cumulative Redeemable Preferred Stock (RITMpE) are PHOE (-0.45), ELPW (-0.40) and ZSL (-0.34). 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 RITMpE correlations calculated?
- We compute the correlation of daily returns between RITMpE 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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