RiverNorth Opportunities Fund, Inc. 6.00% Series A Perpetual Preferred Stock (RIVpA) — Stock Correlations & Overview
Over the past year, RIVpA has moved most closely with NNOX, OPPpB, WFCpY. Explore the stocks most correlated and inversely correlated with RIVpA below, along with its price, financials, and company profile.
Stocks correlated with RIVpA
Correlation of daily returns. Higher positive values move with RIVpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with RIVpA
| Symbol | Company | Correlation |
|---|---|---|
| NNOX | NANO-X IMAGING LTD Ordinary Shares | 0.27 |
| OPPpB | RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.4.75% Series B Cumulative Preferred Stock | 0.24 |
| WFCpY | Wells Fargo & CompanyNATIONAL COMMERCIAL BANKS | 0.24 |
| JPMpD | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DDNATIONAL COMMERCIAL BANKS | 0.24 |
| JILL | J.Jill, Inc. Common StockWOMEN'S, MISSES', AND JUNIORS OUTERWEAR | 0.24 |
Most inversely correlated with RIVpA
| Symbol | Company | Correlation |
|---|---|---|
| ILLR | Triller Group Inc. Common StockINVESTMENT ADVICE | -0.25 |
| HYFM | Hydrofarm Holdings Group, Inc. Common StockWHOLESALE-MISCELLANEOUS NONDURABLE GOODS | -0.22 |
| LICN | Lichen China Limited Class A Ordinary Shares | -0.20 |
| PSIG | PS International Group Ltd. Ordinary Shares | -0.20 |
| TILL | Teucrium Agricultural Strategy No K-1 ETF | -0.20 |
Frequently asked questions about RIVpA correlations
- Which stocks are most correlated with RIVpA?
- Based on one year of daily returns, the stocks most correlated with RiverNorth Opportunities Fund, Inc. 6.00% Series A Perpetual Preferred Stock (RIVpA) are NNOX (0.27), OPPpB (0.24) and WFCpY (0.24). 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 RIVpA?
- Over the past year, the stocks most inversely correlated with RiverNorth Opportunities Fund, Inc. 6.00% Series A Perpetual Preferred Stock (RIVpA) are ILLR (-0.25), HYFM (-0.22) and LICN (-0.20). 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 RIVpA correlations calculated?
- We compute the correlation of daily returns between RIVpA 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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