Which stocks are most correlated with RWTP?

Based on one year of daily returns, the stocks most correlated with Redwood Trust, Inc. 9.125% Senior Notes Due 2030 (RWTP) are RWTO (0.50), AOMD (0.44) and RWTN (0.43). 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 RWTP?

Over the past year, the stocks most inversely correlated with Redwood Trust, Inc. 9.125% Senior Notes Due 2030 (RWTP) are QQDN (-0.30), SPXS (-0.29) and SPXU (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Redwood Trust, Inc. 9.125% Senior Notes Due 2030 (RWTP) — Stock Correlations & Overview

Over the past year, RWTP has moved most closely with RWTO, AOMD, RWTN. Explore the stocks most correlated and inversely correlated with RWTP below, along with its price, financials, and company profile.

Stocks correlated with RWTP

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

Most correlated with RWTP

Symbol	Company	Correlation
RWTO	Redwood Trust, Inc. 9.00% Senior Notes Due 2029REAL ESTATE INVESTMENT TRUSTS	0.50
AOMD	Angel Oak Mortgage REIT, Inc. 9.750% Senior Notes due 2030REAL ESTATE	0.44
RWTN	Redwood Trust, Inc. 9.125% Senior Notes Due 2029REAL ESTATE INVESTMENT TRUSTS	0.43
DUKpA	Duke Energy Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred StockELECTRIC & OTHER SERVICES COMBINED	0.41
PRH	Prudential Financial, Inc. 5.950% Junior Subordinated Notes due 2062LIFE INSURANCE	0.38

Most inversely correlated with RWTP

Symbol	Company	Correlation
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.30
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.29
SPXU	ProShares UltraPro Short S&P 500	-0.29
SDS	ProShares UltraShort S&P500	-0.29
SH	ProShares Short S&P500	-0.29

Frequently asked questions about RWTP correlations

Which stocks are most correlated with RWTP?: Based on one year of daily returns, the stocks most correlated with Redwood Trust, Inc. 9.125% Senior Notes Due 2030 (RWTP) are RWTO (0.50), AOMD (0.44) and RWTN (0.43). 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 RWTP?: Over the past year, the stocks most inversely correlated with Redwood Trust, Inc. 9.125% Senior Notes Due 2030 (RWTP) are QQDN (-0.30), SPXS (-0.29) and SPXU (-0.29). 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 RWTP correlations calculated?: We compute the correlation of daily returns between RWTP 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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