Redwood Trust, Inc. 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (RWTpA) — Stock Correlations & Overview
Over the past year, RWTpA has moved most closely with AGNCO, AGNCP, RZC. Explore the stocks most correlated and inversely correlated with RWTpA below, along with its price, financials, and company profile.
Stocks correlated with RWTpA
Correlation of daily returns. Higher positive values move with RWTpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with RWTpA
| Symbol | Company | Correlation |
|---|---|---|
| AGNCO | AGNC Investment Corp. Depositary Shares, each representing a 1/1,000th interest in a share of 6.50% Series E Fixed-to-Floating Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.37 |
| AGNCP | AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.36 |
| RZC | Reinsurance Group of America, Incorporated 7.125% Fixed-Rate Reset Subordinated Debentures due 2052LIFE INSURANCE | 0.35 |
| WTFCN | Wintrust Financial Corporation Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred StocKSTATE COMMERCIAL BANKS | 0.34 |
| BIZD | VanEck BDC Income ETF | 0.33 |
Most inversely correlated with RWTpA
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.25 |
| SBB | ProShares Short SmallCap600 | -0.25 |
| SDD | ProShares UltraShort SmallCap600 | -0.25 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.24 |
Frequently asked questions about RWTpA correlations
- Which stocks are most correlated with RWTpA?
- Based on one year of daily returns, the stocks most correlated with Redwood Trust, Inc. 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (RWTpA) are AGNCO (0.37), AGNCP (0.36) and RZC (0.35). 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 RWTpA?
- Over the past year, the stocks most inversely correlated with Redwood Trust, Inc. 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (RWTpA) are SKRE (-0.27), SARK (-0.25) and SBB (-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 RWTpA correlations calculated?
- We compute the correlation of daily returns between RWTpA 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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