Sachem Capital Corp. 6.00% Notes due 2026 (SCCD) — Stock Correlations & Overview
Over the past year, SCCD has moved most closely with BENFW, CCO, CYH. Explore the stocks most correlated and inversely correlated with SCCD below, along with its price, financials, and company profile.
Stocks correlated with SCCD
Correlation of daily returns. Higher positive values move with SCCD; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCCD
| Symbol | Company | Correlation |
|---|---|---|
| BENFW | Beneficient WarrantFINANCE SERVICES | 0.30 |
| CCO | Clear Channel Outdoor Holdings, Inc. Common StockSERVICES-ADVERTISING | 0.27 |
| CYH | Community Health Systems, Inc.SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC | 0.25 |
| OXLCZ | Oxford Lane Capital Corp. 5.00% Notes due 2027 | 0.24 |
| ETIp | Entergy Texas, Inc. 5.375% Series A Preferred StockELECTRIC SERVICES | 0.23 |
Most inversely correlated with SCCD
| Symbol | Company | Correlation |
|---|---|---|
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.25 |
| OXSQ | Oxford Square Capital Corp. | -0.24 |
| SMR | NuScale Power CorporationFABRICATED PLATE WORK (BOILER SHOPS) | -0.24 |
| AFRI | Forafric Global PLC Ordinary Shares | -0.23 |
| SMUP | T-REX 2X Long SMR Daily Target ETF | -0.23 |
Frequently asked questions about SCCD correlations
- Which stocks are most correlated with SCCD?
- Based on one year of daily returns, the stocks most correlated with Sachem Capital Corp. 6.00% Notes due 2026 (SCCD) are BENFW (0.30), CCO (0.27) and CYH (0.25). 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 SCCD?
- Over the past year, the stocks most inversely correlated with Sachem Capital Corp. 6.00% Notes due 2026 (SCCD) are RADX (-0.25), OXSQ (-0.24) and SMR (-0.24). 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 SCCD correlations calculated?
- We compute the correlation of daily returns between SCCD 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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