Which stocks are most correlated with SHOpI?

Based on one year of daily returns, the stocks most correlated with Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock (SHOpI) are PFFV (0.32), FPF (0.30) and LDP (0.27). 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 SHOpI?

Over the past year, the stocks most inversely correlated with Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock (SHOpI) are PVL (-0.24), TSCO (-0.23) and FNGD (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.

Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock (SHOpI) — Stock Correlations & Overview

Over the past year, SHOpI has moved most closely with PFFV, FPF, LDP. Explore the stocks most correlated and inversely correlated with SHOpI below, along with its price, financials, and company profile.

Stocks correlated with SHOpI

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

Most correlated with SHOpI

Symbol	Company	Correlation
PFFV	Global X Variable Rate Preferred ETF	0.32
FPF	FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND	0.30
LDP	COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC	0.27
BPYPN	Brookfield Property Partners L.P. 5.750% Class A Cumulative Redeemable Perpetual Preferred Units, Series 3	0.27
EOS	Eaton Vance Enhance Equity Income Fund II	0.26

Most inversely correlated with SHOpI

Symbol	Company	Correlation
PVL	Permianville Royalty TrustCRUDE PETROLEUM & NATURAL GAS	-0.24
TSCO	Tractor Supply CoRETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY	-0.23
FNGD	MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC	-0.23
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.22
FNLC	First Bancorp, Inc. (ME)NATIONAL COMMERCIAL BANKS	-0.21

Frequently asked questions about SHOpI correlations

Which stocks are most correlated with SHOpI?: Based on one year of daily returns, the stocks most correlated with Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock (SHOpI) are PFFV (0.32), FPF (0.30) and LDP (0.27). 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 SHOpI?: Over the past year, the stocks most inversely correlated with Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock (SHOpI) are PVL (-0.24), TSCO (-0.23) and FNGD (-0.23). 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 SHOpI correlations calculated?: We compute the correlation of daily returns between SHOpI 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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