Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 (SPMA) — Stock Correlations & Overview
Over the past year, SPMA has moved most closely with STBF, ATYR, PSApM. Explore the stocks most correlated and inversely correlated with SPMA below, along with its price, financials, and company profile.
Stocks correlated with SPMA
Correlation of daily returns. Higher positive values move with SPMA; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPMA
| Symbol | Company | Correlation |
|---|---|---|
| STBF | Performance Trust Short Term Bond ETF | 0.30 |
| ATYR | aTyr Pharma, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.28 |
| PSApM | Public Storage Depositary Shares Each Representing 1/1,000 of a 4.125% Cumulative Preferred Share of Beneficial Interest, Series MREAL ESTATE INVESTMENT TRUSTS | 0.27 |
| NBTX | Nanobiotix S.A. American Depositary Shares | 0.26 |
| ASBA | Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033STATE COMMERCIAL BANKS | 0.26 |
Most inversely correlated with SPMA
| Symbol | Company | Correlation |
|---|---|---|
| QNRX | Quoin Pharmaceuticals, Ltd. American Depositary SharesPHARMACEUTICAL PREPARATIONS | -0.24 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.24 |
| SEF | ProShares Short Financials | -0.23 |
| SKF | ProShares UltraShort Financials | -0.23 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.21 |
Frequently asked questions about SPMA correlations
- Which stocks are most correlated with SPMA?
- Based on one year of daily returns, the stocks most correlated with Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 (SPMA) are STBF (0.30), ATYR (0.28) and PSApM (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 SPMA?
- Over the past year, the stocks most inversely correlated with Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 (SPMA) are QNRX (-0.24), FAZ (-0.24) and SEF (-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 SPMA correlations calculated?
- We compute the correlation of daily returns between SPMA 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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