Sound Point Meridian Capital, Inc. (SPMC) — Stock Correlations & Overview
Over the past year, SPMC has moved most closely with RPD, OCCI, ECC. Explore the stocks most correlated and inversely correlated with SPMC below, along with its price, financials, and company profile.
Stocks correlated with SPMC
Correlation of daily returns. Higher positive values move with SPMC; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPMC
| Symbol | Company | Correlation |
|---|---|---|
| RPD | Rapid7, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.36 |
| OCCI | OFS Credit Company, Inc. Common Stock | 0.34 |
| ECC | Eagle Point Credit Company | 0.34 |
| IZRL | ARK Israel Innovative Technology ETF | 0.30 |
| PTRN | Pattern Group Inc. Series A Common StockRETAIL-CATALOG & MAIL-ORDER HOUSES | 0.30 |
Most inversely correlated with SPMC
| Symbol | Company | Correlation |
|---|---|---|
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.23 |
| SUZ | Suzano S.A. American Depositary Shares (each representing one Ordinary Share ) representing one Ordinary Share) | -0.21 |
| THC | Tenet Healthcare Corporation NewSERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC | -0.21 |
| ENSG | The Ensign Group, Inc.SERVICES-SKILLED NURSING CARE FACILITIES | -0.19 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.19 |
Frequently asked questions about SPMC correlations
- Which stocks are most correlated with SPMC?
- Based on one year of daily returns, the stocks most correlated with Sound Point Meridian Capital, Inc. (SPMC) are RPD (0.36), OCCI (0.34) and ECC (0.34). 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 SPMC?
- Over the past year, the stocks most inversely correlated with Sound Point Meridian Capital, Inc. (SPMC) are PALD (-0.23), SUZ (-0.21) and THC (-0.21). 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 SPMC correlations calculated?
- We compute the correlation of daily returns between SPMC 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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