Which stocks are most correlated with SPME?

Based on one year of daily returns, the stocks most correlated with Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030 (SPME) are PHOE (0.42), ELPW (0.36) and CTRE (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 SPME?

Over the past year, the stocks most inversely correlated with Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030 (SPME) are AZTR (-0.25), CATX (-0.23) and YFYA (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.

Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030 (SPME) — Stock Correlations & Overview

Over the past year, SPME has moved most closely with PHOE, ELPW, CTRE. Explore the stocks most correlated and inversely correlated with SPME below, along with its price, financials, and company profile.

Stocks correlated with SPME

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

Most correlated with SPME

Symbol	Company	Correlation
PHOE	Phoenix Asia Holdings Limited Ordinary Shares	0.42
ELPW	Elong Power Holding Limited Class A Ordinary Shares	0.36
CTRE	CareTrust REIT, IncREAL ESTATE INVESTMENT TRUSTS	0.27
GXAI	Gaxos.ai Inc. Common StockSERVICES-PREPACKAGED SOFTWARE	0.26
BOIL	ProShares Ultra Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS	0.25

Most inversely correlated with SPME

Symbol	Company	Correlation
AZTR	Azitra IncPHARMACEUTICAL PREPARATIONS	-0.25
CATX	Perspective Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS	-0.23
YFYA	Yields for You Income Strategy A ETF	-0.23
BRAG	Bragg Gaming Group Inc. Common Shares	-0.22
GOLY	Strategy Shares Gold Enhanced Yield ETF	-0.22

Frequently asked questions about SPME correlations

Which stocks are most correlated with SPME?: Based on one year of daily returns, the stocks most correlated with Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030 (SPME) are PHOE (0.42), ELPW (0.36) and CTRE (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 SPME?: Over the past year, the stocks most inversely correlated with Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030 (SPME) are AZTR (-0.25), CATX (-0.23) and YFYA (-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 SPME correlations calculated?: We compute the correlation of daily returns between SPME 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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