Tsakos Energy Navigation Limited Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par value $1.00 (TENpE) — Stock Correlations & Overview
Over the past year, TENpE has moved most closely with RA, MGPI, GSpD. Explore the stocks most correlated and inversely correlated with TENpE below, along with its price, financials, and company profile.
Stocks correlated with TENpE
Correlation of daily returns. Higher positive values move with TENpE; negative values move opposite it. Informational only, not investment advice.
Most correlated with TENpE
| Symbol | Company | Correlation |
|---|---|---|
| RA | Brookfield Real Assets Income Fund Inc. | 0.24 |
| MGPI | MGP Ingredients IncWHOLESALE-BEER, WINE & DISTILLED ALCOHOLIC BEVERAGES | 0.24 |
| GSpD | Goldman Sachs Group, Inc. (Each representing 1/1000th Interest in a Share of Floating Rate Non-cumulative Preferred Stock Series D, $1.01 par valueSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.23 |
| ISD | PGIM High Yield Bond Fund, Inc. | 0.22 |
| PPIH | Perma-Pipe International Holdings, Inc.INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFYING EQUIP | 0.22 |
Most inversely correlated with TENpE
| Symbol | Company | Correlation |
|---|---|---|
| TC | Token Cat Limited American Depositary Shares | -0.27 |
| CEPO | Cantor Equity Partners I, Inc. Class A Ordinary SharesBLANK CHECKS | -0.24 |
| TAOP | Taoping Inc. BVI Ordinary Shares (0 par) | -0.20 |
| XWEL | XWELL, Inc. Common StockSERVICES-PERSONAL SERVICES | -0.20 |
| OXLCO | Oxford Lane Capital Corp. Preferred Stock Shares, 6.00% Series 2029 | -0.20 |
Frequently asked questions about TENpE correlations
- Which stocks are most correlated with TENpE?
- Based on one year of daily returns, the stocks most correlated with Tsakos Energy Navigation Limited Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par value $1.00 (TENpE) are RA (0.24), MGPI (0.24) and GSpD (0.23). 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 TENpE?
- Over the past year, the stocks most inversely correlated with Tsakos Energy Navigation Limited Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par value $1.00 (TENpE) are TC (-0.27), CEPO (-0.24) and TAOP (-0.20). 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 TENpE correlations calculated?
- We compute the correlation of daily returns between TENpE 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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