New York Mortgage Trust, Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (NYMTL) Correlation Distribution
Across 6,803 rolling correlation observations between New York Mortgage Trust, Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (NYMTL) and other NASDAQ-listed stocks, 77.2% are positive and 22.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.335, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 23.2% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,803
- Mean correlation
- 0.335
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.2%
- Strong positive (≥0.7)
- 23.2%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 58 | 0.9% | |
| -0.8 to -0.7 | 57 | 0.8% | |
| -0.7 to -0.6 | 144 | 2.1% | |
| -0.6 to -0.5 | 143 | 2.1% | |
| -0.5 to -0.4 | 183 | 2.7% | |
| -0.4 to -0.3 | 182 | 2.7% | |
| -0.3 to -0.2 | 229 | 3.4% | |
| -0.2 to -0.1 | 228 | 3.4% | |
| -0.1 to 0.0 | 324 | 4.8% | |
| 0.0 to 0.1 | 323 | 4.7% | |
| 0.1 to 0.2 | 385 | 5.7% | |
| 0.2 to 0.3 | 384 | 5.6% | |
| 0.3 to 0.4 | 498 | 7.3% | |
| 0.4 to 0.5 | 497 | 7.3% | |
| 0.5 to 0.6 | 795 | 11.7% | |
| 0.6 to 0.7 | 794 | 11.7% | |
| 0.7 to 0.8 | 733 | 10.8% | |
| 0.8 to 0.9 | 732 | 10.8% | |
| 0.9 to 1.0 | 113 | 1.7% |
Frequently asked questions
What is the average correlation of NYMTL?
New York Mortgage Trust, Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (NYMTL) has an average correlation of about 0.335 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is NYMTL positively correlated with other stocks?
Mostly yes — 77.2% of pairs are positive and 22.8% are negative. Strong positive correlations (≥0.7) make up 23.2%.
What is the most common correlation range for NYMTL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 27.5% of all pairs.
Explore the full interactive correlation distribution for NYMTL.
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