New York Mortgage Trust, Inc. 8.00 Percent Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN) Correlation Distribution
Across 6,809 rolling correlation observations between New York Mortgage Trust, Inc. 8.00 Percent Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN) and other NASDAQ-listed stocks, 78.9% are positive and 21.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.329, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.329
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.9%
- Strong positive (≥0.7)
- 15.9%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 91 | 1.3% | |
| -0.6 to -0.5 | 91 | 1.3% | |
| -0.5 to -0.4 | 159 | 2.3% | |
| -0.4 to -0.3 | 159 | 2.3% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 385 | 5.7% | |
| 0.0 to 0.1 | 384 | 5.6% | |
| 0.1 to 0.2 | 457 | 6.7% | |
| 0.2 to 0.3 | 456 | 6.7% | |
| 0.3 to 0.4 | 640 | 9.4% | |
| 0.4 to 0.5 | 639 | 9.4% | |
| 0.5 to 0.6 | 857 | 12.6% | |
| 0.6 to 0.7 | 856 | 12.6% | |
| 0.7 to 0.8 | 516 | 7.6% | |
| 0.8 to 0.9 | 516 | 7.6% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of NYMTN?
New York Mortgage Trust, Inc. 8.00 Percent Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN) has an average correlation of about 0.329 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NYMTN positively correlated with other stocks?
Mostly yes — 78.9% of pairs are positive and 21.1% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for NYMTN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.4% of all pairs.
Explore the full interactive correlation distribution for NYMTN.
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