New York Mortgage Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (NYMTZ) Correlation Distribution
Across 6,789 rolling correlation observations between New York Mortgage Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (NYMTZ) and other NASDAQ-listed stocks, 75.9% are positive and 24.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 21.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,789
- Mean correlation
- 0.321
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.9%
- Strong positive (≥0.7)
- 21.7%
- 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 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 103 | 1.5% | |
| -0.6 to -0.5 | 103 | 1.5% | |
| -0.5 to -0.4 | 212 | 3.1% | |
| -0.4 to -0.3 | 212 | 3.1% | |
| -0.3 to -0.2 | 286 | 4.2% | |
| -0.2 to -0.1 | 285 | 4.2% | |
| -0.1 to 0.0 | 423 | 6.2% | |
| 0.0 to 0.1 | 422 | 6.2% | |
| 0.1 to 0.2 | 432 | 6.4% | |
| 0.2 to 0.3 | 432 | 6.4% | |
| 0.3 to 0.4 | 520 | 7.7% | |
| 0.4 to 0.5 | 520 | 7.7% | |
| 0.5 to 0.6 | 674 | 9.9% | |
| 0.6 to 0.7 | 674 | 9.9% | |
| 0.7 to 0.8 | 677 | 10.0% | |
| 0.8 to 0.9 | 676 | 10.0% | |
| 0.9 to 1.0 | 123 | 1.8% |
Frequently asked questions
What is the average correlation of NYMTZ?
New York Mortgage Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (NYMTZ) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,789 pairwise observations.
Is NYMTZ positively correlated with other stocks?
Mostly yes — 75.9% of pairs are positive and 24.1% are negative. Strong positive correlations (≥0.7) make up 21.7%.
What is the most common correlation range for NYMTZ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 33.6% of all pairs.
Explore the full interactive correlation distribution for NYMTZ.
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