New York Correlations
| NYMTI Stock | 25.29 0.07 0.28% |
The current 90-days correlation between New York Mortgage and Mid America Apartment Communities is 0.08 (i.e., Significant diversification). The correlation of New York is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
New York Correlation With Market
Modest diversification
The correlation between New York Mortgage and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New York Mortgage and DJI in the same portfolio, assuming nothing else is changed.
New |
Moving together with New Stock
| 0.69 | EQIX | Equinix | PairCorr |
| 0.77 | AHR | American Healthcare REIT, | PairCorr |
| 0.75 | OZ | Belpointe PREP LLC | PairCorr |
Moving against New Stock
| 0.38 | OPI | Office Properties Income Buyout Trend | PairCorr |
| 0.36 | HPP | Hudson Pacific Properties | PairCorr |
| 0.56 | PW | Power REIT | PairCorr |
| 0.43 | RC | Ready Capital Corp Sell-off Trend | PairCorr |
| 0.39 | NTST | Netstreit Corp | PairCorr |
| 0.33 | FR | First Industrial Realty | PairCorr |
| 0.31 | UK | Ucommune International | PairCorr |
| 0.31 | VINO | Gaucho Group Holdings | PairCorr |
Related Correlations Analysis
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