Agree Realty Corporation Depositary Shares, each representing 1/1,000th of a 4.250% Series A Cumulative Redeemable Preferred Stock (ADCpA) — Stock Correlations & Overview
Over the past year, ADCpA has moved most closely with USBpQ, ALLpI, USBpR. Explore the stocks most correlated and inversely correlated with ADCpA below, along with its price, financials, and company profile.
Stocks correlated with ADCpA
Correlation of daily returns. Higher positive values move with ADCpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ADCpA
| Symbol | Company | Correlation |
|---|---|---|
| USBpQ | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.46 |
| ALLpI | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.45 |
| USBpR | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.44 |
| PGX | Invesco Preferred ETFINVESTMENT ADVICE | 0.43 |
| ALLpH | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.43 |
Most inversely correlated with ADCpA
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.32 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.30 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.30 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.29 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.29 |
Frequently asked questions about ADCpA correlations
- Which stocks are most correlated with ADCpA?
- Based on one year of daily returns, the stocks most correlated with Agree Realty Corporation Depositary Shares, each representing 1/1,000th of a 4.250% Series A Cumulative Redeemable Preferred Stock (ADCpA) are USBpQ (0.46), ALLpI (0.45) and USBpR (0.44). 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 ADCpA?
- Over the past year, the stocks most inversely correlated with Agree Realty Corporation Depositary Shares, each representing 1/1,000th of a 4.250% Series A Cumulative Redeemable Preferred Stock (ADCpA) are EPV (-0.32), EFZ (-0.30) and SLTY (-0.30). 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 ADCpA correlations calculated?
- We compute the correlation of daily returns between ADCpA 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.