Which stocks are most correlated with AFGB?

Based on one year of daily returns, the stocks most correlated with American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) are PSApR (0.51), PSApM (0.50) and PSApI (0.49). 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 AFGB?

Over the past year, the stocks most inversely correlated with American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) are HDGE (-0.32), SBB (-0.30) and SCC (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) — Stock Correlations & Overview

Over the past year, AFGB has moved most closely with PSApR, PSApM, PSApI. Explore the stocks most correlated and inversely correlated with AFGB below, along with its price, financials, and company profile.

Stocks correlated with AFGB

Correlation of daily returns. Higher positive values move with AFGB; negative values move opposite it. Informational only, not investment advice.

Most correlated with AFGB

Symbol	Company	Correlation
PSApR	Public Storage Depositary Shares Each Representing 1/1,000 of a 4.00% Cumulative Preferred Share of Beneficial Interest, Series RREAL ESTATE INVESTMENT TRUSTS	0.51
PSApM	Public Storage Depositary Shares Each Representing 1/1,000 of a 4.125% Cumulative Preferred Share of Beneficial Interest, Series MREAL ESTATE INVESTMENT TRUSTS	0.50
PSApI	Public Storage Depositary Shares Each Representing 1/1,000 of a 4.875% Cumulative Preferred Share of Beneficial Interest, Series I, par value $0.01 per shareREAL ESTATE INVESTMENT TRUSTS	0.49
NTRSO	Northern Trust Corporation Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series E Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS	0.49
PSApJ	Public Storage Depositary Shares Each Representing 1/1,000 of a 4.700% Cumulative Preferred Share of Beneficial Interest, Series JREAL ESTATE INVESTMENT TRUSTS	0.48

Most inversely correlated with AFGB

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.32
SBB	ProShares Short SmallCap600	-0.30
SCC	ProShares UltraShort Consumer Discretionary	-0.30
SDD	ProShares UltraShort SmallCap600	-0.30
QQDN	ProShares Trust ProShares UltraShort QQQ Mega	-0.29

Frequently asked questions about AFGB correlations

Which stocks are most correlated with AFGB?: Based on one year of daily returns, the stocks most correlated with American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) are PSApR (0.51), PSApM (0.50) and PSApI (0.49). 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 AFGB?: Over the past year, the stocks most inversely correlated with American Financial Group, Inc. 5.875% Subordinated Debentures due 2059 (AFGB) are HDGE (-0.32), SBB (-0.30) and SCC (-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 AFGB correlations calculated?: We compute the correlation of daily returns between AFGB 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.

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