Which stocks are most correlated with AFGE?

Based on one year of daily returns, the stocks most correlated with American Financial Group, Inc. 4.500% Subordinated Debentures due 2060 (AFGE) are AFGC (0.61), BACpM (0.58) and BACpN (0.57). 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 AFGE?

Over the past year, the stocks most inversely correlated with American Financial Group, Inc. 4.500% Subordinated Debentures due 2060 (AFGE) are RWM (-0.43), SRTY (-0.43) and TWM (-0.42). A negative correlation means the two stocks have tended to move in opposite directions.

American Financial Group, Inc. 4.500% Subordinated Debentures due 2060 (AFGE) — Stock Correlations & Overview

Over the past year, AFGE has moved most closely with AFGC, BACpM, BACpN. Explore the stocks most correlated and inversely correlated with AFGE below, along with its price, financials, and company profile.

Stocks correlated with AFGE

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

Most correlated with AFGE

Symbol	Company	Correlation
AFGC	American Financial Group, Inc. 5.125% Subordinated Debentures due 2059FIRE, MARINE & CASUALTY INSURANCE	0.61
BACpM	Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KKNATIONAL COMMERCIAL BANKS	0.58
BACpN	Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS	0.57
PFFD	Global X U.S. Preferred ETF	0.54
COFpN	Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Ownership Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series NNATIONAL COMMERCIAL BANKS	0.54

Most inversely correlated with AFGE

Symbol	Company	Correlation
RWM	ProShares Short Russell2000	-0.43
SRTY	ProShares UltraPro Short Russell2000	-0.43
TWM	ProShares UltraShort Russell2000	-0.42
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.42
SDD	ProShares UltraShort SmallCap600	-0.40

Frequently asked questions about AFGE correlations

Which stocks are most correlated with AFGE?: Based on one year of daily returns, the stocks most correlated with American Financial Group, Inc. 4.500% Subordinated Debentures due 2060 (AFGE) are AFGC (0.61), BACpM (0.58) and BACpN (0.57). 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 AFGE?: Over the past year, the stocks most inversely correlated with American Financial Group, Inc. 4.500% Subordinated Debentures due 2060 (AFGE) are RWM (-0.43), SRTY (-0.43) and TWM (-0.42). 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 AFGE correlations calculated?: We compute the correlation of daily returns between AFGE 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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