Which stocks are most correlated with AGMpE?

Based on one year of daily returns, the stocks most correlated with Federal Agricultural Mortgage Corporation 5.750% Non-Cumulative Preferred Stock, Series E (AGMpE) are ALLpB (0.32), BHYB (0.30) and DMX (0.30). 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 AGMpE?

Over the past year, the stocks most inversely correlated with Federal Agricultural Mortgage Corporation 5.750% Non-Cumulative Preferred Stock, Series E (AGMpE) are HTFC (-0.26), TZA (-0.19) and WVVI (-0.19). A negative correlation means the two stocks have tended to move in opposite directions.

Federal Agricultural Mortgage Corporation 5.750% Non-Cumulative Preferred Stock, Series E (AGMpE) — Stock Correlations & Overview

Over the past year, AGMpE has moved most closely with ALLpB, BHYB, DMX. Explore the stocks most correlated and inversely correlated with AGMpE below, along with its price, financials, and company profile.

Stocks correlated with AGMpE

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

Most correlated with AGMpE

Symbol	Company	Correlation
ALLpB	The Allstate Corporation 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053FIRE, MARINE & CASUALTY INSURANCE	0.32
BHYB	Xtrackers USD High Yield BB-B ex Financials ETF	0.30
DMX	DoubleLine Multi-Sector Income ETF	0.30
HYSD	Columbia Short Duration High Yield ETF	0.29
NJNK	Columbia U.S. High Yield ETF	0.29

Most inversely correlated with AGMpE

Symbol	Company	Correlation
HTFC	Horizon Technology Finance Corporation 6.25% Notes due 2027	-0.26
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.19
WVVI	Willamette Valley VineyardsBEVERAGES	-0.19
SRTY	ProShares UltraPro Short Russell2000	-0.18
TWM	ProShares UltraShort Russell2000	-0.18

Frequently asked questions about AGMpE correlations

Which stocks are most correlated with AGMpE?: Based on one year of daily returns, the stocks most correlated with Federal Agricultural Mortgage Corporation 5.750% Non-Cumulative Preferred Stock, Series E (AGMpE) are ALLpB (0.32), BHYB (0.30) and DMX (0.30). 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 AGMpE?: Over the past year, the stocks most inversely correlated with Federal Agricultural Mortgage Corporation 5.750% Non-Cumulative Preferred Stock, Series E (AGMpE) are HTFC (-0.26), TZA (-0.19) and WVVI (-0.19). 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 AGMpE correlations calculated?: We compute the correlation of daily returns between AGMpE 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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