The Allstate Corporation 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (ALLpB) — Stock Correlations & Overview
Over the past year, ALLpB has moved most closely with WTFCN, RZC, AGNCP. Explore the stocks most correlated and inversely correlated with ALLpB below, along with its price, financials, and company profile.
Stocks correlated with ALLpB
Correlation of daily returns. Higher positive values move with ALLpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALLpB
| Symbol | Company | Correlation |
|---|---|---|
| WTFCN | Wintrust Financial Corporation Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred StocKSTATE COMMERCIAL BANKS | 0.43 |
| RZC | Reinsurance Group of America, Incorporated 7.125% Fixed-Rate Reset Subordinated Debentures due 2052LIFE INSURANCE | 0.43 |
| AGNCP | AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.42 |
| AGNCO | AGNC Investment Corp. Depositary Shares, each representing a 1/1,000th interest in a share of 6.50% Series E Fixed-to-Floating Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.38 |
| AGNCN | AGNC Investment Corp. Depositary Shares Each Representing a 1/1,000th Interest in a Share of 7 percent Series C Fixed-To-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.36 |
Most inversely correlated with ALLpB
| Symbol | Company | Correlation |
|---|---|---|
| RSF | RiverNorth Capital and Income Fund, Inc. | -0.24 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.23 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.23 |
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.23 |
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.23 |
Frequently asked questions about ALLpB correlations
- Which stocks are most correlated with ALLpB?
- Based on one year of daily returns, the stocks most correlated with The Allstate Corporation 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (ALLpB) are WTFCN (0.43), RZC (0.43) and AGNCP (0.42). 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 ALLpB?
- Over the past year, the stocks most inversely correlated with The Allstate Corporation 5.100% Fixed-To-Floating Rate Subordinated Debentures due 2053 (ALLpB) are RSF (-0.24), WEBS (-0.23) and QQDN (-0.23). 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 ALLpB correlations calculated?
- We compute the correlation of daily returns between ALLpB 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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