The Allstate Corporation Depositary Shares each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series J (ALLpJ) — Stock Correlations & Overview
Over the past year, ALLpJ has moved most closely with MSpF, MSpE, MSpQ. Explore the stocks most correlated and inversely correlated with ALLpJ below, along with its price, financials, and company profile.
Stocks correlated with ALLpJ
Correlation of daily returns. Higher positive values move with ALLpJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALLpJ
| Symbol | Company | Correlation |
|---|---|---|
| MSpF | MORGAN STANLEY SERIES FSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.60 |
| MSpE | MORGAN STANLEY DEP SHARES EACH REPRESENTING 1/1,000TH OF SHARE OF FIXED TO FLOATING RATE SER ESECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.58 |
| MSpQ | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 6.625% Non-Cumulative Preferred Stock, Series QSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.54 |
| MSpI | MORGAN STANLEY Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series ISECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.54 |
| JULH | Innovator Premium Income 20 Barrier ETF - July | 0.53 |
Most inversely correlated with ALLpJ
| Symbol | Company | Correlation |
|---|---|---|
| TBN | Tamboran Resources CorporationCRUDE PETROLEUM & NATURAL GAS | -0.30 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.27 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.26 |
| TBX | ProShares Short 7-10 Year Treasury | -0.25 |
| BENF | Beneficient Class A Common StockFINANCE SERVICES | -0.24 |
Frequently asked questions about ALLpJ correlations
- Which stocks are most correlated with ALLpJ?
- Based on one year of daily returns, the stocks most correlated with The Allstate Corporation Depositary Shares each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series J (ALLpJ) are MSpF (0.60), MSpE (0.58) and MSpQ (0.54). 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 ALLpJ?
- Over the past year, the stocks most inversely correlated with The Allstate Corporation Depositary Shares each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series J (ALLpJ) are TBN (-0.30), TYO (-0.27) and PST (-0.26). 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 ALLpJ correlations calculated?
- We compute the correlation of daily returns between ALLpJ 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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