Which stocks are most correlated with AMJB?

Based on one year of daily returns, the stocks most correlated with Alerian MLP Index ETNs due January 28 2044 (AMJB) are AMUB (0.82), ATMP (0.76) and MLPR (0.76). 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 AMJB?

Over the past year, the stocks most inversely correlated with Alerian MLP Index ETNs due January 28 2044 (AMJB) are ERY (-0.56), DUG (-0.56) and OILD (-0.55). A negative correlation means the two stocks have tended to move in opposite directions.

Alerian MLP Index ETNs due January 28 2044 (AMJB) — Stock Correlations & Overview

Over the past year, AMJB has moved most closely with AMUB, ATMP, MLPR. Explore the stocks most correlated and inversely correlated with AMJB below, along with its price, financials, and company profile.

Stocks correlated with AMJB

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

Most correlated with AMJB

Symbol	Company	Correlation
AMUB	ETRACS Alerian MLP Index ETN Series B due July 18, 2042	0.82
ATMP	iPath Select MLP ETN	0.76
MLPR	ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN	0.76
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040	0.76
AMLP	Alerian MLP ETF	0.74

Most inversely correlated with AMJB

Symbol	Company	Correlation
ERY	Direxion Daily Energy Bear 2X ETF	-0.56
DUG	ProShares UltraShort Energy	-0.56
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.55
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.53
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.52

Frequently asked questions about AMJB correlations

Which stocks are most correlated with AMJB?: Based on one year of daily returns, the stocks most correlated with Alerian MLP Index ETNs due January 28 2044 (AMJB) are AMUB (0.82), ATMP (0.76) and MLPR (0.76). 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 AMJB?: Over the past year, the stocks most inversely correlated with Alerian MLP Index ETNs due January 28 2044 (AMJB) are ERY (-0.56), DUG (-0.56) and OILD (-0.55). 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 AMJB correlations calculated?: We compute the correlation of daily returns between AMJB 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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