ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) — Stock Correlations & Overview
Over the past year, AMUB has moved most closely with MLPB, ATMP, MLPR. Explore the stocks most correlated and inversely correlated with AMUB below, along with its price, financials, and company profile.
Stocks correlated with AMUB
Correlation of daily returns. Higher positive values move with AMUB; negative values move opposite it. Informational only, not investment advice.
Most correlated with AMUB
| Symbol | Company | Correlation |
|---|---|---|
| MLPB | ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 | 0.93 |
| ATMP | iPath Select MLP ETN | 0.92 |
| MLPR | ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN | 0.92 |
| AMLP | Alerian MLP ETF | 0.90 |
| MLPA | Global X MLP ETF | 0.89 |
Most inversely correlated with AMUB
| Symbol | Company | Correlation |
|---|---|---|
| ERY | Direxion Daily Energy Bear 2X ETF | -0.66 |
| DUG | ProShares UltraShort Energy | -0.66 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.65 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.60 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.60 |
Frequently asked questions about AMUB correlations
- Which stocks are most correlated with AMUB?
- Based on one year of daily returns, the stocks most correlated with ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) are MLPB (0.93), ATMP (0.92) and MLPR (0.92). 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 AMUB?
- Over the past year, the stocks most inversely correlated with ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) are ERY (-0.66), DUG (-0.66) and OILD (-0.65). 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 AMUB correlations calculated?
- We compute the correlation of daily returns between AMUB 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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