Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 (AQNB) — Stock Correlations & Overview
Over the past year, AQNB has moved most closely with NREF, VLYPP, OXLCI. Explore the stocks most correlated and inversely correlated with AQNB below, along with its price, financials, and company profile.
Stocks correlated with AQNB
Correlation of daily returns. Higher positive values move with AQNB; negative values move opposite it. Informational only, not investment advice.
Most correlated with AQNB
| Symbol | Company | Correlation |
|---|---|---|
| NREF | NexPoint Real Estate Finance, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.43 |
| VLYPP | Valley National Bancorp 6.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series ANATIONAL COMMERCIAL BANKS | 0.43 |
| OXLCI | Oxford Lane Capital Corp. 8.75% Notes due 2030 | 0.41 |
| ADAMH | Adamas Trust, Inc. 9.875% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.39 |
| ADAMG | Adamas Trust, Inc. 9.125% Senior Notes Due 2030REAL ESTATE INVESTMENT TRUSTS | 0.34 |
Most inversely correlated with AQNB
| Symbol | Company | Correlation |
|---|---|---|
| CSBR | Champions Oncology, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.25 |
| RADX | Radiopharm Theranostics Limited American Depositary Shares | -0.24 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.21 |
| PULS | PGIM Ultra Short Bond ETF | -0.20 |
| LGCL | Lucas GC Limited Ordinary Shares | -0.20 |
Frequently asked questions about AQNB correlations
- Which stocks are most correlated with AQNB?
- Based on one year of daily returns, the stocks most correlated with Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 (AQNB) are NREF (0.43), VLYPP (0.43) and OXLCI (0.41). 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 AQNB?
- Over the past year, the stocks most inversely correlated with Algonquin Power & Utilities Corp. 6.20% Fixed-to-Floating Subordinated Notes Series 2019-A due July 1, 2079 (AQNB) are CSBR (-0.25), RADX (-0.24) and SKRE (-0.21). 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 AQNB correlations calculated?
- We compute the correlation of daily returns between AQNB 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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