Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) — Stock Correlations & Overview
Over the past year, ASBA has moved most closely with DUKpA, EMP, FpC. Explore the stocks most correlated and inversely correlated with ASBA below, along with its price, financials, and company profile.
Stocks correlated with ASBA
Correlation of daily returns. Higher positive values move with ASBA; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASBA
| Symbol | Company | Correlation |
|---|---|---|
| DUKpA | Duke Energy Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred StockELECTRIC & OTHER SERVICES COMBINED | 0.45 |
| EMP | Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES | 0.45 |
| FpC | Ford Motor Company 6.000% Notes due December 1, 2059MOTOR VEHICLES & PASSENGER CAR BODIES | 0.45 |
| DTG | DTE Energy Company 2021 Series E 4.375% Junior Subordinated DebenturesELECTRIC SERVICES | 0.42 |
| SCHWpJ | The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.42 |
Most inversely correlated with ASBA
| Symbol | Company | Correlation |
|---|---|---|
| SCC | ProShares UltraShort Consumer Discretionary | -0.33 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.31 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.29 |
| TSDD | GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF | -0.29 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.29 |
Frequently asked questions about ASBA correlations
- Which stocks are most correlated with ASBA?
- Based on one year of daily returns, the stocks most correlated with Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) are DUKpA (0.45), EMP (0.45) and FpC (0.45). 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 ASBA?
- Over the past year, the stocks most inversely correlated with Associated Banc-Corp 6.625% Fixed-Rate Reset Subordinated Notes due 2033 (ASBA) are SCC (-0.33), CARD (-0.31) and TZA (-0.29). 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 ASBA correlations calculated?
- We compute the correlation of daily returns between ASBA 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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