Associated Banc-Corp Depositary Shares, each representing a 1/40th interest in a share of Associated Banc-Corp 5. 625% Non-Cumulative Perpetual Preferred Stock, Series F (ASBpF) — Stock Correlations & Overview
Over the past year, ASBpF has moved most closely with UNMA, EMP, STTpG. Explore the stocks most correlated and inversely correlated with ASBpF below, along with its price, financials, and company profile.
Stocks correlated with ASBpF
Correlation of daily returns. Higher positive values move with ASBpF; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASBpF
| Symbol | Company | Correlation |
|---|---|---|
| UNMA | Unum Group 6.250% Junior Subordinated Notes due 2058ACCIDENT & HEALTH INSURANCE | 0.43 |
| EMP | Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES | 0.43 |
| STTpG | State Street Corporation Depositary shares, each representing a 1/4,000th ownership interest in a share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series GSTATE COMMERCIAL BANKS | 0.42 |
| USBpR | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.41 |
| USBpQ | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.41 |
Most inversely correlated with ASBpF
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.26 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.26 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.24 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.24 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.24 |
Frequently asked questions about ASBpF correlations
- Which stocks are most correlated with ASBpF?
- Based on one year of daily returns, the stocks most correlated with Associated Banc-Corp Depositary Shares, each representing a 1/40th interest in a share of Associated Banc-Corp 5. 625% Non-Cumulative Perpetual Preferred Stock, Series F (ASBpF) are UNMA (0.43), EMP (0.43) and STTpG (0.42). 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 ASBpF?
- Over the past year, the stocks most inversely correlated with Associated Banc-Corp Depositary Shares, each representing a 1/40th interest in a share of Associated Banc-Corp 5. 625% Non-Cumulative Perpetual Preferred Stock, Series F (ASBpF) are TBT (-0.26), TMV (-0.26) and TTT (-0.24). 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 ASBpF correlations calculated?
- We compute the correlation of daily returns between ASBpF 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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