AXIS Capital Holdings Limited Depositary Shares, each representing 1/100th interest in a share of the Issuers 5.50% Series E Preferred Shares (AXSpE) — Stock Correlations & Overview
Over the past year, AXSpE has moved most closely with USBpS, USBpR, CMSC. Explore the stocks most correlated and inversely correlated with AXSpE below, along with its price, financials, and company profile.
Stocks correlated with AXSpE
Correlation of daily returns. Higher positive values move with AXSpE; negative values move opposite it. Informational only, not investment advice.
Most correlated with AXSpE
| Symbol | Company | Correlation |
|---|---|---|
| USBpS | U.S. Bancorp Depositary Shares, each representing a 1/1, 000th interest in a share of Series O Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.63 |
| 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 | 0.61 |
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.60 |
| EMP | Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES | 0.60 |
| USBpP | U.S. Bancorp Depositary Shares each representing a 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.59 |
Most inversely correlated with AXSpE
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.32 |
| SETH | ProShares Short Ether ETF | -0.31 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.31 |
| ETHD | ProShares UltraShort Ether ETF | -0.31 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.30 |
Frequently asked questions about AXSpE correlations
- Which stocks are most correlated with AXSpE?
- Based on one year of daily returns, the stocks most correlated with AXIS Capital Holdings Limited Depositary Shares, each representing 1/100th interest in a share of the Issuers 5.50% Series E Preferred Shares (AXSpE) are USBpS (0.63), USBpR (0.61) and CMSC (0.60). 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 AXSpE?
- Over the past year, the stocks most inversely correlated with AXIS Capital Holdings Limited Depositary Shares, each representing 1/100th interest in a share of the Issuers 5.50% Series E Preferred Shares (AXSpE) are SARK (-0.32), SETH (-0.31) and TBT (-0.31). 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 AXSpE correlations calculated?
- We compute the correlation of daily returns between AXSpE 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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