Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG (BACpB) — Stock Correlations & Overview
Over the past year, BACpB has moved most closely with BACpS, BACpQ, PRS. Explore the stocks most correlated and inversely correlated with BACpB below, along with its price, financials, and company profile.
Stocks correlated with BACpB
Correlation of daily returns. Higher positive values move with BACpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with BACpB
| Symbol | Company | Correlation |
|---|---|---|
| BACpS | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SSNATIONAL COMMERCIAL BANKS | 0.70 |
| BACpQ | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQNATIONAL COMMERCIAL BANKS | 0.68 |
| PRS | Prudential Financial, Inc. 5.625% Junior Subordinated Notes due 2058LIFE INSURANCE | 0.62 |
| METpF | MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.75% Non-Cumulative Preferred Stock, Series FLIFE INSURANCE | 0.59 |
| BACpP | Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non- Cumulative Preferred Stock, Series PPNATIONAL COMMERCIAL BANKS | 0.58 |
Most inversely correlated with BACpB
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.41 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.40 |
| TWM | ProShares UltraShort Russell2000 | -0.40 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.40 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.39 |
Frequently asked questions about BACpB correlations
- Which stocks are most correlated with BACpB?
- Based on one year of daily returns, the stocks most correlated with Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG (BACpB) are BACpS (0.70), BACpQ (0.68) and PRS (0.62). 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 BACpB?
- Over the past year, the stocks most inversely correlated with Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG (BACpB) are FLYD (-0.41), TZA (-0.40) and TWM (-0.40). 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 BACpB correlations calculated?
- We compute the correlation of daily returns between BACpB 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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