Bank of America Corporation Depositary Shares (representing 1/1,000th of a share of Floating Rate Non-Cumalative Preferred Stock, Series E) (BACpE) — Stock Correlations & Overview
Over the past year, BACpE has moved most closely with BMLpL, BMLpJ, ACGLO. Explore the stocks most correlated and inversely correlated with BACpE below, along with its price, financials, and company profile.
Stocks correlated with BACpE
Correlation of daily returns. Higher positive values move with BACpE; negative values move opposite it. Informational only, not investment advice.
Most correlated with BACpE
| Symbol | Company | Correlation |
|---|---|---|
| BMLpL | Bank of America Depositary Shares(Each representing 1/1200th interest in a share of Bank of America Corporation Floating Rate Non-Comulative Preferred Stock, Series5)NATIONAL COMMERCIAL BANKS | 0.44 |
| BMLpJ | Bank of America Depositary Shares(Each representing 1/1200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series4)NATIONAL COMMERCIAL BANKS | 0.40 |
| ACGLO | Arch Capital Group Ltd. Depositary Shares Each Representing 1/1,000th Interest in a Share of 5.45% Non-Cumulative Preferred Shares, Series FFIRE, MARINE & CASUALTY INSURANCE | 0.39 |
| 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 | 0.37 |
| 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 | 0.36 |
Most inversely correlated with BACpE
| Symbol | Company | Correlation |
|---|---|---|
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.29 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.22 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.21 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.21 |
| SSG | ProShares UltraShort Semiconductors | -0.21 |
Frequently asked questions about BACpE correlations
- Which stocks are most correlated with BACpE?
- Based on one year of daily returns, the stocks most correlated with Bank of America Corporation Depositary Shares (representing 1/1,000th of a share of Floating Rate Non-Cumalative Preferred Stock, Series E) (BACpE) are BMLpL (0.44), BMLpJ (0.40) and ACGLO (0.39). 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 BACpE?
- Over the past year, the stocks most inversely correlated with Bank of America Corporation Depositary Shares (representing 1/1,000th of a share of Floating Rate Non-Cumalative Preferred Stock, Series E) (BACpE) are SLTY (-0.29), SARK (-0.22) and BTAL (-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 BACpE correlations calculated?
- We compute the correlation of daily returns between BACpE 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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