Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK (BACpM) — Stock Correlations & Overview
Over the past year, BACpM has moved most closely with BACpN, STTpG, BACpS. Explore the stocks most correlated and inversely correlated with BACpM below, along with its price, financials, and company profile.
Stocks correlated with BACpM
Correlation of daily returns. Higher positive values move with BACpM; negative values move opposite it. Informational only, not investment advice.
Most correlated with BACpM
| Symbol | Company | Correlation |
|---|---|---|
| BACpN | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LLNATIONAL COMMERCIAL BANKS | 0.90 |
| 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 | 0.77 |
| 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 | 0.76 |
| MSpO | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series OSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.74 |
| 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 | 0.73 |
Frequently asked questions about BACpM correlations
- Which stocks are most correlated with BACpM?
- 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 5.375% Non-Cumulative Preferred Stock, Series KK (BACpM) are BACpN (0.90), STTpG (0.77) and BACpS (0.76). 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 BACpM?
- 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 5.375% Non-Cumulative Preferred Stock, Series KK (BACpM) are CARD (-0.49), RWM (-0.48) and SRTY (-0.48). 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 BACpM correlations calculated?
- We compute the correlation of daily returns between BACpM 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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