Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ (BACpQ) — Stock Correlations & Overview
Over the past year, BACpQ has moved most closely with BACpS, BACpP, BACpO. Explore the stocks most correlated and inversely correlated with BACpQ below, along with its price, financials, and company profile.
Stocks correlated with BACpQ
Correlation of daily returns. Higher positive values move with BACpQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BACpQ
| 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 | 0.88 |
| 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 | 0.78 |
| BACpO | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NNNATIONAL COMMERCIAL BANKS | 0.77 |
| 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 | 0.74 |
| JPMpM | JPMorgan Chase & Co. Depositary Shares, each representing a 1/400th interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MMNATIONAL COMMERCIAL BANKS | 0.73 |
Most inversely correlated with BACpQ
| Symbol | Company | Correlation |
|---|---|---|
| PFIX | Simplify Interest Rate Hedge ETF | -0.50 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.48 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.47 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.47 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.46 |
Frequently asked questions about BACpQ correlations
- Which stocks are most correlated with BACpQ?
- Based on one year of daily returns, the stocks most correlated with Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ (BACpQ) are BACpS (0.88), BACpP (0.78) and BACpO (0.77). 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 BACpQ?
- Over the past year, the stocks most inversely correlated with Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ (BACpQ) are PFIX (-0.50), TMV (-0.48) and TBT (-0.47). 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 BACpQ correlations calculated?
- We compute the correlation of daily returns between BACpQ 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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