Brookfield Renewable Partners L.P. 5.25% Class A Preferred Limited Partnership Units, Series 17 (BEPpA) — Stock Correlations & Overview
Over the past year, BEPpA has moved most closely with CMSC, BOHpA, BPYPO. Explore the stocks most correlated and inversely correlated with BEPpA below, along with its price, financials, and company profile.
Stocks correlated with BEPpA
Correlation of daily returns. Higher positive values move with BEPpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with BEPpA
| Symbol | Company | Correlation |
|---|---|---|
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.48 |
| BOHpA | Bank of Hawaii Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 4.375% Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series ASTATE COMMERCIAL BANKS | 0.48 |
| BPYPO | Brookfield Property Partners L.P. 6.375% Class A Cumulative Redeemable Perpetual Preferred Units, Series 2 | 0.41 |
| GPJA | Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077ELECTRIC SERVICES | 0.41 |
| FBRTpE | Franklin BSP Realty Trust, Inc. 7.50% Series E Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.41 |
Most inversely correlated with BEPpA
| Symbol | Company | Correlation |
|---|---|---|
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.24 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.23 |
| USOY | Defiance Oil Enhanced Options Income ETF | -0.23 |
| XOS | Xos, Inc. Common StockMOTOR VEHICLE PARTS & ACCESSORIES | -0.23 |
| VET | VERMILION ENERGY INC. | -0.23 |
Frequently asked questions about BEPpA correlations
- Which stocks are most correlated with BEPpA?
- Based on one year of daily returns, the stocks most correlated with Brookfield Renewable Partners L.P. 5.25% Class A Preferred Limited Partnership Units, Series 17 (BEPpA) are CMSC (0.48), BOHpA (0.48) and BPYPO (0.41). 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 BEPpA?
- Over the past year, the stocks most inversely correlated with Brookfield Renewable Partners L.P. 5.25% Class A Preferred Limited Partnership Units, Series 17 (BEPpA) are QQDN (-0.24), SLTY (-0.23) and USOY (-0.23). 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 BEPpA correlations calculated?
- We compute the correlation of daily returns between BEPpA 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.