Which stocks are most correlated with BIPI?

Based on one year of daily returns, the stocks most correlated with BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) are BIPH (0.56), SOJC (0.50) and GPJA (0.48). 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 BIPI?

Over the past year, the stocks most inversely correlated with BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) are SETH (-0.25), ETHD (-0.23) and BITI (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.

BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) — Stock Correlations & Overview

Over the past year, BIPI has moved most closely with BIPH, SOJC, GPJA. Explore the stocks most correlated and inversely correlated with BIPI below, along with its price, financials, and company profile.

Stocks correlated with BIPI

Correlation of daily returns. Higher positive values move with BIPI; negative values move opposite it. Informational only, not investment advice.

Most correlated with BIPI

Symbol	Company	Correlation
BIPH	Brookfield Infrastructure Finance ULC 5.000% Subordinated Notes due 2081	0.56
SOJC	The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES	0.50
GPJA	Georgia Power Company Series 2017A 5.00 Percent Junior Subordinated Notes due October 1, 2077ELECTRIC SERVICES	0.48
EAI	Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066ELECTRIC SERVICES	0.47
BEPI	Brookfield BRP Holdings (Canada) Inc. 4.875% Perpetual Subordinated Notes	0.47

Most inversely correlated with BIPI

Symbol	Company	Correlation
SETH	ProShares Short Ether ETF	-0.25
ETHD	ProShares UltraShort Ether ETF	-0.23
BITI	ProShares Short Bitcoin ETF	-0.23
EFZ	ProShares Trust Short MSCI EAFE	-0.22
DXR	Daxor Corporation Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	-0.22

Frequently asked questions about BIPI correlations

Which stocks are most correlated with BIPI?: Based on one year of daily returns, the stocks most correlated with BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) are BIPH (0.56), SOJC (0.50) and GPJA (0.48). 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 BIPI?: Over the past year, the stocks most inversely correlated with BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) are SETH (-0.25), ETHD (-0.23) and BITI (-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 BIPI correlations calculated?: We compute the correlation of daily returns between BIPI 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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