Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) — Stock Correlations & Overview
Over the past year, BIPJ has moved most closely with PFFA, SOJC, PSApF. Explore the stocks most correlated and inversely correlated with BIPJ below, along with its price, financials, and company profile.
Stocks correlated with BIPJ
Correlation of daily returns. Higher positive values move with BIPJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BIPJ
| Symbol | Company | Correlation |
|---|---|---|
| PFFA | Virtus InfraCap U.S. Preferred Stock ETF | 0.33 |
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.32 |
| PSApF | Public Storage Depositary Shares Each Representing 1/1,000 of a 5.15% Cumulative Preferred Share of Beneficial Interest, Series F, par value $0.01 per shareREAL ESTATE INVESTMENT TRUSTS | 0.32 |
| PSApJ | Public Storage Depositary Shares Each Representing 1/1,000 of a 4.700% Cumulative Preferred Share of Beneficial Interest, Series JREAL ESTATE INVESTMENT TRUSTS | 0.32 |
| BIPH | Brookfield Infrastructure Finance ULC 5.000% Subordinated Notes due 2081 | 0.31 |
Most inversely correlated with BIPJ
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.23 |
| RDAC | Rising Dragon Acquisition Corp. Ordinary SharesBLANK CHECKS | -0.22 |
| BRID | Bridgford Foods CorpSAUSAGES & OTHER PREPARED MEAT PRODUCTS | -0.21 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.18 |
| PHXEp | Phoenix Energy One, LLC Series A Cumulative Redeemable Preferred SharesCRUDE PETROLEUM & NATURAL GAS | -0.18 |
Frequently asked questions about BIPJ correlations
- Which stocks are most correlated with BIPJ?
- Based on one year of daily returns, the stocks most correlated with Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) are PFFA (0.33), SOJC (0.32) and PSApF (0.32). 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 BIPJ?
- Over the past year, the stocks most inversely correlated with Brookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084 (BIPJ) are EMTY (-0.23), RDAC (-0.22) and BRID (-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 BIPJ correlations calculated?
- We compute the correlation of daily returns between BIPJ 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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