Brookfield Infrastructure Partners L.P. 5.125% Class A Preferred Limited Partnership Units, Series 13 (BIPpA) — Stock Correlations & Overview
Over the past year, BIPpA has moved most closely with BIPpB, EAI, BIPH. Explore the stocks most correlated and inversely correlated with BIPpA below, along with its price, financials, and company profile.
Stocks correlated with BIPpA
Correlation of daily returns. Higher positive values move with BIPpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with BIPpA
| Symbol | Company | Correlation |
|---|---|---|
| BIPpB | Brookfield Infrastructure Partners L.P. 5.000% Class A Preferred Limited Partnership Units, Series 14 | 0.63 |
| EAI | Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066ELECTRIC SERVICES | 0.42 |
| BIPH | Brookfield Infrastructure Finance ULC 5.000% Subordinated Notes due 2081 | 0.42 |
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.41 |
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.40 |
Most inversely correlated with BIPpA
| Symbol | Company | Correlation |
|---|---|---|
| XOM | ExxonMobil Holdings CorporationPETROLEUM REFINING | -0.27 |
| XOMO | YieldMax XOM Option Income Strategy ETF | -0.27 |
| XOMX | Direxion Shares ETF Trust Direxion Daily XOM Bull 2X ETF | -0.27 |
| TVGNW | Tevogen Inc. WarrantBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.25 |
| GXPE | Global X PureCap MSCI Energy ETF | -0.21 |
Frequently asked questions about BIPpA correlations
- Which stocks are most correlated with BIPpA?
- Based on one year of daily returns, the stocks most correlated with Brookfield Infrastructure Partners L.P. 5.125% Class A Preferred Limited Partnership Units, Series 13 (BIPpA) are BIPpB (0.63), EAI (0.42) and BIPH (0.42). 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 BIPpA?
- Over the past year, the stocks most inversely correlated with Brookfield Infrastructure Partners L.P. 5.125% Class A Preferred Limited Partnership Units, Series 13 (BIPpA) are XOM (-0.27), XOMO (-0.27) and XOMX (-0.27). 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 BIPpA correlations calculated?
- We compute the correlation of daily returns between BIPpA 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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