Brookfield Infrastructure Partners L.P. 5.000% Class A Preferred Limited Partnership Units, Series 14 (BIPpB) — Stock Correlations & Overview
Over the past year, BIPpB has moved most closely with BIPpA, CMSC, RNRpF. Explore the stocks most correlated and inversely correlated with BIPpB below, along with its price, financials, and company profile.
Stocks correlated with BIPpB
Correlation of daily returns. Higher positive values move with BIPpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with BIPpB
| Symbol | Company | Correlation |
|---|---|---|
| BIPpA | Brookfield Infrastructure Partners L.P. 5.125% Class A Preferred Limited Partnership Units, Series 13 | 0.63 |
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.47 |
| RNRpF | RenaissanceRe Holdings Ltd. Depositary Shares, each Representing a 1/1,000th Interest in a 5.750% Series F Preference ShareFIRE, MARINE & CASUALTY INSURANCE | 0.46 |
| NEEpU | NextEra Energy Capital Holdings, Inc. Series U Junior Subordinated Debentures due June 1, 2085ELECTRIC SERVICES | 0.46 |
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.45 |
Most inversely correlated with BIPpB
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.28 |
| ARLO | Arlo Technologies, Inc.SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES | -0.25 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.23 |
| SDD | ProShares UltraShort SmallCap600 | -0.23 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.23 |
Frequently asked questions about BIPpB correlations
- Which stocks are most correlated with BIPpB?
- Based on one year of daily returns, the stocks most correlated with Brookfield Infrastructure Partners L.P. 5.000% Class A Preferred Limited Partnership Units, Series 14 (BIPpB) are BIPpA (0.63), CMSC (0.47) and RNRpF (0.46). 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 BIPpB?
- Over the past year, the stocks most inversely correlated with Brookfield Infrastructure Partners L.P. 5.000% Class A Preferred Limited Partnership Units, Series 14 (BIPpB) are SKRE (-0.28), ARLO (-0.25) and JETD (-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 BIPpB correlations calculated?
- We compute the correlation of daily returns between BIPpB 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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