Bank of America Depositary Shares(Each representing 1/1200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series4) (BMLpJ) — Stock Correlations & Overview
Over the past year, BMLpJ has moved most closely with PFH, MSpA, BMLpH. Explore the stocks most correlated and inversely correlated with BMLpJ below, along with its price, financials, and company profile.
Stocks correlated with BMLpJ
Correlation of daily returns. Higher positive values move with BMLpJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BMLpJ
| Symbol | Company | Correlation |
|---|---|---|
| PFH | Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060LIFE INSURANCE | 0.46 |
| MSpA | Morgan Stanley Floating Rate non-cumulative Preferred Series ASECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.45 |
| BMLpH | Bank Of America Corporation Depositary Shares(Each representing a 1/1200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock Series,2)NATIONAL COMMERCIAL BANKS | 0.43 |
| DTG | DTE Energy Company 2021 Series E 4.375% Junior Subordinated DebenturesELECTRIC SERVICES | 0.42 |
| BMLpL | Bank of America Depositary Shares(Each representing 1/1200th interest in a share of Bank of America Corporation Floating Rate Non-Comulative Preferred Stock, Series5)NATIONAL COMMERCIAL BANKS | 0.41 |
Most inversely correlated with BMLpJ
| Symbol | Company | Correlation |
|---|---|---|
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.25 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.25 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.25 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.25 |
| BITI | ProShares Short Bitcoin ETF | -0.25 |
Frequently asked questions about BMLpJ correlations
- Which stocks are most correlated with BMLpJ?
- Based on one year of daily returns, the stocks most correlated with Bank of America Depositary Shares(Each representing 1/1200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series4) (BMLpJ) are PFH (0.46), MSpA (0.45) and BMLpH (0.43). 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 BMLpJ?
- Over the past year, the stocks most inversely correlated with Bank of America Depositary Shares(Each representing 1/1200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series4) (BMLpJ) are QQDN (-0.25), BTAL (-0.25) and BERZ (-0.25). 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 BMLpJ correlations calculated?
- We compute the correlation of daily returns between BMLpJ 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.