Bank of Hawaii Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 4.375% Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series A (BOHpA) — Stock Correlations & Overview
Over the past year, BOHpA has moved most closely with BEPpA, EPRF, CMSC. Explore the stocks most correlated and inversely correlated with BOHpA below, along with its price, financials, and company profile.
Stocks correlated with BOHpA
Correlation of daily returns. Higher positive values move with BOHpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with BOHpA
| Symbol | Company | Correlation |
|---|---|---|
| BEPpA | Brookfield Renewable Partners L.P. 5.25% Class A Preferred Limited Partnership Units, Series 17 | 0.48 |
| EPRF | Innovator S&P Investment Grade Preferred ETF | 0.46 |
| CMSC | CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED | 0.44 |
| VNOpL | VORNADO REALTY TRUST 5.40% Series L Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25.00 per shareREAL ESTATE INVESTMENT TRUSTS | 0.44 |
| ALLpI | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.41 |
Most inversely correlated with BOHpA
| Symbol | Company | Correlation |
|---|---|---|
| SRTY | ProShares UltraPro Short Russell2000 | -0.32 |
| TWM | ProShares UltraShort Russell2000 | -0.32 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.32 |
| RWM | ProShares Short Russell2000 | -0.32 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.31 |
Frequently asked questions about BOHpA correlations
- Which stocks are most correlated with BOHpA?
- Based on one year of daily returns, the stocks most correlated with Bank of Hawaii Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 4.375% Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series A (BOHpA) are BEPpA (0.48), EPRF (0.46) and CMSC (0.44). 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 BOHpA?
- Over the past year, the stocks most inversely correlated with Bank of Hawaii Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 4.375% Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series A (BOHpA) are SRTY (-0.32), TWM (-0.32) and TZA (-0.32). 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 BOHpA correlations calculated?
- We compute the correlation of daily returns between BOHpA 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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