Bank of Hawaii Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (BOHpB) — Stock Correlations & Overview
Over the past year, BOHpB has moved most closely with TBB, DDT, HYTR. Explore the stocks most correlated and inversely correlated with BOHpB below, along with its price, financials, and company profile.
Stocks correlated with BOHpB
Correlation of daily returns. Higher positive values move with BOHpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with BOHpB
| Symbol | Company | Correlation |
|---|---|---|
| TBB | AT&T Inc. 5.350 Percent Global Notes due 2066TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | 0.44 |
| DDT | Dillard's Capital Trust I 7.50% Capital SecuritiesRETAIL-DEPARTMENT STORES | 0.40 |
| HYTR | Counterpoint High Yield Trend ETF | 0.40 |
| ZTOP | F/m High Yield 100 ETF | 0.38 |
| PFFD | Global X U.S. Preferred ETF | 0.37 |
Frequently asked questions about BOHpB correlations
- Which stocks are most correlated with BOHpB?
- 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 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (BOHpB) are TBB (0.44), DDT (0.40) and HYTR (0.40). 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 BOHpB?
- 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 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (BOHpB) are SDD (-0.33), SRTY (-0.33) and RWM (-0.33). 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 BOHpB correlations calculated?
- We compute the correlation of daily returns between BOHpB 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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