First Busey Corporation Depositary Shares, Each Representing a 1/40thInterest in a Share of 8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred Stock (BUSEP) — Stock Correlations & Overview
Over the past year, BUSEP has moved most closely with SCHWpD, SCHWpJ, FpC. Explore the stocks most correlated and inversely correlated with BUSEP below, along with its price, financials, and company profile.
Stocks correlated with BUSEP
Correlation of daily returns. Higher positive values move with BUSEP; negative values move opposite it. Informational only, not investment advice.
Most correlated with BUSEP
| Symbol | Company | Correlation |
|---|---|---|
| SCHWpD | Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series DSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.50 |
| SCHWpJ | The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.45 |
| FpC | Ford Motor Company 6.000% Notes due December 1, 2059MOTOR VEHICLES & PASSENGER CAR BODIES | 0.44 |
| DUKpA | Duke Energy Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred StockELECTRIC & OTHER SERVICES COMBINED | 0.42 |
| DTG | DTE Energy Company 2021 Series E 4.375% Junior Subordinated DebenturesELECTRIC SERVICES | 0.42 |
Most inversely correlated with BUSEP
| Symbol | Company | Correlation |
|---|---|---|
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.24 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.24 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.23 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.23 |
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.21 |
Frequently asked questions about BUSEP correlations
- Which stocks are most correlated with BUSEP?
- Based on one year of daily returns, the stocks most correlated with First Busey Corporation Depositary Shares, Each Representing a 1/40thInterest in a Share of 8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred Stock (BUSEP) are SCHWpD (0.50), SCHWpJ (0.45) and FpC (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 BUSEP?
- Over the past year, the stocks most inversely correlated with First Busey Corporation Depositary Shares, Each Representing a 1/40thInterest in a Share of 8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred Stock (BUSEP) are AMZD (-0.24), QQQD (-0.24) and SCC (-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 BUSEP correlations calculated?
- We compute the correlation of daily returns between BUSEP 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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