Which stocks are most correlated with CAM?

Based on one year of daily returns, the stocks most correlated with AB California Intermediate Municipal ETF (CAM) are MUNI (0.86), JMUB (0.86) and TFI (0.85). 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 CAM?

Over the past year, the stocks most inversely correlated with AB California Intermediate Municipal ETF (CAM) are PST (-0.61), TYO (-0.60) and TBX (-0.60). A negative correlation means the two stocks have tended to move in opposite directions.

AB California Intermediate Municipal ETF (CAM) — Stock Correlations & Overview

Over the past year, CAM has moved most closely with MUNI, JMUB, TFI. Explore the stocks most correlated and inversely correlated with CAM below, along with its price, financials, and company profile.

Stocks correlated with CAM

Correlation of daily returns. Higher positive values move with CAM; negative values move opposite it. Informational only, not investment advice.

Most correlated with CAM

Symbol	Company	Correlation
MUNI	PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund	0.86
JMUB	JPMorgan Municipal ETF	0.86
TFI	State Street SPDR Nuveen ICE Municipal Bond ETF	0.85
VTEB	Vanguard Tax-Exempt Bond Index Fund	0.85
NYF	iShares New York Muni Bond ETF	0.85

Most inversely correlated with CAM

Symbol	Company	Correlation
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.61
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.60
TBX	ProShares Short 7-10 Year Treasury	-0.60
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.56
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.55

Frequently asked questions about CAM correlations

Which stocks are most correlated with CAM?: Based on one year of daily returns, the stocks most correlated with AB California Intermediate Municipal ETF (CAM) are MUNI (0.86), JMUB (0.86) and TFI (0.85). 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 CAM?: Over the past year, the stocks most inversely correlated with AB California Intermediate Municipal ETF (CAM) are PST (-0.61), TYO (-0.60) and TBX (-0.60). 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 CAM correlations calculated?: We compute the correlation of daily returns between CAM 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.