Citizens Financial Group, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (CFGpI) — Stock Correlations & Overview
Over the past year, CFGpI has moved most closely with MOTG, CFGpH, CFGpE. Explore the stocks most correlated and inversely correlated with CFGpI below, along with its price, financials, and company profile.
Stocks correlated with CFGpI
Correlation of daily returns. Higher positive values move with CFGpI; negative values move opposite it. Informational only, not investment advice.
Most correlated with CFGpI
| Symbol | Company | Correlation |
|---|---|---|
| MOTG | VanEck Morningstar Global Wide Moat ETF | 0.45 |
| CFGpH | Citizens Financial Group, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.375% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series HSTATE COMMERCIAL BANKS | 0.43 |
| CFGpE | Citizens Financial Group, Inc.Depositary Shares Each Representing 1/40th Interest in a Share of 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series ESTATE COMMERCIAL BANKS | 0.43 |
| KCAI | KraneShares China Alpha Index ETF | 0.42 |
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | 0.42 |
Most inversely correlated with CFGpI
| Symbol | Company | Correlation |
|---|---|---|
| ANNA | AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | -0.33 |
| HXHX | Haoxin Holdings Limited Class A Ordinary Shares | -0.31 |
| UGA | United States Gasoline Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.26 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.25 |
Frequently asked questions about CFGpI correlations
- Which stocks are most correlated with CFGpI?
- Based on one year of daily returns, the stocks most correlated with Citizens Financial Group, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (CFGpI) are MOTG (0.45), CFGpH (0.43) and CFGpE (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 CFGpI?
- Over the past year, the stocks most inversely correlated with Citizens Financial Group, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (CFGpI) are ANNA (-0.33), HXHX (-0.31) and UGA (-0.26). 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 CFGpI correlations calculated?
- We compute the correlation of daily returns between CFGpI 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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