The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) — Stock Correlations & Overview
Over the past year, CGABL has moved most closely with BACpQ, BACpS, BACpB. Explore the stocks most correlated and inversely correlated with CGABL below, along with its price, financials, and company profile.
Stocks correlated with CGABL
Correlation of daily returns. Higher positive values move with CGABL; negative values move opposite it. Informational only, not investment advice.
Most correlated with CGABL
| Symbol | Company | Correlation |
|---|---|---|
| BACpQ | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQNATIONAL COMMERCIAL BANKS | 0.54 |
| BACpS | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SSNATIONAL COMMERCIAL BANKS | 0.49 |
| BACpB | Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GGNATIONAL COMMERCIAL BANKS | 0.48 |
| PGX | Invesco Preferred ETFINVESTMENT ADVICE | 0.47 |
| PFFD | Global X U.S. Preferred ETF | 0.46 |
Most inversely correlated with CGABL
| Symbol | Company | Correlation |
|---|---|---|
| EPV | ProShares UltraShort FTSE Europe | -0.37 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.36 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.34 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.33 |
Frequently asked questions about CGABL correlations
- Which stocks are most correlated with CGABL?
- Based on one year of daily returns, the stocks most correlated with The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) are BACpQ (0.54), BACpS (0.49) and BACpB (0.48). 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 CGABL?
- Over the past year, the stocks most inversely correlated with The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) are EPV (-0.37), CARD (-0.36) and EFZ (-0.36). 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 CGABL correlations calculated?
- We compute the correlation of daily returns between CGABL 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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