Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Ownership Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N (COFpN) — Stock Correlations & Overview
Over the past year, COFpN has moved most closely with COFpL, COFpJ, COFpI. Explore the stocks most correlated and inversely correlated with COFpN below, along with its price, financials, and company profile.
Stocks correlated with COFpN
Correlation of daily returns. Higher positive values move with COFpN; negative values move opposite it. Informational only, not investment advice.
Most correlated with COFpN
| Symbol | Company | Correlation |
|---|---|---|
| COFpL | Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series LNATIONAL COMMERCIAL BANKS | 0.87 |
| COFpJ | Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series JNATIONAL COMMERCIAL BANKS | 0.86 |
| COFpI | Capital One Financial Corporation Depositary shares each representing a 1/40th interest in a share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series INATIONAL COMMERCIAL BANKS | 0.85 |
| COFpK | Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Ownership Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series KNATIONAL COMMERCIAL BANKS | 0.83 |
| PGF | Invesco Financial Preferred ETF | 0.73 |
Frequently asked questions about COFpN correlations
- Which stocks are most correlated with COFpN?
- Based on one year of daily returns, the stocks most correlated with Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Ownership Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N (COFpN) are COFpL (0.87), COFpJ (0.86) and COFpI (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 COFpN?
- Over the past year, the stocks most inversely correlated with Capital One Financial Corporation Depositary Shares, Each Representing a 1/40th Ownership Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series N (COFpN) are RWM (-0.45), SPXS (-0.45) and SPXU (-0.45). 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 COFpN correlations calculated?
- We compute the correlation of daily returns between COFpN 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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