DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080 (DTB) — Stock Correlations & Overview
Over the past year, DTB has moved most closely with USBpS, USBpR, USBpQ. Explore the stocks most correlated and inversely correlated with DTB below, along with its price, financials, and company profile.
Stocks correlated with DTB
Correlation of daily returns. Higher positive values move with DTB; negative values move opposite it. Informational only, not investment advice.
Most correlated with DTB
| Symbol | Company | Correlation |
|---|---|---|
| USBpS | U.S. Bancorp Depositary Shares, each representing a 1/1, 000th interest in a share of Series O Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.73 |
| USBpR | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series M Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.73 |
| USBpQ | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.73 |
| ALLpH | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.73 |
| MSpL | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.70 |
Most inversely correlated with DTB
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.41 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.41 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.40 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.40 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.38 |
Frequently asked questions about DTB correlations
- Which stocks are most correlated with DTB?
- Based on one year of daily returns, the stocks most correlated with DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080 (DTB) are USBpS (0.73), USBpR (0.73) and USBpQ (0.73). 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 DTB?
- Over the past year, the stocks most inversely correlated with DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080 (DTB) are TBT (-0.41), TBF (-0.41) and TMV (-0.40). 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 DTB correlations calculated?
- We compute the correlation of daily returns between DTB 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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