Which stocks are most correlated with EAI?

Based on one year of daily returns, the stocks most correlated with Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066 (EAI) are ELC (0.81), SOJC (0.76) and EMP (0.70). 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 EAI?

Over the past year, the stocks most inversely correlated with Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066 (EAI) are SBB (-0.34), SDD (-0.34) and RWM (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066 (EAI) — Stock Correlations & Overview

Over the past year, EAI has moved most closely with ELC, SOJC, EMP. Explore the stocks most correlated and inversely correlated with EAI below, along with its price, financials, and company profile.

Stocks correlated with EAI

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

Most correlated with EAI

Symbol	Company	Correlation
ELC	Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066ELECTRIC SERVICES	0.81
SOJC	The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES	0.76
EMP	Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES	0.70
RNRpF	RenaissanceRe Holdings Ltd. Depositary Shares, each Representing a 1/1,000th Interest in a 5.750% Series F Preference ShareFIRE, MARINE & CASUALTY INSURANCE	0.68
METpE	MetLife, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.625% Non-Cumulative Preferred Stock, Series ELIFE INSURANCE	0.66

Most inversely correlated with EAI

Symbol	Company	Correlation
SBB	ProShares Short SmallCap600	-0.34
SDD	ProShares UltraShort SmallCap600	-0.34
RWM	ProShares Short Russell2000	-0.34
SRTY	ProShares UltraPro Short Russell2000	-0.33
TWM	ProShares UltraShort Russell2000	-0.33

Frequently asked questions about EAI correlations

Which stocks are most correlated with EAI?: Based on one year of daily returns, the stocks most correlated with Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066 (EAI) are ELC (0.81), SOJC (0.76) and EMP (0.70). 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 EAI?: Over the past year, the stocks most inversely correlated with Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066 (EAI) are SBB (-0.34), SDD (-0.34) and RWM (-0.34). 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 EAI correlations calculated?: We compute the correlation of daily returns between EAI 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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