Which stocks are most correlated with ELC?

Based on one year of daily returns, the stocks most correlated with Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) are EAI (0.81), SOJC (0.71) and EMP (0.67). 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 ELC?

Over the past year, the stocks most inversely correlated with Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) are SDD (-0.42), SBB (-0.41) and RWM (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) — Stock Correlations & Overview

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

Stocks correlated with ELC

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

Most correlated with ELC

Symbol	Company	Correlation
EAI	Entergy Arkansas, LLC First 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	0.71
EMP	Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES	0.67
RNRpF	RenaissanceRe Holdings Ltd. Depositary Shares, each Representing a 1/1,000th Interest in a 5.750% Series F Preference ShareFIRE, MARINE & CASUALTY INSURANCE	0.65
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	0.63

Most inversely correlated with ELC

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.42
SBB	ProShares Short SmallCap600	-0.41
RWM	ProShares Short Russell2000	-0.41
TWM	ProShares UltraShort Russell2000	-0.41
SRTY	ProShares UltraPro Short Russell2000	-0.41

Frequently asked questions about ELC correlations

Which stocks are most correlated with ELC?: Based on one year of daily returns, the stocks most correlated with Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) are EAI (0.81), SOJC (0.71) and EMP (0.67). 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 ELC?: Over the past year, the stocks most inversely correlated with Entergy Louisiana, LLC Collateral Trust Mortgage Bonds, 4.875 % Series due September 1, 2066 (ELC) are SDD (-0.42), SBB (-0.41) and RWM (-0.41). 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 ELC correlations calculated?: We compute the correlation of daily returns between ELC 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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