Which stocks are most correlated with ENO?

Based on one year of daily returns, the stocks most correlated with Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) are EMP (0.67), ALLpH (0.61) and CMSC (0.60). 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 ENO?

Over the past year, the stocks most inversely correlated with Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) are TTT (-0.35), TBT (-0.34) and TBF (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) — Stock Correlations & Overview

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

Stocks correlated with ENO

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

Most correlated with ENO

Symbol	Company	Correlation
EMP	Entergy Mississippi, LLC First Mortgage Bonds, 4.90% Series due October 1, 2066ELECTRIC SERVICES	0.67
ALLpH	The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE	0.61
CMSC	CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078ELECTRIC & OTHER SERVICES COMBINED	0.60
MSpK	Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series KSECURITY BROKERS, DEALERS & FLOTATION COMPANIES	0.60
EAI	Entergy Arkansas, LLC First Mortgage Bonds, 4.875% Series due September 1, 2066ELECTRIC SERVICES	0.59

Most inversely correlated with ENO

Symbol	Company	Correlation
TTT	ProShares UltraPro Short 20+ Year Treasury	-0.35
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.34
TBF	ProShares Short 20+ Year Treasury ETF	-0.33
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.32
SDD	ProShares UltraShort SmallCap600	-0.32

Frequently asked questions about ENO correlations

Which stocks are most correlated with ENO?: Based on one year of daily returns, the stocks most correlated with Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) are EMP (0.67), ALLpH (0.61) and CMSC (0.60). 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 ENO?: Over the past year, the stocks most inversely correlated with Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 (ENO) are TTT (-0.35), TBT (-0.34) and TBF (-0.33). 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 ENO correlations calculated?: We compute the correlation of daily returns between ENO 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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