Which stocks are most correlated with ETIp?

Based on one year of daily returns, the stocks most correlated with Entergy Texas, Inc. 5.375% Series A Preferred Stock (ETIp) are RYM (0.24), DMB (0.24) and HIGpG (0.24). 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 ETIp?

Over the past year, the stocks most inversely correlated with Entergy Texas, Inc. 5.375% Series A Preferred Stock (ETIp) are AIXI (-0.26), HVII (-0.26) and NEXT (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Entergy Texas, Inc. 5.375% Series A Preferred Stock (ETIp) — Stock Correlations & Overview

Over the past year, ETIp has moved most closely with RYM, DMB, HIGpG. Explore the stocks most correlated and inversely correlated with ETIp below, along with its price, financials, and company profile.

Stocks correlated with ETIp

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

Most correlated with ETIp

Symbol	Company	Correlation
RYM	RYTHM, Inc. Common Stock	0.24
DMB	BNY Mellon Municipal Bond Infrastructure Fund, Inc.	0.24
HIGpG	The Hartford Insurance Group, Inc. Depositary Shares each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series G, $0.01 par valueFIRE, MARINE & CASUALTY INSURANCE	0.24
GNLpD	Global Net Lease, Inc. 7.50% Series D Cumulative Redeemable Perpetual Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.24
BCML	BayCom Corp Common StockSTATE COMMERCIAL BANKS	0.24

Most inversely correlated with ETIp

Symbol	Company	Correlation
AIXI	XIAO-I Corporation American Depositary Shares	-0.26
HVII	Hennessy Capital Investment Corp. VII Ordinary SharesELECTRIC SERVICES	-0.26
NEXT	NextDecade Corporation Common StockNATURAL GAS TRANSMISSION & DISTRIBUTION	-0.24
TNK	Teekay Tankers Ltd.	-0.22
HAFN	Hafnia Limited	-0.22

Frequently asked questions about ETIp correlations

Which stocks are most correlated with ETIp?: Based on one year of daily returns, the stocks most correlated with Entergy Texas, Inc. 5.375% Series A Preferred Stock (ETIp) are RYM (0.24), DMB (0.24) and HIGpG (0.24). 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 ETIp?: Over the past year, the stocks most inversely correlated with Entergy Texas, Inc. 5.375% Series A Preferred Stock (ETIp) are AIXI (-0.26), HVII (-0.26) and NEXT (-0.24). 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 ETIp correlations calculated?: We compute the correlation of daily returns between ETIp 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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