First Citizens BancShares, Inc. 5.625% Non-Cumulative Perpetual Preferred Stock, Series C (FCNCO) — Stock Correlations & Overview
Over the past year, FCNCO has moved most closely with FCNCP, METpE, SOJC. Explore the stocks most correlated and inversely correlated with FCNCO below, along with its price, financials, and company profile.
Stocks correlated with FCNCO
Correlation of daily returns. Higher positive values move with FCNCO; negative values move opposite it. Informational only, not investment advice.
Most correlated with FCNCO
| Symbol | Company | Correlation |
|---|---|---|
| FCNCP | First Citizens BancShares, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A | 0.63 |
| 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 | 0.51 |
| SOJC | The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077ELECTRIC SERVICES | 0.50 |
| WFCpC | Wells Fargo & Company Depositary Shares, each representing a 1/1, 000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CCNATIONAL COMMERCIAL BANKS | 0.48 |
| WFCpZ | Wells Fargo & Company Depositary Shares, each representing a 1/1,000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series ZNATIONAL COMMERCIAL BANKS | 0.47 |
Frequently asked questions about FCNCO correlations
- Which stocks are most correlated with FCNCO?
- Based on one year of daily returns, the stocks most correlated with First Citizens BancShares, Inc. 5.625% Non-Cumulative Perpetual Preferred Stock, Series C (FCNCO) are FCNCP (0.63), METpE (0.51) and SOJC (0.50). 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 FCNCO?
- Over the past year, the stocks most inversely correlated with First Citizens BancShares, Inc. 5.625% Non-Cumulative Perpetual Preferred Stock, Series C (FCNCO) are SMDD (-0.31), MZZ (-0.30) and MYY (-0.30). 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 FCNCO correlations calculated?
- We compute the correlation of daily returns between FCNCO 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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