Which stocks are most correlated with FGBIP?

Based on one year of daily returns, the stocks most correlated with First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) are DCO (0.28), PPSI (0.27) and LGO (0.25). 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 FGBIP?

Over the past year, the stocks most inversely correlated with First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) are MAMO (-0.26), OMER (-0.22) and ZBIO (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) — Stock Correlations & Overview

Over the past year, FGBIP has moved most closely with DCO, PPSI, LGO. Explore the stocks most correlated and inversely correlated with FGBIP below, along with its price, financials, and company profile.

Stocks correlated with FGBIP

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

Most correlated with FGBIP

Symbol	Company	Correlation
DCO	Ducommun IncorporatedAIRCRAFT PARTS & AUXILIARY EQUIPMENT, NEC	0.28
PPSI	Pioneer Power Solutions, Inc.MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	0.27
LGO	Largo Inc. Common Shares	0.25
ABRpF	Arbor Realty Trust, Inc. 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, Liquidation Preference $25.00 per shareREAL ESTATE INVESTMENT TRUSTS	0.25
SRTA	Strata Critical Medical, Inc. Class A Common StockSERVICES-HEALTH SERVICES	0.25

Most inversely correlated with FGBIP

Symbol	Company	Correlation
MAMO	Massimo Group Common StockMISCELLANEOUS TRANSPORTATION EQUIPMENT	-0.26
OMER	Omeros CorporationPHARMACEUTICAL PREPARATIONS	-0.22
ZBIO	Zenas BioPharma, Inc. Common StockPHARMACEUTICAL PREPARATIONS	-0.20
CLIK	Click Holdings Limited Class A Ordinary Share	-0.20
BIOX	Bioceres Crop Solutions Corp. Ordinary Shares	-0.20

Frequently asked questions about FGBIP correlations

Which stocks are most correlated with FGBIP?: Based on one year of daily returns, the stocks most correlated with First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) are DCO (0.28), PPSI (0.27) and LGO (0.25). 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 FGBIP?: Over the past year, the stocks most inversely correlated with First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) are MAMO (-0.26), OMER (-0.22) and ZBIO (-0.20). 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 FGBIP correlations calculated?: We compute the correlation of daily returns between FGBIP 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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