Flagstar Bank, National Association Depositary shares, each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock (FLGpA) — Stock Correlations & Overview
Over the past year, FLGpA has moved most closely with GFEB, GJAN, XFEB. Explore the stocks most correlated and inversely correlated with FLGpA below, along with its price, financials, and company profile.
Stocks correlated with FLGpA
Correlation of daily returns. Higher positive values move with FLGpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLGpA
| Symbol | Company | Correlation |
|---|---|---|
| GFEB | FT Vest U.S. Equity Moderate Buffer ETF - February | 0.41 |
| GJAN | FT Vest U.S. Equity Moderate Buffer ETF - January | 0.40 |
| XFEB | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 0.40 |
| APRW | AllianzIM U.S. Equity Buffer20 Apr ETF | 0.40 |
| XTAP | Innovator U.S. Equity Accelerated Plus ETF - April | 0.40 |
Frequently asked questions about FLGpA correlations
- Which stocks are most correlated with FLGpA?
- Based on one year of daily returns, the stocks most correlated with Flagstar Bank, National Association Depositary shares, each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock (FLGpA) are GFEB (0.41), GJAN (0.40) and XFEB (0.40). 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 FLGpA?
- Over the past year, the stocks most inversely correlated with Flagstar Bank, National Association Depositary shares, each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock (FLGpA) are SPXS (-0.36), SPXU (-0.36) and SPDN (-0.35). 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 FLGpA correlations calculated?
- We compute the correlation of daily returns between FLGpA 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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