Which stocks are most correlated with FLGpU?

Based on one year of daily returns, the stocks most correlated with Flagstar Bank, National Association Bifurcated Option Note Unit SecuritiES (FLGpU) are MFApC (0.34), MITTpC (0.30) and RCD (0.30). 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 FLGpU?

Over the past year, the stocks most inversely correlated with Flagstar Bank, National Association Bifurcated Option Note Unit SecuritiES (FLGpU) are PHOE (-0.26), VIST (-0.25) and VBIL (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Flagstar Bank, National Association Bifurcated Option Note Unit SecuritiES (FLGpU) — Stock Correlations & Overview

Over the past year, FLGpU has moved most closely with MFApC, MITTpC, RCD. Explore the stocks most correlated and inversely correlated with FLGpU below, along with its price, financials, and company profile.

Stocks correlated with FLGpU

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

Most correlated with FLGpU

Symbol	Company	Correlation
MFApC	MFA Financial, Inc. 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	0.34
MITTpC	TPG Mortgage Investment Trust, Inc. 8.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per shareREAL ESTATE INVESTMENT TRUSTS	0.30
RCD	Ready Capital Corporation 9.00% Senior Notes due 2029REAL ESTATE INVESTMENT TRUSTS	0.30
LOCT	Innovator Premium Income 15 Buffer ETF - October	0.29
EVLN	Eaton Vance Floating-Rate ETF	0.29

Most inversely correlated with FLGpU

Symbol	Company	Correlation
PHOE	Phoenix Asia Holdings Limited Ordinary Shares	-0.26
VIST	Vista Energy S.A.B. de C.V.	-0.25
VBIL	Vanguard 0-3 Month Treasury Bill ETF	-0.24
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	-0.24
BILS	State Street SPDR Bloomberg 3-12 Month T-Bill ETF	-0.24

Frequently asked questions about FLGpU correlations

Which stocks are most correlated with FLGpU?: Based on one year of daily returns, the stocks most correlated with Flagstar Bank, National Association Bifurcated Option Note Unit SecuritiES (FLGpU) are MFApC (0.34), MITTpC (0.30) and RCD (0.30). 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 FLGpU?: Over the past year, the stocks most inversely correlated with Flagstar Bank, National Association Bifurcated Option Note Unit SecuritiES (FLGpU) are PHOE (-0.26), VIST (-0.25) and VBIL (-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 FLGpU correlations calculated?: We compute the correlation of daily returns between FLGpU 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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