Fulton Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (FULTP) — Stock Correlations & Overview
Over the past year, FULTP has moved most closely with AXSpE, APRJ, APRH. Explore the stocks most correlated and inversely correlated with FULTP below, along with its price, financials, and company profile.
Stocks correlated with FULTP
Correlation of daily returns. Higher positive values move with FULTP; negative values move opposite it. Informational only, not investment advice.
Most correlated with FULTP
| Symbol | Company | Correlation |
|---|---|---|
| AXSpE | AXIS Capital Holdings Limited Depositary Shares, each representing 1/100th interest in a share of the Issuers 5.50% Series E Preferred SharesFIRE, MARINE & CASUALTY INSURANCE | 0.53 |
| APRJ | Innovator Premium Income 30 Barrier ETF - April | 0.50 |
| APRH | Innovator Premium Income 20 Barrier ETF - April | 0.49 |
| MSpF | MORGAN STANLEY SERIES FSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.48 |
| MSpE | MORGAN STANLEY DEP SHARES EACH REPRESENTING 1/1,000TH OF SHARE OF FIXED TO FLOATING RATE SER ESECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.47 |
Most inversely correlated with FULTP
| Symbol | Company | Correlation |
|---|---|---|
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.23 |
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | -0.23 |
| EVG | Eaton Vance Short Duration Diversified Income Fund | -0.22 |
| WNTR | YieldMax MSTR Short Option Income Strategy ETF | -0.22 |
| DTF | DTF Tax-Free Income 2028 Term Fund Inc. | -0.21 |
Frequently asked questions about FULTP correlations
- Which stocks are most correlated with FULTP?
- Based on one year of daily returns, the stocks most correlated with Fulton Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (FULTP) are AXSpE (0.53), APRJ (0.50) and APRH (0.49). 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 FULTP?
- Over the past year, the stocks most inversely correlated with Fulton Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (FULTP) are MSTZ (-0.23), SMST (-0.23) and EVG (-0.22). 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 FULTP correlations calculated?
- We compute the correlation of daily returns between FULTP 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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