Which stocks are most correlated with GABpH?

Based on one year of daily returns, the stocks most correlated with THE GABELLI EQUITY TRUST INC. 5.00% Series H Cumulative Preferred Stock (GABpH) are QLVD (0.41), HAUZ (0.41) and FPE (0.39). 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 GABpH?

Over the past year, the stocks most inversely correlated with THE GABELLI EQUITY TRUST INC. 5.00% Series H Cumulative Preferred Stock (GABpH) are EFZ (-0.34), EFU (-0.32) and EWV (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

THE GABELLI EQUITY TRUST INC. 5.00% Series H Cumulative Preferred Stock (GABpH) — Stock Correlations & Overview

Over the past year, GABpH has moved most closely with QLVD, HAUZ, FPE. Explore the stocks most correlated and inversely correlated with GABpH below, along with its price, financials, and company profile.

Stocks correlated with GABpH

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

Most correlated with GABpH

Symbol	Company	Correlation
QLVD	Northern Trust Developed Markets ex-US Quality Low Volatility ETF	0.41
HAUZ	Xtrackers International Real Estate ETF	0.41
FPE	First Trust Preferred Securities and Income ETF	0.39
IVAL	Alpha Architect International Quantitative Value ETF	0.39
EBND	State Street SPDR Bloomberg Emerging Markets Local Bond ETF	0.38

Most inversely correlated with GABpH

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.34
EFU	ProShares Trust UltraShort MSCI EAFE	-0.32
EWV	ProShares Trust UltraShort MSCI Japan	-0.30
BIS	ProShares UltraShort NASDAQ Biotechnology	-0.30
EPV	ProShares UltraShort FTSE Europe	-0.30

Frequently asked questions about GABpH correlations

Which stocks are most correlated with GABpH?: Based on one year of daily returns, the stocks most correlated with THE GABELLI EQUITY TRUST INC. 5.00% Series H Cumulative Preferred Stock (GABpH) are QLVD (0.41), HAUZ (0.41) and FPE (0.39). 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 GABpH?: Over the past year, the stocks most inversely correlated with THE GABELLI EQUITY TRUST INC. 5.00% Series H Cumulative Preferred Stock (GABpH) are EFZ (-0.34), EFU (-0.32) and EWV (-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 GABpH correlations calculated?: We compute the correlation of daily returns between GABpH 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.